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The latest stocks coverage from the TrustFinance editorial desk.
Shares in German food-delivery firm Delivery Hero jumped over 5% following a report that Uber Technologies is in late-stage negotiations for a potential acquisition, a move that could consolidate the global delivery market.
Boeing delivered 314 aircraft in the first half of the year, a 12% annual increase and its best performance for the period since 2018, though it continues to trail rival Airbus.
Biogen's stock fell sharply after its experimental Alzheimer's drug, diranersen, missed its primary endpoint in a Phase 2 trial. While the therapy showed promising tau clearance and an excellent safety profile, an unexpected inverse dose response has created uncertainty for investors.
Copenhagen's benchmark OMXC20 index dipped 0.25% on Tuesday, pulled down by notable declines in healthcare giants like Novo Nordisk and Coloplast, even as banking stocks surged to record highs.
Switch, a major data center operator, has reportedly hired Goldman Sachs and JPMorgan for an initial public offering that could raise up to $10 billion and value the company at nearly $80 billion amid surging demand for AI infrastructure.
Options traders are anticipating a significant one-day swing in Ally Financial's stock following its July 21 earnings report. Data compiled by Bloomberg suggests a potential 6.4% move, though the stock has exceeded this market expectation in three of its last eight releases.
Morocco's benchmark stock index declined 0.18% on Tuesday to its lowest point in a month, weighed down by losses in the banking, utilities, and mining sectors.
Poland's benchmark WIG30 index reached a new record on Tuesday, closing 1.24% higher, driven by strong gains in the basic materials and energy sectors.
Turkey's benchmark BIST 100 index ended Tuesday's session nearly unchanged, closing down a marginal 0.09% as losses in technology and transport stocks offset gains elsewhere in the market.
