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Stocks ripped higher after Fed Chairman Jay Powell said the Fed may slow rate hikes at the next meeting, pushing the Nasdaq up 4.4%, the S&P 500 up 3.1%, and the Dow up 2.2%. The Dow is now in a new bull market, up 20% from the lows. Amid the bullishness, several rumors swirled around Wall Street. Below we highlighted a few:
Radius Global Infrastructure , Inc. (NASDAQ:RADI) gained over 25% after Bloomberg reported that EQT (NYSE:EQT) is in talks to acquire the company. Today’s news follows an Investing.com report from earlier in the month that Stonepeak was also evaluating a takeover of the company.
Aerojet Rocketdyne (NYSE:AJRD) gained over 4% after Reuters reported that General Electric (NYSE:GE), L3Harris Technologies (NYSE:LHX), Textron (NYSE:TXT), and Veritas Capital vying to acquire the company.
Following news on Tuesday that Horizon Therapeutics (NASDAQ:HZNP) was in “highly preliminary” talks with three large pharma companies, analysts weighed in on the takeover prospects and potential takeover price. Several analysts see the stock worth between up to $140 per share in a takeover.
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