Wall Street stock indexes opened with mild losses after the S&P 500 hit a record close on the heels of inflation figures that were the highest in decades. Here’s what we’re watching in Monday’s trading:
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shares rocketed higher on reports that it was to be acquired by
for $100 a share. Pfizer’s own shares ticked up after an Israeli study said its booster shots were effective against the Omicron variant. UBS lifted its rating of Pfizer’s stock to a buy and raised its price target.
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applied for emergency use for its Covid-19 vaccine in the United Arab Emirates. Fellow vaccine maker
also gained.
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said its LiveWire electric-motorcycle arm would merge with
a SPAC, to make LiveWire publicly traded. The deal gives LiveWire an enterprise value of about $1.77 billion.
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shares were clawing back some of Friday’s losses that came after the company’s bike became associated with the demise of a character in “And Just Like That,” a reboot of “Sex and the City.” But the stock dive also could have been coincidence, as
earlier that day cut its price target for Peloton to $50 from $112 on concerns of slowing growth.
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plans to invest more than $3 billion to make electric vehicles in Michigan, good news for the car maker’s home state after Southern states snared recent auto projects.
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said its study data showed a sustained clinical response to a treatment for sickle-cell anemia.
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said…
Read More: Arena, Harley-Davidson, Bluebird Bio, Peloton: What to Watch in the Stock