Gainers:
Conceptus, Inc. (CPTS) is gaining nearly 20 percent to $31.01. Bayer HealthCare LLC, a unit of German conglomerate Bayer AG (BYR.L, BAYRY.PK, BAYZF.PK), has agreed to buy the developer of the non-surgical permanent birth control method, Essure procedure, for about approximately $1.1 billion. Bayer will launch a public tender offer for $31 per share in cash within the next ten business days.
SINA Corp. (SINA) is rising 20 percent to $60.39 following the news that Alibaba Group has invested $586 million to purchase preferred and ordinary shares representing approximately 18 percent of Weibo on a fully-diluted basis. SINA has also granted an option to Alibaba to increase its ownership in Weibo to 30 percent.
BlackBerry (BBRY) is gaining more than 3 percent to $15.50.
Sohu.com Inc. (SOHU) is up over 1 percent to $51.50 following the announcement that its first quarter earnings and revenues improved from the previous year period.
Trading halt:
Trading in shares of Telular Corp. (WRLS) was halted.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.