Activist investors acquire stakes in Pfizer and Air Products, Wynn Resorts gains gaming license.

From Nasdaq: 2024-10-08 09:35:00

Activist investor Starboard Value acquires $1 billion stake in Pfizer Inc. (PFE), prompting a 2.2% stock price rise. Wynn Resorts, Limited (WYNN) gains 0.9% after receiving first gaming license in United Arab Emirates. Alphabet Inc. (GOOGL) shares fall 2.2% post order to revamp mobile app business, while Air Products and Chemicals, Inc. (APD) shares surge 9.5% as activist hedge fund Mantle Ridge acquires stake.

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Read more at Nasdaq: Company News for Oct 8, 2024