Why is Exelixis stock sliding today?

Recent market activity shows a downward trend for both Oklo and Exelixis. Investors are currently reacting to specific factors causing the stock prices of these two companies to slide. While Oklo faces volatility in the energy sector, Exelixis is experiencing a decline in the biotechnology market. Both stocks are under pressure today as traders adjust their positions based on the latest financial data and market sentiment affecting these distinct industries during the current trading session.