CEO Jane Fraser said Tuesday that the bank was continuing to earn credibility with investors and that she remains focused on executing on her strategy.
The comments pushed stocks such as Ford, GM and Chrysler parent Stellantis higher, swinging from trading levels or negative to being up between 1% and 4%.
The decision to stop developing danuglipron adds to a string of setbacks in the pharmaceutical giant's bid to win a slice of the booming market for GLP-1s.
Expectations include millions of less vehicle sales, higher new and used vehicle prices and increased costs of more than $100 billion for the industry.
Travelers will need a Real ID-compliant license or other accepted form of identification like a passport to get through security before a domestic U.S. flight.
It's unclear whether tariffs will influence more companies to make more drugs in the U.S. like President Donald Trump is hoping for, some experts said.
China is restricting Hollywood film imports after President Donald Trump escalated tariffs. However, ticket sales from this box office have been in decline for the last five years.