Editorial companion

What stands out

PG&E tumbled on California wildfire-reform chatter while Deere popped after a Baird upgrade, which makes Monday a tidy lesson in headlines versus fundamentals. The Schwab Network segment captures how regulatory drama can send a utility lower even as its profit trends look healthy, while a sell-side upgrade can ignite momentum in an industrial with weakening top-line figures. If you care about where returns come from, this pairing forces a choice: trade the news or trade the business.