Stocks to Watch Friday: GM, Rio Tinto, Glencore -- WSJ

Dow Jones01-09

By WSJ Staff

General Motors $(GM)$: The carmaker said it would book a $6 billion charge on its money-losing electric-vehicle business. Shares dropped 1.4% in offhours trading.

Johnson & Johnson $(JNJ)$: The company became the latest drugmaker to agree to lower U.S. medicine prices. The agreement exempts J&J's pharmaceutical products from the Trump administration's tariffs.

Glencore (UK:GLEN): The company is back in talks with Rio Tinto (UK:RIO, RIO) about a potential merger that could create the world's largest miner. Glencore shares jumped 8% in London, while Rio Tinto shares dropped around 2%.

Freddie Mac (FMCC) and Fannie Mae (FNMA): President Trump said the government-backed mortgage-finance companies would buy $200 billion in mortgage bonds, part of an effort to address the rising cost of home ownership. The two companies are under government control, and their stocks trade over the counter.

LG Electronics (KR:066570): The South Korean consumer-electronics company expects its first quarterly operating loss in nine years. Shares dropped 3.4% in Seoul.

Fast Retailing (JP:9983): The Japanese owner of the Uniqlo clothes chain reported strong quarterly earnings and raised its annual profit guidance. Shares jumped nearly 11% in Tokyo, boosting the Nikkei 225.

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January 09, 2026 04:44 ET (09:44 GMT)

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