By coinnews 
00:00 Speaker A
Time for Yahoo! Finance’s Market Minute. Stocks mixed, pairing back earlier losses after ISM manufacturing data falling into contraction territory in March, indicating stagflation. Meantime, shares of EV maker Lucid Motors jumping after the company confirmed it’s capturing Tesla buyers at a higher rate. Lucid CEO telling Yahoo! Finance, quote, “We see a clear uptick of interest in Lucid from Tesla buyers because they’re looking for another option.” Johnson & Johnson shares falling after a bankruptcy judge rejected its $9 billion plan to settle lawsuits for its baby powder that contains talc. This is the third time J&J attempted to settle using an element of the bankruptcy system. Shares of the owner of Calvin Klein and Tommy Hilfiger, PVH, are surging as its full year sales outlook tops analyst expectations. Still, PVH’s CEO warning of a tough consumer backdrop in North America and China. That’s your Yahoo! Finance Market Minute. Scan the QR code for more.