Take a look at the businesses making the most important strikes noon: Novo Nordisk — The Danish pharmaceutical firm’s trial for Alzheimer’s illness failed to fulfill its predominant aim of slowing the illness’s development. Shares tumbled almost 6%. Encourage Medical Methods — The maker of an obstructive sleep apnea therapy will profit from Friday’s choice by the Facilities for Medicare & Medicaid Companies to lift reimbursement charges for Outpatient Potential Cost Methods and Ambulatory Surgical Facilities, Stifel Monetary stated Sunday. Stifel upgraded Encourage to purchase from maintain and raised its worth goal 10% to $110. Shares jumped almost 30% on the information. U.S. Meals — The meals provider rallied 7% after it scrapped a possible merger with Efficiency Meals Group . U.S. Meals additionally reiterated its full yr outlook and approved a brand new $1 billion share buyback program. Tesla — CEO Elon Musk stated on X that the electrical automobile maker is near finalizing its newest artificial-intelligence chip, A15, and is beginning work on A16, sending the inventory 7% greater. Musk stated Tesla’s aim is to deliver a brand new AI chip design to quantity manufacturing each 12 months. Alphabet — The Google and YouTube big climbed 6% to a different all-time excessive. Alphabet was the one ” Magnificent Seven ” inventory that rose final week as buyers continued to applaud the debut of the most recent model of its synthetic intelligence mannequin, Gemini 3 . Alibaba — The Chinese language e-commerce firm’s U.S.-listed shares added 4% after it stated its new AI-app, Qwen, had 10 million downloads in its first week. Grindr — The LGBTQ+ courting app tumbled 10% after a board particular committee determined “to stop engagement” with an investor group attempting to take the platform non-public at $18 a share, citing “continued uncertainty as to the financing for the Proposal.” Grindr surged in mid-October after shareholders who personal greater than 60% of the frequent inventory floated the buyout concept. Tegna , Nexstar Media — Tegna, the previous broadcasting and digital arm of Gannett, sank greater than 4% and Nexstar dropped greater than 1%. President Donald Trump stated on social media that he opposed the Federal Communications Fee both elevating or eliminating a present 39% cap that limits native TV station possession, a transfer that is obligatory for the FCC to approve the pending Tegna-Nexstar mixture. PureCycle Applied sciences — The plastic recycler fell greater than 2% after TD Cowen downgraded Purecycle to carry from purchase and lowered its worth goal by almost half to $9, from $16. Analysts cited the corporate’s historical past of delayed orders. Oscar Well being , Centene , Molina Healthcare — The health-care shares all moved greater following a Politico report that the White Home will suggest a two-year extension of Inexpensive Care Act subsidies resulting from expire subsequent month. The administration may even set new limits on eligibility, the report stated. Oscar Well being soared 24%, Centene rallied 7% and Molina Healthcare added 4%. Baidu — The Chinese language web inventory climbed nearly 8% after an improve to chubby from impartial at JPMorgan. The financial institution cited an upcoming AI transformation at Baidu, and known as for greater than 60% upside within the inventory over the subsequent yr. MP Supplies — BMO upgraded the uncommon earths miner to outperform from market carry out, sending the fill up greater than 7%. “We imagine the present valuation represents a pretty entry level for buyers trying to achieve publicity to the uncommon earth thematic,” BMO wrote. Blue Foundry Bancorp — The New Jersey-based financial institution soared soared nearly 40% after agreeing to be purchased by Fulton Monetary of Lancaster, Penn. for 0.65 share of Fulton for every share of Blue Foundry. The deal is anticipated to shut within the second quarter of 2026. Merck — The maker of the Keytruda anti-cancer therapy rose almost 4% on the again of an improve from Wells Fargo to chubby from equal weight. The financial institution sees Merck filling the shortfall from the Keytruda expiration and stated the corporate is coming into a “catalyst wealthy interval within the subsequent 12-18 months.” Carvana — The used automobile retail platform added nearly 6% following a Wedbush improve to outperform from carry out. Wedbush stated the inventory’s 13% decline the final month is “overdone” and means there’s restricted draw back going ahead. — CNBC’s Itzel Franco, Alex Harring and Fred Imbert contributed reporting.
