- JD Sports Fashion sees full-year pre-tax profit in line with analysts’ forecasts and unveils a new £100m share buyback.
- UK energy bills will rise 2% from October, pushed higher by costs that are being added on to fund support payments for vulnerable homes. The National Grid says the design of the Ofgem framework includes “valuable steps forward”.
- Hochschild Mining shares plummet as much as 20% after the gold and silver miner downgraded its production and cost guidance for this year due to challenges at the Mara Rosa mine in Brazil.

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On this episode of Stock Movers:

- Eli Lilly (LLY) shares jumped after the company shared their obesity pill helped patients lose 9.6% of their body weight in a trial. It's the second trial; the first was conducted earlier this month and disappointed investors who had been expecting higher weight loss and lower rates of side effects.

- EchoStar (SATS) has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay out of bankruptcy and fend off regulatory concerns about its airwave use. The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas-based telecommunications company said in a statement on Tuesday. The deal is expected to close by mid-2026, pending regulatory approval. Both the White House and the Federal Communications Commission were briefed about the transaction before the announcement, according to multiple people familiar with the discussions who asked to not be identified because the talks were private. America’s leadership in wireless services has a been a priority for President Donald Trump, according to a White House official, who said the president believes this deal will accelerate the use of the wireless spectrum.

- The US Justice Department’s criminal division is digging into UnitedHealth Group’s (UNH) prescription management services as well as how it reimburses its own doctors under an ongoing probe into the firm’s operations, according to people familiar with the matter. UnitedHealth shares dropped 1.5% at the New York market close, reversing earlier gains.

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On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Isabelle Lee

• EchoStar (SATS) has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay out of bankruptcy and fend off regulatory concerns about its airwave use. The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas, Texas-based telecommunications company said in a statement on Tuesday. The deal is expected to close by mid-2026, pending regulatory approval. Both the White House and the Federal Communications Commission were briefed about the transaction before the announcement, according to multiple people familiar with the discussions who asked to not be identified because the talks were private. America’s leadership in wireless services has a been a priority for President Donald Trump, according to a White House official, who said the president believes this deal will accelerate the use of the wireless spectrum.
  
  
• Keurig Dr. Pepper (JDEPY) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.
  
  
• Constellation Brands (STZ) shares fall as much as 2.5% after Bank of America analyst Peter Galbo downgrades the alcohol beverage company to underperform from neutral. BofA holds the only sell-equivalent rating, according to data compiled by Bloomberg.

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On this episode of Stock Movers:
- Constellation Brands (STZ) shares fell after Citi opened a negative 30-day catalyst watch on the alcoholic beverage company ahead of its investor conference presentation on Sept. 2. In July, Constellation 1Q results showed profit trailed expectations due to weaker consumer demand for alcoholic beverages and higher costs from aluminum tariffs
- Olaplex (OLPX) shares tumbled after the company announced the acquisition of Purvala Bioscience, a Boston-based biotech company. Purvala develops health and beauty products for the hair and skin.
- Semtech (SMTC) shares jumped after the company reported second-quarter results that beat expectations and gave an outlook that’s in line with expectations.

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On this episode of Stock Movers:
- AT&T (T) shares rose after the company agreed to buy spectrum licenses from EchoStar for about $23 billion. AT&T said the acquisition will strengthen the company’s ability to deliver 5G and fiber services across the US.
- Eli Lilly (LLY) shares jumped after the company shared their obesity pill helped patients lose 9.6% of their body weight in a trial. It's the second trial; the first was conducted earlier this month and disappointed investors who had been expecting higher weight loss and lower rates of side effects.
- AMD (AMD) shares rose after the company announced plans to partner with IBM to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing -- also known as quantum-centric supercomputing. Teams planning an initial demonstration later this year to show how IBM quantum computers can work in tandem with AMD technologies to deploy hybrid quantum-classical workflows

