WEBVTT - Constellation Energy Falls, McCormick Slides, Apellis Pharmaceuticals Gains

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data. Let's

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<v Speaker 2>take a look at some of the stocks on the

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<v Speaker 2>move today.

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<v Speaker 3>We can do that with Bloomberg's avalon per Now, avalon,

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<v Speaker 3>what are you looking at today? Yeah, we can start

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<v Speaker 3>off with Constellation Energy. That's ticker CEG sliding about eight

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<v Speaker 3>point seven percent right now. That's after the power generation

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<v Speaker 3>firm forecast earnings per share for the full year that

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<v Speaker 3>missed estimates. Barclay's saying that expectations were pretty high going

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<v Speaker 3>into the print and noting that the outlook looks sort

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<v Speaker 3>of mixed with nuclear contracting progressing, but that EPs outlook

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<v Speaker 3>again coming in below estimates, and that move is making

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<v Speaker 3>Constellation Energy one of the worst performers in the S

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<v Speaker 3>and P five hundred today.

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<v Speaker 2>All right, let's take a look at some M and

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<v Speaker 2>A as well.

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<v Speaker 3>Yes, McCormick, that's ticker MKC, falling about five point four

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<v Speaker 3>percent to hit its lowest inter day level since twenty eighteen.

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<v Speaker 3>That's after Despises and Seasoning Maker agreed to combine with

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<v Speaker 3>Funial lovers food business and a deal valued at about

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<v Speaker 3>forty four point eight billion dollars. Vital Knowledge says, despite

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<v Speaker 3>McCormick reporting decent results this morning, food focused staples are

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<v Speaker 3>generally hated by investors given the cyclical headwinds and the

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<v Speaker 3>industry's history when it comes to large scale m and a,

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<v Speaker 3>so I thought that was kind of interesting.

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<v Speaker 2>Another MNA trade A Palace Pharmaceuticals.

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<v Speaker 3>Yes, a Palace Pharmaceuticals ticker APLS, jumping one hundred and

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<v Speaker 3>thirty seven percent for its most inter day on record.

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<v Speaker 3>That's after Biogen agreed to buy the biotech for about

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<v Speaker 3>five point six billion dollars. RBC says this is a

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<v Speaker 3>really good deal for a pelas given their shares have

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<v Speaker 3>struggled a lot recently, and the deal will help Biogen

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<v Speaker 3>boost its kidney franchise and expand its treatments in rare

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<v Speaker 3>diseases and immunology.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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