Company News for May 23, 2023

• Shares of Alphabet Inc. GOOGL rose 1.9%, triggering a tech rally, as investors continued to treat tech defensively during the debt ceiling crisis.

• Shares of Pfizer Inc. PFE jumped 5.4% after its diabetes drug resulted in weight loss similar to that of Novo Nordisk A/S’s NVO Ozempic in a mid-stage trial.

• CBRE Group, Inc.’s CBRE shares gained 1% as real estate became the biggest gainer on the day.

• Shares of The Procter & Gamble Company PG fell 2.6% on the consumer staples’ slump.

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