Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- After the Wall Street Journal reported that Cigna (CI) ended its Humana (HUM) merger talks, Cigna announced a "significant" increase to its share repurchase program of $10B [read more]
- An investor group offered $5.8B to acquire Macy's (M), WSJ reports [read more]
- Occidental Petroleum (OXY) agreed to acquire CrownRock in a deal valued at $12B in cash and stock [read more]
- Xponential Fitness (XPOF) was contacted by the SEC with a documents request [read more]
- GSK (GSK) said the European Commission has granted marketing authorization for Jemperli in combination with chemotherapy for treatment of endometrial cancer [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Apple (AAPL) is looking to allocate product development resources for the iPad to Vietnam, DigitTimes says [read more]
- Instagram's (META) Threads will be available to users in the European Union on December 14, The Verge reports [read more]
- Starbucks (SBUX) wants to resume contract talks with Starbucks Workers United, NY Times reports [read more]
- Stellantis (STLA) warns of thousands of potential layoffs in Ohio and Michigan, AFP reports [read more]
- Amazon (AMZN) has filed a motion to dismiss the U.S. FTC's lawsuit against the company, Bloomberg reports [read more]
4. MOVERS:
- Hollysys (HOLI) rises in New York after announcing it agreed to be acquired by Ascendent Capital for $26.50 per share in cash [read more]
- Broadcom (AVGO) higher after Citi resumed coverage of the stock with a Buy rating [read more]
- Cogent Biosciences (COGT) falls after announcing data from its ongoing Phase 2 APEX trial [read more]
- Biomea Fusion (BMEA) declines after presenting data for BMF-219 [read more]
- Hut 8 Corp. (HUT) lower after reporting 390 bitcoin were produced in November [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was up 89.55, or 0.25%, to 36,337.42, the Nasdaq was down 46.47, or 0.32%, to 14,357.50, and the S&P 500 was up 1.76, or 0.04%, to 4,606.13.