JD.com Inc (NASDAQ:JD) shares surged on Friday after analysts at Jefferies increased their price target on the Beijing-headquartered online retailer while maintaining a ‘Buy’ rating.
Analysts raised their price target to $60 from $54. JD shares added 9.1% at $38 on Friday morning.
Novo Nordisk (NYSE:NVO) shares plummeted after the US Medicare program announced it plans to include the firm’s weight loss medications in its second round of price negotiations.
Shares of the Danish drugmaker fell 4.4% to about $79 on Friday morning, bringing the stock’s losses to 25.5% in the last 12 months.
Shares of Intel Corp (NASDAQ:INTC, ETR:INL) soared 7.6% Friday morning following a report from the tech-focused newsletter SemiAccurate suggesting the chipmaking giant may be an acquisition target.
According to the report, an unnamed company is exploring the possibility of acquiring Intel in its entirety. SemiAccurate stated it had reviewed an email from two months ago detailing the potential acquisition and recently received confirmation of the plan from a "highly placed source."
Mining giants Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) reportedly engaged in preliminary discussions about a potential merger, Bloomberg reported on Thursday, citing sources familiar with the matter.
The talks, which a Reuters-cited source said were no longer active, would have paved the way for the mining industry’s largest-ever deal, reshaping the global landscape. Both companies rank among the world's leading iron ore miners and have extensive portfolios spanning various commodities.