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business/news//MarketScreener
NextEra Energy agreed to pay about $67 billion in stock for Dominion Energy.
NextEra Energy will acquire Dominion Energy in a $67 billion all-stock deal, the largest power sector acquisition.
KEY POINTS
The combined NextEra-Dominion utility will span from Florida to Virginia’s data center corridor and Carolinas.
Ryanair predicts unit costs will rise by a mid-single digit percentage by 2027 due to higher expenses.
Regeneron’s phase 3 melanoma drug trial for fianlimab underperformed, leading Citi to downgrade the stock.
On this episode of Stock Movers with Alexis Christoforous:
- NextEra Energy (NEE) agreed to pay about $67 billion in stock for Dominion Energy (D) in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia. The deal would give NextEra a swathe of electricity assets stretching across Virginia and the Carolinas.
- Ryanair (RYAAY) gains as it delivered a decent end to the year, but flagged impact ahead from rising costs. The airline said unit costs for 2027 could increase by a mid-single digit percentage, with concerns over current unhedged jet fuel prices, and also impact from higher crew and aircraft maintenance costs.
- Regeneron Pharmaceuticals (REGN) shares drop after the drugmaker's phase 3 data for fianlimab in metastatic melanoma fell short of expectations. Citi downgraded its rating on the stock following the "disappointing" trial update.
Bloomberg videos, provided by MT Newswires