Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Campbell Soup (CPB) agreed to acquire Sovos Brands (SOVO) for $23 per share in cash [read more]
- Veritiv (VRTV) agreed to be acquired by CD&R for $170 per share in cash [read more]
- Tabula Rasa Healthcare (TRHC) agreed to be acquired by Nautic Partners for $10.50 per share in cash [read more]
- Tyson Foods (TSN) reported downbeat Q3 results and announced the closure of four additional chicken facilities [read more]
- Berkshire Hathaway (BRK.A) reported a year-over-year increase in Q2 operating earnings [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Google (GOOG) will face a scaled-down antitrust suit in the U.S., Bloomberg reports [read more]
- Lucid Group (LCID) has cut the prices of its Air luxury sedans, Reuters says [read more]
- Samsung (SSNLF) accidentally revealed the Galaxy Tab S9 FE, FE+, Android Police reports [read more]
- Airlines are preparing to reduce some flights and routes to inspect aircraft affected by the recall of hundreds of Pratt & Whitney jet engines, which will leave the unit of RTX (RTX) to face a potentially multibillion-dollar bill, WSJ reports [read more]
- Pfizer's (PFE) COVID sales have fallen sizably in the most recent quarter, WSJ says [read more]
4. MOVERS:
- Viatris (VTRS) increase after announcing the FDA accepted for review the company's recently submitted NDA for GA Depot and reported Q2 results [read more]
- Nano Dimension (NNDM) rises after its board approved a $227.5M share repurchase plan [read more]
- Black Knight (BKI) higher after announcing with Intercontinental Exchange that they have jointly stipulated, along with the FTC, to dismiss the federal court case [read more]
- BioNTech (BNTX) falls after reporting quarterly results [read more]
- Mesoblast (MESO) lower after Maxin downgraded the stock to Hold [read more]
5. EARNINGS/GUIDANCE:
- Genius Sports (GENI) reported Q2 results and provided guidance for FY23 [read more]
- Elanco (ELAN) reported Q2 results, raised its FY23 guidance, and provided outlook for Q3 [read more]
- Gogo (GOGO) reported Q2 results and cut its FY23 revenue view [read more]
- TreeHouse (THS) reported Q2 results, with CEO Steve Oakland commenting the company is "confident" in achieving its "near- and long-term financial goals" [read more]
- Henry Schein (HSIC) reported Q2 results and backed its FY23 guidance, with CEO Henry Schein commenting the company reported "solid results" [read more]
INDEXES:
Near midday, the Dow was up 344.40, or 0.98%, to 35,410.02, the Nasdaq was up 26.82, or 0.19%, to 13,936.06, and the S&P 500 was up 28.35, or 0.63%, to 4,506.38.