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Shares of New Fortress Energy surged 17% after the company priced its offering of 46 million shares at $8.63 per share. Energy Stocks rose as U.S. crude oil futures increased by 4%, driven by concerns about potential attacks on Israel by Iran. APA Corp, Halliburton, Hess, and Occidental Petroleum all saw gains in their stock prices. Arcos Dorados saw a jump of over 11% after renewing its franchise agreement with McDonald’s. Defense Stocks like Lockheed Martin, Northrop Grumman, and L3Harris Technologies also saw increases after reports of potential missile attacks from Iran. Paychex rose more than 4% following strong first-quarter results, while HP Inc and Walt Disney saw declines after downgrades by analysts. CVS Health slipped almost 2% amid reports of a strategic review of its business. Clorox shares climbed nearly 2% after an upgrade to buy from hold by Jefferies.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
