As oil prices plunge to less than $90 a barrel, David Muir reports on the stock market’s immediate response to the midterm elections, with the Dow recording its best day in 18 months.
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Google's parent company Alphabet has suffered a record stock market hit, wiping more than $500bn off its value in a single day. Shares plunged nearly 13% after investors reacted to concerns that Google's AI-powered search summaries could be eating into its lucrative advertising business. The sell-off came as tech giants face growing pressure to justify the enormous sums they're pouring into artificial intelligence. #google #AI #money #technology #news
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Marvell will acquire Lumentum in a deal valued at $115 billion. 💵 The transaction would be the largest merger between two publicly traded companies on record. Lumentum shareholders will get 4.5 shares of Marvell stock for every Lumentum share they own. The agreement generates an enterprise value of approximately $115 billion, or $1,132 per share, a 23.9% premium over Lumentum's Oct. 28 closing share price. #marvell #lumentum #ai
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