Comcast CorpAnnounced tax-free spin-off of NBCUniversal and Sky into a separate publicly traded company.
Comcast shares surged 13% in premarket trading after the company announced plans to spin off NBCUniversal and Sky into a separate publicly traded company in a tax-free transaction expected to close within a year. Viridian Therapeutics climbed 10.2% following FDA approval of Lumvoa for thyroid eye disease, its first commercial product. Doximity fell 5.1% amid continued pressure from analyst price target cuts after weak fiscal 2027 revenue guidance. Verizon Communications gained 1% after agreeing with BT Group to combine international enterprise operations into a 50:50 joint venture serving over 3,000 multinational customers. SpaceX rose more than 1% on news it will join the Nasdaq-100 Index on July 7.
Comcast CorpAnnounced tax-free spin-off of NBCUniversal and Sky into a separate publicly traded company.
BT Group PlcAgreed with Verizon to combine international enterprise operations into a 50:50 JV serving over 3,000 multinational customers.
Verizon Communications IncAgreed with BT Group to combine international enterprise operations into a 50:50 JV serving over 3,000 multinational customers.
Doximity IncFell 5.1% amid analyst price target cuts after weak fiscal 2027 revenue guidance.
Viridian Therapeutics IncFDA approval of Lumvoa for thyroid eye disease, its first commercial product.