Key Points To Watch Out For:
- Domino’s Pizza shares fell after reporting weaker-than-expected quarterly earnings.
- Deliveroo rose 17% following DoorDash’s takeover bid.
- Merck gained 3% after acquiring SpringWorks Therapeutics.
Domino’s Pizza (DPZ): Weak Sales Affect Shares
Domino’s shares fell in premarket trading after reporting weaker-than-expected quarterly revenue. The market reaction was negative, driven by signs that demand for prepared foods continues to weaken—especially in an environment of persistent price pressure.
Banca Generali (IT:BGN): Takeover Bid Boosts Bank Shares in Italy
Banca Generali shares rose 6.5% after Mediobanca offered to acquire its smaller rival for $7.2 billion. The deal marks another significant step in the ongoing wave of banking mergers in Italy, boosting expectations for improved sector margins.
Deliveroo (UK:ROO): DoorDash Offensive Sends Shares Soaring
Deliveroo surged more than 17% in London after receiving a takeover offer from DoorDash valued at approximately $3.6 billion. The move highlights DoorDash’s strategic ambitions in global markets and reinforces investor confidence in delivery-related stocks.
Merck (MRK): Strategic Biotech Acquisition Boosts Shares
Merck rose 3% in Frankfurt after announcing the acquisition of SpringWorks Therapeutics, a biotech firm specializing in rare diseases and oncology, in a deal worth nearly $3.9 billion. The acquisition aims to expand Merck’s cancer treatment portfolio, providing further upside potential for its shares.
Airbus (AIR): Ongoing Industrial Expansion Strengthens Shares
Airbus gained 2.4% in Paris after agreeing to purchase select factories from Spirit AeroSystems, which is currently in the process of being acquired by Boeing. The move is expected to improve Airbus’s supply chain and reinforce its aircraft production capabilities.
Amazon (AMZN), Apple (AAPL), Meta Platforms (META), and Microsoft (MSFT): High Expectations for Big Tech
This week, four of the “Magnificent Seven” tech giants—Amazon, Apple, Meta, and Microsoft—are set to report earnings. Their results could have a significant influence on the broader tech sector, especially amid mounting macroeconomic uncertainties.
