Price: $248.63, Change: $-7.89, Percent Change: -3.08%
Related Articles
Wire
Market Chatter: Pershing Square Looks to Sell Stake in Universal Music Group
Pershing Square (PS) will sell about 80.6 million shares in an overnight placing, as Bill Ackman's hedge fund looks to exit its position in Universal Music Group, Bloomberg reported Wednesday, citing a statement.The sale comes days after Universal Music rejected Pershing's takeover bid, the report said. Bank of America (BAC) is marketing the shares at a range of 17.66 euros ($20.48) to 18.62 euros each, the report said, citing the terms that it viewed.Pershing Square and Universal Music didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $35.11, Change: $-1.08, Percent Change: -2.97%
$PS
Wire
Intercontinental Exchange Joins Anthropic's Project Glasswing AI Cybersecurity Initiative
Intercontinental Exchange (ICE) said Wednesday it has joined Amazon-backed (AMZN) Anthropic's Project Glasswing, a cybersecurity initiative that gives select organizations access to the AI company's unreleased Claude Mythos Preview model to identify and remediate software vulnerabilities.ICE said it has deployed the model across its businesses including the NYSE, other exchanges, clearinghouses, data services, and its mortgage technology platform."We're advancing the use and sophistication of AI across our cyber security in a manner that is secure, auditable, and designed for regulated industries," said Ben Jackson, president of ICE.Price: $140.62, Change: $-1.76, Percent Change: -1.24%
$AMZN$ICE
Wire
Sector Update: Consumer
Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1%.In corporate news, Macy's (M) raised its full-year outlook on Wednesday as the department store operator's fiscal Q1 earnings unexpectedly increased on an annual basis. Its shares were still down 0.9%.
$M