Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Amazon (AMZN) will invest up to $4B in Anthropic as part of strategic collaboration to develop AI [read more]
- Writers Guild, studios reach tentative agreement to end strike, AP reports [read more]
- Meta (META) to push for younger users with new AI chatbot characters, WSJ says [read more]
- Electric carmaker Nio (NIO) said it "currently has no reportable capital raising activity" in response to a Bloomberg report [read more]
- Booking Holdings (BKNG) to appeal EC decision to prohibit acquisition of Etraveli Group [read more]
2. WALL STREET CALLS:
3. AROUND THE WEB:
- Apple (AAPL) plans to boost its production in India by over five-fold to around $40B in the next four to five years, Economic Times reports [read more]
- Canadian labor union votes to ratify new contract with Ford Motor (F), Reuters reports [read more]
- Tyson (TSN) and Perdue are under federal investigation into whether they relied on migrant children to clean slaughterhouses, NY Times says [read more]
- Thailand expects Tesla (TSLA), Google (GOOGL) and Microsoft to invest $5B, Reuters reports [read more]
- Rite Aid (RAD) plans to shut down hundreds of stores as part of its bankruptcy plan, WSJ reports [read more]
4. MOVERS:
- Joby Aviation (JOBY) rises after announcing delivery of its first eVTOL aircraft to Edwards Air Force Base [read more]
- Cleveland-Cliffs (CLF) gains after Citi upgraded the stock to Buy [read more]
- Truist (TFC) higher after Barron's said the stock is worth buying [read more]
- Alcoa (AA) falls after naming William Oplinger as CEO [read more]
- BridgeBio (BBIO) lower after announcing a $250M PIPE financing [read more]
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was down 22.57, or 0.07%, to 33,941.27, the Nasdaq was up 35.44, or 0.27%, to 13,247.25, and the S&P 500 was up 7.90, or 0.18%, to 4,327.96.
