Midday stock movers: PG&E, Edison, Apple, Howmet, Eli Lilly and others

U.S. stocks saw notable midday moves on Monday as investors reacted to company updates, earnings outlooks, executive changes, and deal news across several sectors. PG&E and Edison International fell sharply after California lawmakers blocked a proposal that would have limited wildfirerelated claims against utilities. Apple shares also declined after a Bloomberg report said Phil Schiller would step down from leading the App Store and product events, while remaining at the company in a different role. Other active names included Science Applications International, which rose after raising its fullyear outlook, and Howmet Aerospace, which dropped after Elon Musk said SpaceX plans to make turbine blades and vanes inhouse. Herbalife fell after announcing a CEO transition, Aon declined following its agreement to buy USI Insurance Services, and energy stocks gained as oil prices climbed on renewed U.S.Iran conflict. Eli Lilly slipped after saying it would buy Merida Biosciences for $2.9 billion. GameStop, Pinterest, Deere, and AGCO also moved on earnings, management changes, or analyst upgrades.