Getty Images surges 179% on OpenAI partnership, Apogee jumps 51% on AbbVie deal report

M&A · PartnershipEarnings Impact 4
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Summary · why it matters

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.

Impact on stocks 4

Biotech & Genomic Medicine · 2 stocks
AbbVie Inc
ABBV
▲ PositiveCapitalrelevance

AbbVie is reportedly nearing an $11B acquisition of Apogee Therapeutics.

Artificial Intelligence · 1 stocks
Energy Transition & Power Demand · 1 stocks
Nextpower Inc.
NXT
▼ NegativeCapitalrelevance

Nextracker agreed to acquire Zimmermann PV-Steel Group for up to €330M.

Theme Impact 2

Off-coverage companies 1

Zimmermann PV-Steel GroupPrivate▲ Positive
Capitalrelevance

Zimmermann PV-Steel Group is being acquired by Nextracker for up to €330M.

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