Closing Bell: SpaceX Soars, Nvidia Jumps, Fiserv Drops

SpaceX Agrees to Merge With Cursor; Novo to File for China Approval of Wegovy; Dave & Buster's Misses Estimates

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SpaceX (SPCX), X67 and Anysphere entered a merger agreement with Cursor in a deal which values Cursor at an implied equity value of $60b. - Novo Nordisk (NOVOB DC) will submit oral Wegovy for regulatory approval in China in a few weeks, Chief Executive Officer Mike Doustdar told reporters in Beijing on Tuesday. - Dave & Buster's (PLAY) reported revenue for the first quarter that missed the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Rathbones Plunges, STMicro Dips, Porsche Down

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Rathbones Group Plc shares plunged after the UK wealth manager said it expects to incur £60 million ($80.4 million) of additional costs over the next two years, as it addresses issues found in a watchdog review into how it treats its customers. - STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. - Porsche received an upgrade to equal-weight at Barclays, which sees improving investor sentiment and a lack of near-term negative catalysts. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Unicredit Up, Rathbones Plunges, Rheinmetall Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Germany rejected UniCredit SpA’s takeover bid for Commerzbank AG and said it supports the lender’s independence given its important role for the national economy. - Rathbones Group Plc shares plunged after the UK wealth manager said it expects to incur £60 million ($80.4 million) of additional costs over the next two years, as it addresses issues found in a watchdog review into how it treats its customers. - Germany’s Rheinmetall and South Korean LIG Defense&Aerospace agreed to establish a strategic partnership to supply air defense systems for Europe and NATO member states. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX Jumps, Adaptive Biotechnologies Slides, Dave & Buster's Lower

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value. - Adaptive Biotechnologies (ADPT) shares slide 6.2% postmarket after the life science equipment company said it plans to offer $250 million convertible senior notes. It also announced its intention to pursue a separation of its Minimal Residual Disease and Immune Medicine businesses. - Dave & Buster's Entertainment (PLAY) reported a lower profit and falling revenue in the first quarter, dragged down by a continued slide in comparable store sales. The Dallas-based company on Monday said its comparable store sales fell 5.4% during the quarter, steeper than the 1.2% decline expected by analysts polled by FactSet. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: SpaceX Soars, Nvidia Jumps, Fiserv Drops

Today's biggest winners and losers in the stock market. 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 Griefeld, Carol Massar and Tim Stenovec - SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value. - Chipmaking giant Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that received more than three times that amount in demand, underscoring relentless investor appetite for exposure to the artificial intelligence boom.The deal, launched on Monday, attracted about $85 billion of orders at its peak, according to a person with knowledge of the matter, who asked not to be identified because they aren’t authorized to speak publicly. - Fiserv (FISV) shares are down over 11% Monday, trading at the lowest intraday level since 2016, after the payments company named Takis Georgakopoulos as CEO effective immediately, succeeding Mike Lyons, who stepped down to become CEO of Truist Financial, according to a statement. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.