Closing Bell: Alphabet Higher, E.W. Scripps Rises on Sinclair Proposal, Novo Nordisk Lower
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Alphabet (GOOGL) closed higher on last week's glowing reviews for the Gemini AI model. The stock has risen almost 13% this month, and it is up nearly 70% this year, by far the top performer among the Mag 7
- E.W. Scripps (SSP) rose on a proposal by Sinclair to buy all outstanding shares of E.W. Scripps it does not already own for $7.00 per share, consisting of $2.72 in cash and $4.28 in combined company common stock.
- Novo Nordisk (NVO) closed 5.5% lower. Shares dropped after a pill version of Ozempic failed to slow the progression of Alzheimer’s disease in a pair of long-shot studies that aimed to open up a new use for blockbuster obesity drugs.
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