Stock Movers: Apple Falls, Nebius Surges on Microsoft Deal, Tourmaline Bio Acquired

Apple's iPhone 17 Debut

• 🍎 Shares of Apple are down approximately 1.7% following the debut of its iPhone 17 lineup.
• 💡 The new lineup features a skinnier Air model, improved durability, and updated camera technology, but offered few major surprises.

Nebius's AI Deal with Microsoft

• 🚀 Nebius (NBIS), an AI-centric cloud platform company, saw its shares surge by as much as 54%.
• 🤝 This surge is attributed to a five-year deal with Microsoft to provide GPU infrastructure capacity at its new data center in New Jersey, potentially worth up to $19.4 billion.
• 📈 The deal provides Microsoft with dedicated artificial intelligence computing capacity and has led to a broad-based rally in similar companies.

Tourmaline Bio Acquisition

• 🔬 Tourmaline Bio (TRML), a biopharmaceutical company, is being acquired by Novartis in a deal valued at approximately $1.4 billion.
• 💡 Tourmaline Bio is developing a treatment aimed at reducing systemic inflammation, a key driver of cardiovascular disease.
• 📈 The company's shares are up 58% today and have risen 134% year-to-date.

TECK Resources Mining Deal

• ⛏️ TECK Resources (TECK), a Canadian miner and smelter, is experiencing its best day since April, with shares up as much as 18%.
• 🤝 This follows an agreement for Anglo-American to acquire the company, creating a combined entity worth over $50 billion.
• 📊 This acquisition is noted as one of the largest mining deals in over a decade, signaling significant optimism in the sector.