Hershey Stock Simmers as Mondelez Weighs Takeover | Global News Avenue

Major U.S. stock indexes lower after outbreak new trading week Several key economic data will be released at that time. especially, Wednesday’s Consumer Price Index (CPI) report That could have implications for Fed officials as they weigh whether to cut interest rates at their final 2024 policy meeting, scheduled for Dec. 17-18.

The S&P 500 and Nasdaq both closed down about 0.6% on Monday, retreating from record highs set last week. The Dow fell 0.5%.

Advertising agency Omnicom (OMC) announced an agreement Acquisition of rival Interpublic Group (IPG). If the all-stock acquisition goes through, the combined entity would become the world’s largest advertising group. Omnicom’s CEO said the deal will expand opportunities to benefit from new technologies and ongoing changes in the advertising industry. However, Omnicom’s stock price plummeted 10.3% after the news was announced, becoming the largest decliner in the S&P 500 Index on Monday. Interpublic Group shares rose 3.6%.

Comcast (CMCSA) after the internet and cable TV provider said it expected to Lost over 100,000 broadband customers The fourth quarter reflected the negative trends seen in the first half of the year. Comcast’s CEO noted that the competitive environment in the broadband business is tough, especially among consumers worried about controlling spending. Shares of fellow cable TV provider Charter Communications (CHTR) fell 9.2%.

Nuclear power plant shares were lower on Monday after surging in 2024 on optimism about opportunities to power artificial intelligence (AI) data centers. The co-chairs of a U.S. Congressional working group on artificial intelligence are reportedly asking regulators to support the “colocation” of data centers near nuclear facilities. Last month, the Federal Energy Regulatory Commission (FERC) ruled that Amazon (Amazon) at Talen Energy’s data center (TLN) nuclear site. Vistra (visual effects) shares fell 9.3%.

Axon Enterprise stock (axon), a maker of Taser equipment and other law enforcement equipment, fell 6.6%. Axon shares surged in November after the company reported stronger-than-expected quarterly profits, driven by its artificial intelligence products and premium product package. Analysts also said Axon could benefit under the incoming presidential administration. The stock hit an intraday record of just under $700 on Friday, and Monday’s decline marked a pullback from all-time highs.

Hershey (HSY) The stock price soared 10.9%There are reports that snack food giant Mondelez International (Yideliz) is evaluating a potential acquisition of the Pennsylvania-based chocolate maker. Hershey’s merger with Mondelēz (Cadbury’s parent company) would create one of the world’s largest candy companies. Mondelēz International shares fell 2.3%.

Eun Sang Energy (ENPHShares in the solar technology company rose 6.8% after the company announced a partnership with Dutch electricity provider NextEnergy. The new collaboration will help owners of Enphase solar and battery storage systems maximize energy savings and increase profitability when participating in the Dutch grid-imbalanced energy market.

Albemarle stock (albumin), the world’s largest lithium miner, saw its shares rise 4.5%. Albemarle shares fell in early December as analysts predicted lithium prices would remain under pressure in 2025 as supply levels continued to rise. However, the share price has changed in recent days, recouping most of its losses.