Editorial companion

What stands out

Bloomberg's Stock Movers handed investors a neat demonstration of today’s market catalysts: Caterpillar slipped after an analyst downgraded it amid rising state and local actions aimed at data centers, and Skyworks plunged after announcing it will stop paying quarterly dividends as it moves toward a deal with Qorvo. Those are not just company-specific headlines, they are signals, policy risk for an industrial heavyweight, and a capital-allocation pivot that changes how to think about a semiconductor supplier while a takeover hangs in the air.