Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Verizon Communications and the UK’s BT have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion.
- British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.
- UK private equity firm Bridgepoint has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix initiating large-scale investments in memory chips, data centers and robotics.
- Meituan CFO Chen Shaohui says the company is “severely undervalued” and plans to conduct share buybacks, Yicai reports, citing remarks made in annual shareholders meeting.
- Japan’s retail sales rose in May for a third month, powered by strong wage gains and government subsidies to ease the cost of living.
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Earnings are in focus with Nike, Constellation Brands, and General Mills reporting in the coming days.
Bloomberg's Nathan Hager previews the numbers with Kristine Aquino, Bloomberg Managing Editor for Markets Live.
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On this episode of Stock Movers:
- Onsemi (ON) shares ended the week lower following news the US chipmaker has agreed to buy Synaptics Inc., a firm that specializes in semiconductors for smart devices.
- Bio-Techne (TECH) shares ended the week higher after Merck agreed to buy Bio-Techne Corporation for about $11.3 billion to bolster its life-science business, marking the German pharma and technology group’s biggest acquisition in more than a decade.
- Oracle (ORCL) stock plummeted this week as concerns mount over the company's debt-load and following the news reported by the New York Times that OpenAI could delay its IPO until next year.
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On this episode of Stock Movers:
- Shares of Goldman Sachs (GS) slide after the New York Times reported that bankers advising OpenAI cautioned that volatility in tech stocks could dent enthusiasm for an offering.
- Onsemi (ON) shares slide following news the US chipmaker has agreed to buy Synaptics Inc., a firm that specializes in semiconductors for smart devices.
- Darden Restaurants (DRI) dips slightly after the restaurant chain operator reported worse-than-expected sales performance for Olive Garden, while the LongHorn’s unit topped the Street view.
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