Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Abivax shares plunged after cancer cases in a crucial clinical trial for a bowel disease drug threw the French biotech’s future into question.
- Shares in British American Tobacco fell as much as 3.8%, extending a seven-day losing streak, as a trading update showed continued downtrading from consumers is hurting margins, overshadowing the firm’s maintained guidance and growth in new, smoke-free categories.
- Entain shares rise as much as 4.6%, extending Monday’s gains after MGM Resorts confirmed it received a takeover offer from People Inc. Analysts believe any deal could lead to another transaction involving Entain and MGM’s joint venture named BetMGM.