On this episode of Stock Movers:- Shares of biotech company Cidara Therapeutics (CDTX) surged as much as 106% in premarket trading after Merck agreed to buy the biotech for $221.50 per share in cash, for a total transaction value of about $9.2 billion. Merck is seeking deals to expand its portfolio of treatments as it prepares for patent losses that are expected to erode its sales by $18 billion over the next five years. In 2028, Merck faces a patent expiration for Keytruda, the best-selling drug in pharmaceutical history which accounted for almost half of the company’s revenue last year.- Stubhub (STUB) shares tumble as much as 20% in premarket trading on Friday as analysts note that it was surprising that the ticketing platform did not provide a forecast for the current quarter. This is the firm’s first quarterly report after going public in September. - Warner Bros. Discovery (WBD) shares rallied ahead of the US market open following a Wall Street Journal report that Paramount, Comcast and Netflix are preparing bids for the media giant. WBD amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. The change, announced in a regulatory filing Thursday, follows the company’s decision last month to consider strategic options including a possible sale.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Shares of Applied Materials (AMAT) tumbled in premarket trading after the company suffered a sales decline last quarter and predicted another drop in the current period, though the chip-equipment maker sees demand improving in the second half of 2026. Sales will be approximately $6.85 billion in fiscal first quarter, which runs through January, the company said in a statement Thursday. Though that was slightly higher than the $6.81 billion average estimate, it would represent a decline of more than 4% from the year-earlier period.- Warner Bros. Discovery (WBD) shares edged higher in premarket trading following a Wall Street Journal report that Paramount, Comcast and Netflix are preparing bids for the media giant. WBD amended the contract of Chief Executive Officer David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. The change, announced in a regulatory filing Thursday, follows the company’s decision last month to consider strategic options including a possible sale.- Shares of Merck (MRK) moved lower ahead of the US market open after word the company is closing in on a deal to acquire Cidara Therapeutics Inc., a biotech company developing a treatment for influenza, according to the Financial Times. The deal would value San Diego-based Cidara at a premium to its current valuation of $3.3 billion and could be announced as soon as Friday, the newspaper reported.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.- PPHE Hotel Group's biggest shareholders are considering options for the real estate company behind Park Plaza Hotels in Europe, including contributing capital or selling some of their stakes. - Ubisoft decided to delay the publication of its first-half financial results on the day that they were due to be released, requesting hat the trading of its shares be halted.See omnystudio.com/listener for privacy information.
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Richemont Jumps, Siemens Energy Gains, LLoyds Down
On this episode of Stock Movers:- Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.- Siemens Energy raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit.- Lloyds Banking Group shares dipped on the back of a UK asset sell off on reports that Chancellor Rachel Reeves has dropped plans to raise the headline rates of income tax in the coming budget.See omnystudio.com/listener for privacy information.
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Warner Bros Rises, Cisco Gains, Tesla Falls
On this episode of Stock Movers: Warner Bros. Discovery (WBD) shares rose more than 5% in postmarket trading, after the Wall Street Journal reported that Paramount, Comcast and Netflix are preparing bids for the company, citing people familiar with the matter. Cisco (CSCO) shares gained on Thursday after the network-equipment giant boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending. The company, the top maker of machines that run computer networks and the internet, now expects sales of as much as $61 billion in the fiscal year ending in July, it said in a statement on Wednesday. That’s about $1 billion more than it previously expected and higher than Wall Street estimates. Cisco also increased its earnings forecast, which similarly topped analysts’ predictions. Tesla (TSLA) is developing support for Apple Inc.’s CarPlay system in its vehicles, according to people with knowledge of the matter, working to add one of the most highly requested features by customers. Shares of the company fell amid a broader selloff in tech stocks. See omnystudio.com/listener for privacy information.
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