| Symbol | Price | Change | %Change |
|---|---|---|---|
| SP500 | $4,328.82 | -19.51 | -0.45 |
U.S. stocks closed lower on Monday, as investors were wary of making riskier bets after Russia's aborted weekend mutiny.
Investors were uncertain about the implications of the rebellion by Russian mercenaries that raised questions about President Vladimir Putin's future. While Putin on Monday thanked mercenary fighters and commanders who had stood down to avoid bloodshed, the U.S. State Department said the situation in Russia remains dynamic.
Growth stocks weighed the most on the main indexes, with Meta Platforms Inc, Alphabet Inc and Tesla Inc falling sharply.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| AMED | $90.20 | -1.00 | -1.10 |
| OPCH | $31.88 | 1.58 | 5.21 |
Home health and hospice caregiver Amedisys on Monday agreed to a $3.3 billion sweetened cash offer from UnitedHealth Group and scrapped an all-stock deal with Option Care Health.
UnitedHealth is buying the company for $101 per share, which is a dollar higher than its previous offer and above the $97.38 per share all-stock deal with Option Care in May.
Interest in the home health sector has been rising since the pandemic as more patients and caregivers prefer accessing medical services from the safety of their homes.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| GS | $313.68 | -1.03 | -0.33 |
| BAC | $28.14 | 0.39 | 1.41 |
Goldman Sachs Group Inc plans to add former Bank of America executive Tom Montag to its board, a person familiar with the matter said on Monday, as Goldman's leadership faces challenges over its strategy.
The bank's board is gathering in India this week, a second source said. Montag, who has previously worked at Goldman Sachs, is currently CEO of Rubicon Carbon, a carbon-market venture backed by asset manager TPG.
He did not immediately respond to a request for comment. The planned appointment was first reported by Bloomberg News, which said that Montag is an ally of CEO David Solomon.
Montag, described by his peers as a hard-charging executive, was formerly a partner at Goldman Sachs and jointly led its securities division until late 2007. He was at the bank for 22 years.
{{#rendered}}| Symbol | Price | Change | %Change |
|---|---|---|---|
| LCID | $6.01 | 0.54 | 9.81 |
Aston Martin has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group a 3.7% stake in return for access to its "high performance" technology, the British company said on Monday, sending its shares up nearly 15%.
Under the agreement, Aston Martin will make cash payments and issue 28.4 million new ordinary shares to Lucid, worth together about $232 million.
The shift to electric is phenomenally costly, with carmakers globally committing around $1.2 trillion to the low-emission technology. Smaller carmakers like Aston Martin are more reliant on partnerships to make the transition.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| IBM | $129.94 | 0.51 | 0.39 |
IBM on Monday confirmed the $4.6 billion purchase of software company Apptio, giving the tech giant greater automation capabilities.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| CCL | $14.38 | -1.42 | -8.99 |
| NCLH | $18.57 | -0.83 | -4.28 |
Carnival on Monday forecast third-quarter adjusted profit marginally below estimates as the cruise operator battles higher marketing and labor costs.
The company's shares, which have surged nearly 80% in the past few months on resurgent demand for cruises, dropped about 6%.
Carnival has increased marketing spend since Josh Weinstein took charge as CEO in August last year and attracted new customers, as it seeks to gain an edge over its competitors such as Norwegian Cruise Line Holdings.
{{#rendered}}Losing significant amounts of weight may soon be as easy as taking a daily pill. New research released Sunday shows high-dose oral versions of the medication in the blockbuster drugs Ozepmic and Wegovy may work as well as the popular injections — even in hard-to-treat people with diabetes.
President Joe Biden will announce how much money each state is set to receive from the largest-ever federal investment in broadband expansion.
The amount each state, territory and Washington, D.C., will receive from the $42.5 billion program depends primarily on the number of unserved locations in each jurisdiction.
Congress approved the Broadband Equity, Access and Deployment program along with several other internet expansion initiatives through the infrastructure bill the Democratic president signed in 2021. Biden will announce on Monday how the money will be distributed.
States will have until the end of the year to submit initial proposals outlining how they plan to use the money.
The U.S. Department of Transportation is awarding $1.7 billion in grants for buying zero- and low-emission buses.
The money goes to transit projects in 46 states and territories, including Seattle and Washington, D.C. The grants announced Monday will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, half of which will have zero carbon emissions.
Funding for the grants comes from the 2021 bipartisan infrastructure law President Joe Biden signed.
The Democratic president has prioritized putting more electric vehicles on the road. Iowa City, Iowa, and the Seneca Nation in Western New York also are receiving grants.
{{#rendered}}Coverage for this event has ended.