Netgear jumps after Bloomberg report of possible TP-Link restrictions

Shares of Netgear (NTGR) are moving higher after Bloomberg reported that the Trump administration is considering placing restrictions on the U.S. operations of TP-Link Systems, a maker of routers. The White House may to take action against TP-Link, saying it poses a national security threat following an investigation into its China ties, people familiar with the matter told Bloomberg. Shares of Netgear are up 10% to $36.48 following the report.