Stock Movers

On this episode of Stock Movers:
- General Mills (GLS) shares rise after chief executive Jeff Harmening said consumers are buying food on sale due to economic pressures. The company has lowered prices across roughly two-thirds of its North American retail business to boost sales.
- Oracle (ORCL) shares fall after the company said final negotiations on an equity deal for a data center project in Michigan are “on schedule” and doesn’t include Blue Owl Capital, a firm that has helped finance massive data center projects for firms including Oracle and Meta Platforms Inc. in recent months.
- Nvidia (NVDA) shares drop after news that OpenAI is in initial discussions to raise at least $10 billion from Amazon.com Inc. and use its chips, a potential win for the online retailer’s effort to broaden its AI industry presence and compete with Nvidia.

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On this episode of Stock Movers:
- Shares of Netflix (NFLX) moved higher in premarket trading as Warner Bros. Discovery plans to reject Paramount Skydance’s takeover bid due to concerns about financing and other terms, according to sources. After deliberating and reviewing Paramount’s bid, Warner Bros.’ board will urge shareholders to reject the tender offer, said the people, who asked not to be identified discussing confidential information. The board still views the company’s existing agreement with streaming leader Netflix as offering greater value, certainty and terms than what Paramount has proposed.
- Shares of Frontier Group Holdings (ULCC) soared in the early session with bankrupt Spirit Aviation Holdings in revived discussions to merge with the parent of the eponymous airline in a deal that could rescue the deep-discount airline from insolvency at a time of stiff competition from larger US carriers, according to people familiar. A merger between the airlines would mark a significant step for Spirit, which filed its second bankruptcy in less than a year in August. A tie-up would also be an acknowledgment that the pioneering deep-discount carriers need greater heft to compete in the current industry environment.
- Shares of Lennar (LEN) declined ahead of the US market open after the homebuilder forecast 1Q orders, deliveries and margins all below expectations, signaling strains on the housing market despite a lower interest rate. The builder also posted lower-than-expected orders and margins for 4Q.

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On this episode of Stock Movers:
- Shares of Amazon (AMZN) rallied ahead of the US market open on reports that OpenAI is in initial discussions to raise at least $10 billion from Amazon and use its chips, a potential win for the online retailer’s effort to broaden its AI industry presence and compete with Nvidia Corp. The deal under discussion could value OpenAI north of $500 billion and see it adopt Amazon’s Trainium chip, a person with knowledge of the matter said, asking to remain anonymous to describe private negotiations. Talks, however, are at a preliminary stage and terms could change, the person added.
- Shares of Netflix (NFLX) moved higher in premarket trading as Warner Bros. Discovery plans to reject Paramount Skydance’s takeover bid due to concerns about financing and other terms, according to sources. After deliberating and reviewing Paramount’s bid, Warner Bros.’ board will urge shareholders to reject the tender offer, said the people, who asked not to be identified discussing confidential information. The board still views the company’s existing agreement with streaming leader Netflix as offering greater value, certainty and terms than what Paramount has proposed.
- Shares of Frontier Group Holdings (ULCC) soared in the early session with bankrupt Spirit Aviation Holdings in revived discussions to merge with the parent of the eponymous airline in a deal that could rescue the deep-discount airline from insolvency at a time of stiff competition from larger US carriers, according to people familiar. A merger between the airlines would mark a significant step for Spirit, which filed its second bankruptcy in less than a year in August. A tie-up would also be an acknowledgment that the pioneering deep-discount carriers need greater heft to compete in the current industry environment.

See omnystudio.com/listener for privacy information.

On This episode of Stock Movers:
- Diageo agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller seeks to spur growth by paring back non-core operations.
- DBV Technologies shares soared after the company said its experimental skin patch helped young children with a peanut allergy in a crucial study.
- HSBC shares advanced as much as 3% to a fresh record high as KBW upgraded the lender’s shares to outperform from market perform on the strength of its Hong Kong business.

