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Generac Holdings shares surged 8% as Hurricane Milton intensified into a Category 5 storm. Amazon’s e-commerce stock lost 2.9% after a downgrade by Wells Fargo. Pfizer’s shares gained nearly 3% following news of activist investor Starboard Value’s nearly $1 billion stake in the company. Insurance Stocks, including Allstate, Travelers, Progressive, and Chubb, saw declines as Hurricane Milton strengthened. Air Products and Chemicals rose nearly 8% after reports of a significant stake by Mantle Ridge. Garmin’s U.S. shares dropped 4.7% after a downgrade by Morgan Stanley. Coty rallied over 3% after an upgrade by Jefferies. Arcadium Lithium PLC saw a 33% increase in shares following a potential acquisition approach from Rio Tinto. Hershey’s shares fell 2% after being downgraded by UBS and Bernstein. KB Home shed 2% following a downgrade by Wells Fargo. Duckhorn Portfolio shares doubled after Butterfly Equity announced a takeover deal worth $1.95 billion. Mobileye Global slumped over 3% after a downgrade by JPMorgan. Ciena lost 3.5% after a downgrade by JPMorgan. Apple dipped about 1% after a downgrade 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.
