Apogee Therapeutics, Inc. Common StockApogee surged 51% on report that AbbVie is nearing acquisition for ~$11B.
Getty Images shares skyrocketed 179% after the company announced a multi-year display partnership with OpenAI that will integrate Getty’s licensed visual content directly into ChatGPT’s search and discovery feeds. Apogee Therapeutics surged 51% following a Financial Times report that AbbVie is nearing an acquisition of the biotech company in a deal valued at roughly $11 billion, with investor enthusiasm centered on Apogee’s lead asset zumilokibart, an experimental anti-inflammatory therapy viewed as a potential competitor to blockbuster eczema treatment Dupixent. Nextpower edged 2% lower after agreeing to acquire Germany-based solar technology provider Zimmermann PV-Steel Group in a deal valued at up to €330 million, or $378 million, despite the acquisition being expected to contribute roughly €300 million in annual revenue and €45 million in adjusted EBITDA and being accretive. Stock futures were mixed as investors monitored U.S.-Iran peace talks in Switzerland, where mediators noted encouraging progress and a 60-day roadmap toward a final treaty.
Apogee Therapeutics, Inc. Common StockApogee surged 51% on report that AbbVie is nearing acquisition for ~$11B.
AbbVie IncAbbVie is reportedly nearing an $11B acquisition of Apogee Therapeutics.
Getty Images Holdings Inc.Getty announced multi-year partnership with OpenAI to integrate content into ChatGPT.
Nextpower Inc.Nextracker agreed to acquire Zimmermann PV-Steel Group for up to €330M.
Zimmermann PV-Steel Group is being acquired by Nextracker for up to €330M.