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Company News for July 8, 2024

Zacks Equity Research
·1 min read

  • Shares of Macy's M surged 9.5% after a report indicated that Arkhouse Management and Brigade Capital raised their bid to buy the department store chain for about $6.9 billion. 

  • Li Auto LI shares fell 1.3% after European regulators announced higher tariffs on Chinese electric vehicles.

  • Baxter International Inc. BAX shares rose 5.3% on news that The Carlyle Group Inc. CG is in exclusive talks to acquire its kidney care spinoff Vantive for over $4 billion, including debt. 

  • Shares of Advanced Micro Devices, Inc. AMD rose 4.9% because New Street Research named it a top pick among AI stocks.

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