Gainers:
Netflix, Inc. (NFLX) is gaining 4 percent to $222.16 following the news that the company has entered a multi-year deal with DreamWorks Animation (DWA) for new original series.
Weyerhaeuser Co. (WY) is rising 3 percent to $29.15. The company agreed to acquire Longview Timber LLC from affiliates of Brookfield Asset Management for $2.65 billion. The company intends to raise approximately $2.45 billion in a combination of debt and equity, in conjunction with this transaction. The company also announced the appointment of Doyle Simons as its president and chief executive officer.
Smithfield Foods, Inc. (SFD) is up over 1 percent to $33.26. Starboard Value LP, which beneficially owns approximately 5.7 percent of the outstanding common stock, announced that it has delivered a letter to the company's board and said it believes that piece-by-piece sale of company's businesses could result in greater value to shareholders than the proposed merger.
Decliners:
Terex Corp. (TEX) is falling 12 percent to $27.90 as it lowered its full year 2013 earnings guidance stating that the level of sales growth has softened overall when compared with the increases it had originally anticipated for 2013.
Trading halt:
Trading in shares of Datawatch Corp. (DWCH) was halted. The company agreed to acquire Panopticon Software AB, a privately held Swedish company specializing in the delivery of real-time visual data discovery solutions. The deal is valued at approximately $31.4 million.
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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.