Nuvalent Merger; Apple Skepticism; Applied Digital Deal

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer.
- Apple (AAPL) shares are lower after the company detailed the latest generation of its AI platform, which is focused on its Siri digital assistant. The event received mixed reviews.
- Applied Digital (APLD) is rising on news of a 15-year hyperscaler lease deal at Delta Forge 2.
- Vail Reports (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate.
- Mission Produce (AVO) shares sank after the avocado supplier reported adjusted earnings per share for the second quarter that missed the average analyst estimate.

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