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On this episode of Stock Movers:
- AT&T (T) shares are higher on news it will buy spectrum licenses from EchoStar for about $23 billion, adding an average of about 50 MHz of low-band and mid-band spectrum to AT&T’s holdings. Additions would cover virtually every US market, over 400 in total, positioning AT&T to maintain long-term leadership in advanced connectivity across 5G and fiber. Deal powers improved and capital-efficient long-term growth by accelerating AT&T’s ability to add converged subscribers with both 5G wireless and home internet services in more places.
- Advanced Micro Devices (AMD) and IBM (IBM) are jumping on news AMD plans to develop with IBM next-generation computing architectures based on the combination of quantum computers and high-performance computing, known as quantum-centric supercomputing.
- Interactive Brokers (IBKR) shares are higher on news it will be added to the S&P 500 index later this week, replacing Walgreens Boots Alliance Inc. on the closely watched gauge of US stocks. The changes will take place prior to the opening of trading on Aug. 28, according to a press release from S&P Dow Jones Indices.
- Boeing (BA) shares are higher as South Korean firms announced deals with US businesses, including $50 billion in agreements with Boeing Co. and GE Aerospace, after the nations' leaders met in Washington. The aviation sector is a key winner from the meeting, with Korean Air Lines Co. planning to order more than 100 Boeing Co. jets worth $36.2 billion and inking a $13.7 billion deal with GE Aerospace.
- Eli Lilly (LLY) is soaring this morning as its experimental obesity pill helped patients lose 9.6% of their body weight in a trial. Patients given the highest dose of the pill lost around 21 pounds and saw significant improvements in blood sugar levels, according to the company. The company is on track to file for regulatory approval by the end of the year, with Kenneth Custer, president of Lilly Cardiometabolic Health, saying "we're excited to get this potential medicine to patients as soon as possible".

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On this episode of Stock Movers:
- BNP Paribas fell 4.9%. Trading volume was ten times the average for this time of day. The stock was the worst performer among its peers. The CAC 40 fell 1.6%, while the STOXX Europe 600 Price Index lost 0.7%.
- British American Tobacco Chief Financial Officer Soraya Benchikh is stepping down with immediate effect after a little more than a year in the role. Shares in BAT fell as much as 2.9% in London.
- Bunzl reported revenue for the first half-year that matched the average analyst estimate. Shares rose 4.5%.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Keurig Dr. Pepper (KDP) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.

- Roblox (RBLX) shares jumped as much as 8.5% on Monday, the most intraday since late July, as Wedbush defends the stock amid legal threats. Analyst Alicia Reese says she views Roblox as the most compelling growth opportunity in the video game sector: “We expect some ongoing volatility in Roblox’s share price when new hit pieces or legal action surface; however, Roblox continues to be quick to respond, with meaningful actions it has taken and plans to create a safe and engaging environment across its age cohorts.”

- Alphabet (GOOGL) gained 1.2% today and closed at a record high. This extends a rally from last week off news that Apple is in early talks to use Google’s Gemini to power a revamped Siri, a potential step toward outsourcing more AI technology.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

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 Norah Mulinda.

• Keurig Dr. Pepper (JDEPY) shares slid as investors consider the news over the weekend that the company agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.
• -Puma (PUMSY) shares rallied the most since October 2001 on a report that its billionaire owners, the Pinault family, has reached out to potential buyers of the sports brand after it lost about half of its market value in the past year. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artémis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private.
• American Eagle (AEO) shares fell on word that Bank of America Global Research cut the recommendation on the apparel retailer to underperform from neutral amid tariff pressures on profitability.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Keurig Dr Pepper (KDP) agreed to buy JDE Peet’s for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.

- Roblox (RBLX) shares jumped as much as 8.5% on Monday, the most intraday since late July, as Wedbush defends the stock amid legal threats. Analyst Alicia Reese says she views Roblox as the most compelling growth opportunity in the video game sector: “We expect some ongoing volatility in Roblox’s share price when new hit pieces or legal action surface; however, Roblox continues to be quick to respond, with meaningful actions it has taken and plans to create a safe and engaging environment across its age cohorts.”

- Olaplex Holdings (OLPX) rose after Canaccord Genuity turned bullish, saying the hair care products company has seen a “brand reinvigoration” and is set to return to growth after a bumpy sales ride since the 2021 IPO.

See omnystudio.com/listener for privacy information.