Walgreens Shares Surge Amid Buyout Speculation with Sycamore Partners

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Source: Investopedia
Walgreens Shares Surge Amid Buyout Speculation with Sycamore Partners
Photo: Investopedia
TL;DR Summary

The S&P 500 fell 0.3% as markets cooled ahead of key inflation data. Walgreens shares surged 17.7% on buyout talks with Sycamore Partners, while Moderna plunged 9.1% after a negative analyst rating. Oracle's shares dropped 6.7% despite strong AI demand, and Super Micro Computer fell 8.2% amid filing concerns. Alphabet rose 5.6% after unveiling a new quantum computing chip, and a federal judge blocked a merger between Kroger and Albertsons, affecting their stock prices.

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