Meta Signs Nuclear Deals ; Merck in Talks to Buy Revolution; GM’s EV Charges Balloon to $7.6 Billion
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Meta Signs Nuclear Deals ; Merck in Talks to Buy Revolution; GM’s EV Charges Balloon to $7.6 Billion
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About this listen
On this episode of Stock Movers:
- Shares in Oklo (OKLO) and Vistra (VST) rally as Meta Platforms (META) agreed to a series of electricity deals for its data centers that will make it the biggest buyer of nuclear power among its hyperscaler peers.
- Revolution Medicines (RVMD) shares jump after the Financial Times reported that Merck is in talks to buy the cancer drugmaker. The report comes days after another drugmaker, AbbVie, denied it was in talks to acquire Revolution.
- General Motors (GM) will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations as the financial fallout spreads from the weakening US market for EVs.
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