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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants
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What’s up
- Tesla climbed 8.23% thanks to a successful robotaxi debut in Austin this weekend
- Northern Trust popped 8.01% on reports that Bank of New York Mellon is considering acquiring the financial services company.
- The stablecoin adoption wave continues to hit markets, with Fiserv up 4.38% after announcing it made deals with Circle and PayPal to roll out a stablecoin and digital-asset platform for banking clients. Circle climbed another 9.64%.
- Nuclear energy stocks climbed on the news that New York will build the first major new US nuclear plant in more than 15 years. Constellation Energy rose 3.37%, while Centrus Energy climbed 1.16% and Uranium Energy gained 2.01%.
- SpartanNash exploded 50.62% higher after C&S Wholesale Grocers agreed to acquire the wholesale grocer for $1.77 billion.
What’s down
- Tough first day at work: Stellantis sank 0.48% on the day that new CEO Antonio Filosa took the helm at the struggling automaker.
- Novo Nordisk lost 5.49% after the pharma giant announced disappointing trial results for its newest weight-loss drug.
- Super Micro Computer fell 9.77% on the news that it will raise money by offering $2 billion in convertible senior notes.
- Wolfspeed plummeted 31.85% after the chipmaker said it plans to file for bankruptcy.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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