PG&E Stock Is Rising Because a New Wildfire Deal Makes a Bankruptcy Exit More Likely | Nasdaq

PG&E Stock Is Rising Because a New Wildfire Deal Makes a Bankruptcy Exit More Likely | Nasdaq: PG&E stock rallied sharply after it reached a $13.5 billion deal with the victims of deadly wildfires caused by its equipment. That means the company has cleared one of its biggest hurdles to a timely exit from bankruptcy court.