Meta Platforms has made at $14.3 billion investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts. That investment represents at 49% stake in Scale AI and a 3x premium to recent industry deals.  

For more on the deal, Paul Sweeney and Alix Steel speak with Bloomberg Intelligence Senior Analyst Mandeep Singh.

Meta Platforms has made at $14.3 billion investment in Scale AI and recruited the startup&rsquo;s chief executive officer to join its artificial intelligence efforts. That investment represents at 49% stake in Scale AI and a 3x premium to recent industry deals.&nbsp;&nbsp; For more on the deal, Paul Sweeney and Alix Steel speak with Bloomberg Intelligence Senior Analyst Mandeep Singh.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Deep Dive: Meta Pays Up For Scale AI

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e00acff0-a91a-4411-a5d1-b300010789a8/transcript

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- HSBC shares declined as much as 5.6% in London trading after the lender missed estimates in the first quarter, weighed by higher costs and impairments. The bank booked an unexpected UK fraud-related charge and recorded a $300 million increase in allowance tied to a deteriorating global economic outlook following the onset of hostilities in the Middle East.
- UniCredit shares advanced 3%, the best performing stock on the Stoxx 600 Banks Index, after the Italian lender reported a record quarter with strong revenues. KBW analysts expect earnings to be well received. 
- Shares in AB InBev gained as much as 6.8% in early trading, adding to a more than 14% rise over the past 12 months.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - HSBC shares declined as much as 5.6% in London trading after the lender missed estimates in the first quarter, weighed by higher costs and impairments. The bank booked an unexpected UK fraud-related charge and recorded a $300 million increase in allowance tied to a deteriorating global economic outlook following the onset of hostilities in the Middle East. - UniCredit shares advanced 3%, the best performing stock on the Stoxx 600 Banks Index, after the Italian lender reported a record quarter with strong revenues. KBW analysts expect earnings to be well received. - Shares in AB InBev gained as much as 6.8% in early trading, adding to a more than 14% rise over the past 12 months.

HSBC Drops, UniCredit Gains, AB InBev Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c26eb2e0-aaf6-4fa4-9e53-b4410086c0cb/transcript

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- eBay (EBAY) shares rallied on news that GameStop is trying to buy it for about $56 billion in cash and stock. EBay said Monday that it would review the offer “with a focus on the value to be delivered to eBay shareholders, including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal.”

- Tyson (TSN)'s shares soared after the largest US meatpacker raised its full-year profit outlook, with strong protein demand enabling growth even as the its beef segment continued to slump.The largest US meatpacker said it sees adjusted operating income between $2.2 billion and $2.4 billion in the fiscal year, up $100 million from its prior range. A greater consumer appetite for protein has supported more chicken and pork purchases, while also allowing Tyson to pass through higher beef prices to offset the impacts of costly US cattle supplies.

- UPS (UPS) dropped more than 10% in trading today along with other US transportation stocks after Amazon announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - eBay (EBAY) shares rallied on news that GameStop is trying to buy it for about $56 billion in cash and stock. EBay said Monday that it would review the offer &ldquo;with a focus on the value to be delivered to eBay shareholders, including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal.&rdquo; - Tyson (TSN)'s shares soared after the largest US meatpacker raised its full-year profit outlook, with strong protein demand enabling growth even as the its beef segment continued to slump.The largest US meatpacker said it sees adjusted operating income between $2.2 billion and $2.4 billion in the fiscal year, up $100 million from its prior range. A greater consumer appetite for protein has supported more chicken and pork purchases, while also allowing Tyson to pass through higher beef prices to offset the impacts of costly US cattle supplies. - UPS (UPS) dropped more than 10% in trading today along with other US transportation stocks after Amazon announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

eBay Rallies, Tyson Soars, UPS Sinks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cf37034a-1a9c-4254-aed9-b440016ad88b/transcript

On this episode of Stock Movers:
- Gamestop (GME) shares drop. GameStop Corp. is proposing to buy eBay Inc. for about $56 billion in cash and stock, a 20% premium to its Friday close. The company offered $125 per share in cash and stock for the online marketplace and has secured an initial, non-binding "highly confident letter" from TD Bank to provide about $20 billion of debt financing.
- Norwegian Cruise Line (NCLH) shares fall. Norwegian Cruise Line Holdings Ltd. cut its full-year adjusted earnings outlook, signaling it’s on track to be the cruise operator most affected by disruptions tied to the Middle East.
- Tyson Foods (TSN) shares rise. Tyson Foods Inc. raised its full-year profit outlook as strong protein demand enables growth even as the struggling beef segment shows no signs of turning around.

On this episode of Stock Movers: - Gamestop (GME) shares drop. GameStop Corp. is proposing to buy eBay Inc. for about $56 billion in cash and stock, a 20% premium to its Friday close. The company offered $125 per share in cash and stock for the online marketplace and has secured an initial, non-binding "highly confident letter" from TD Bank to provide about $20 billion of debt financing. - Norwegian Cruise Line (NCLH) shares fall. Norwegian Cruise Line Holdings Ltd. cut its full-year adjusted earnings outlook, signaling it&rsquo;s on track to be the cruise operator most affected by disruptions tied to the Middle East. - Tyson Foods (TSN) shares rise. Tyson Foods Inc. raised its full-year profit outlook as strong protein demand enables growth even as the struggling beef segment shows no signs of turning around.

Gamestop Drops, Norwegian Cruise Line Falls, Tyson Foods Rises as Protein Demand Offsets Beef Pain

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a38c1edb-d375-4e4c-8d51-b44000fbde7b/transcript

Deep Dive: Meta Pays Up For Scale AI

In 1 playlist(s)

Stock Movers

Social links

Follow podcast

Recent clips