BT Deal, BAT Cuts, Bridgepoint Buy

Comcast and Biolife Climb; SpaceX Ticks Higher

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Comcast (CMCSA) is rising after it announced its intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal. - Biolife (BLFS) shares are higher on news it has attracted takeover interest from parties including diagnostics company Repligen Corp., according to people with knowledge of the matter. It wasn’t clear how the medical supplies maker plans to respond to the interest, the people said, asking not to be identified discussing private information. Representatives for Biolife, based in Bothell, Washington, and Repligen didn’t immediately respond to requests for comment. - Viridian Therapeutics (VRDN) shares are climbing as the company says the FDA approved Lumvoa (veligrotug-vvze) for treatment of thyroid eye disease. - British American Tobacco (BTI) is dropping as it is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. BAT is contending with falling demand for traditional cigarettes in many markets and a need to invest in and develop more sustainable nicotine alternatives. - SpaceX (SPCX) is up in the premarket as it will become a component of the Nasdaq-100 Index prior to market open on July 7, 2026, Nasdaq announces. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

BT Deal, BAT Cuts, Prosus Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Verizon Communications and the UK’s BT have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion. - British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. - Prosus said profit more than doubled in the last fiscal year, beating analysts’ estimates as growth in the tech investment company’s e-commerce businesses and an increase in the value of the stake it owns in China’s Tencent boosted earnings. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

BT Deal, BAT Cuts, Bridgepoint Buy

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Verizon Communications and the UK’s BT have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion. - British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. - UK private equity firm Bridgepoint has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SK Hynix Up, Meituan Rally, Fast Retailing Slips

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix initiating large-scale investments in memory chips, data centers and robotics. - Meituan CFO Chen Shaohui says the company is “severely undervalued” and plans to conduct share buybacks, Yicai reports, citing remarks made in annual shareholders meeting. - Japan’s retail sales rose in May for a third month, powered by strong wage gains and government subsidies to ease the cost of living. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Week Ahead: Nike, Constellation Brands, General Mills

Earnings are in focus with Nike, Constellation Brands, and General Mills reporting in the coming days. Bloomberg's Nathan Hager previews the numbers with Kristine Aquino, Bloomberg Managing Editor for Markets Live. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.