Defense Stocks Surge as Global Tensions Rise
European defense stocks continue to gain as rising geopolitical concerns drive military spending higher. Companies such as Rheinmetall, Saab, and BAE Systems have recorded significant gains. NATO is considering raising defense budgets beyond 3% of GDP, a potential long-term shift for the industry.
European Markets Hit New Highs
The Stoxx 600 Index has reached record levels, with strong performance in industrials, energy, and financials. Investors are increasing allocations to European equities as they seek opportunities beyond the U.S. market.
Bill Ackman Raises Howard Hughes Bid to $90
Pershing Square has increased its offer to acquire additional shares of Howard Hughes Holdings at $90 per share. The move is part of Ackman’s vision to transform the company into a diversified holding entity modeled after Berkshire Hathaway. If the acquisition proceeds, Ackman will assume the role of Chairman and CEO, with Pershing Square’s stake rising to 48%.
Intel Stock Jumps 16% on Restructuring Speculation
Intel shares surged following speculation of a potential corporate restructuring, which has lifted investor sentiment in the semiconductor sector.
Market Movers
Stock | % Change | Price |
Allogene Therapeutics (ALLO) | ▲ 39.22% | $2.84 |
Super Micro Computer (SMCI) | ▲ 16.47% | $55.80 |
Intel (INTC) | ▲ 16.06% | $27.39 |
Walgreens Boots Alliance (WBA) | ▲ 14.02% | $11.06 |
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