U.S. equities rebounded as a potential $50 billion takeover of Electronic Arts sent shares soaring nearly 15%. Meanwhile, Costco faced challenges with soft sales, and tariffs impacted Paccar's stock positively.
Shares of Warner Bros. Discovery soared 29% following news of a potential takeover bid by Paramount Skydance, contributing to a record day for the S&P 500. Meanwhile, Oracle faced a setback despite a recent surge.
In a surprising turn of events, Couche-Tard has walked away from its $47 billion bid to acquire 7-Eleven after a year of stalled negotiations, citing lack of engagement from 7&i leadership.
