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For companies, breaking up with Trump is a delicate dance

January 12, 2021. Summarized by summa-bot.

Compression ratio: 21.7%. 1 min read.

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Following last week's insurrection at the US Capitol, a growing number of companies are distancing themselves from President Donald Trump and supporters who are peddling false claims about his election loss.

London (CNN Business)Following last week's insurrection at the US Capitol, a growing number of companies are distancing themselves from President Donald Trump and supporters who are peddling false claims about his election loss.

Signature Bank said it has started closing Trump's personal accounts and called for the president to resign.

While some firms, including American Express and CNN parent AT&T, have said they will stop giving to Republican members of Congress who contested the certification of election results, many others — including Coca-Cola (KO) and Google (GOOGL) — have said they're pausing political giving altogether while they take another look at their policies.

Pfizer (PFE) shares rose 1. 7% on Monday after the company said it's now aiming to deliver 2 billion doses globally by the end of 2021.

Eli Lilly's shares soared nearly 12% on Monday, making it the best-performing stock in the S&P 500, after the company released promising early results for its experimental Alzheimer's drug.

On the radar: Bespoke Investment Group points out that JPMorgan's annual health care conference, which often coincides with strong stock performances as companies pitch investors, is taking place virtually this week.

A computer chip shortage has shut down the Ford (F) plant in Louisville, Kentucky this week — a warning sign for an industry that's struggling to get back on its feet during the pandemic.

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