Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Universal Music Group shares rise as much as 24% in Amsterdam, but trade well below the value of an offer from Pershing Square Capital Management amid doubt over whether the deal will happen.
- US lawmakers introduced legislation to restrict exports of chipmaking tools to China, targeting companies like and Tokyo Electron.
- Shares in Italy’s largest defense company Leonardo fall as much as 4.2% on the possibility of a management change, with Bloomberg News reporting that CEO Roberto Cingolani could be replaced as soon as this week.