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On This episode of Stock Movers:
- DBV Technologies shares soared after the company said its experimental skin patch helped young children with a peanut allergy in a crucial study.
- The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees.
- President Donald Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela, ratcheting up pressure on Caracas as the US builds up its military presence in the region.

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On this episode of Stock Movers:

- Warner Bros. Discovery (WBD)is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. After deliberating and reviewing Paramount’s bid, Warner Bros.’ board will urge shareholders to reject the tender offer, said the people, who asked not to be identified discussing confidential information. The board still views the company’s existing agreement with streaming leader Netflix Inc. as offering greater value, certainty and terms than what Paramount has proposed, they said. One major sticking point is Warner Bros.’ concern about the financing proposed by Paramount, which is led by David Ellison. News also broke that Jared Kushner’s Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc. Shares of all three companies involved bounced around in aftermarket trading.

- Affirm (AFRM) shares gained as much as 12% after the lending company’s chief financial officer said at an industry event that quarter to date trends were healthy, according to Evercore ISI.

- Estee Lauder (EL) gets a new street-high price target at Bank of America as the broker names the company its top pick in beauty for 2026. The bank raises its target to $130 from $120 and reiterates its buy recommendation, citing improving beauty demand in China and US, and margin rebuild. Shares of beauty brand rose during trading on Tuesday.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:
- PayPal Holdings (PYPL) shares are up after the fintech company applied to become a bank in the US. The move is logical, could unlock long-term monetization and should be approved given the favorable regulatory environment, according to some analysts. However, the timeline is uncertain and it could take some years, they said.
- Pfizer (PFE) forecast little growth in sales for next year as the drugmaker looks to refresh its pipeline of hit drugs with a series of pricey acquisitions. Revenue next year will be $59.5 billion to $62.5 billion, roughly in line with Wall Street’s estimate, Pfizer said Tuesday in a statement. Sales this year are expected at $62 billion, within the range the company projected in early November.
- Comcast (CMCSA) shares rise as much as 3.8%, to the highest intraday since Oct. 28, after David Faber comments on CNBC about interesting trading activity, particularly in the swaps market, and also in options.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Pfizer (PFE) tumbled after it forecast little to no sales growth next year, a warning sign as the drugmaker works rebuild its pipeline of hit drugs with a series of pricey acquisitions. Revenue in 2026 will be $59.5 billion to $62.5 billion, Pfizer said Tuesday in a statement. The midpoint of that range trails Wall Street’s $61.6 billion estimate and the $62 billion the company expects to report this year.
- Xcel Energy (XEL) falls after Texas Attorney General Ken Paxton sued the company, accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year.
- Comcast (CMCSA) shares rise as much as 3.8%, to the highest intraday since Oct. 28, after David Faber comments on CNBC about interesting trading activity, particularly in the swaps market, and also in options.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Pfizer (PFE) shares fall after Pfizer forecasted little to no sales growth next year as the drugmaker undertakes an effort to refresh its pipeline of hit drugs with a series of pricey acquisitions.
- Paypal (PYPL) shares gain after the company applied to become a bank in the US by submitting applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions.
- Stubhub (STUB) shares fall after the company received a downgrade at Citizens, which predicts that the ticketing platform will face more robust competition in 2026 and flagged headwinds from regulation

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Ford Motor (F) will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable.
- PayPal Holdings (PYPL) shares are up after the fintech company applied to become a bank in the US. The move is logical, could unlock long-term monetization and should be approved given the favorable regulatory environment, according to some analysts. However, the timeline is uncertain and it could take some years, they said.
- Pfizer (PFE) forecast little growth in sales for next year as the drugmaker looks to refresh its pipeline of hit drugs with a series of pricey acquisitions. Revenue next year will be $59.5 billion to $62.5 billion, roughly in line with Wall Street’s estimate, Pfizer said Tuesday in a statement. Sales this year are expected at $62 billion, within the range the company projected in early November.

See omnystudio.com/listener for privacy information.