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06.05.25 - 15:42
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Stock Movers: Palantir, Ford Fall, Doordash Down on Expansion Efforts (Bloomberg)
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Ford (F) dropped after the automaker suspended its full-year financial guidance and said President Donald Trump's auto tariffs will reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis.
Palantir (PLTR) fell after the company's financial results failed to meet investors' lofty expectations. The company bumped its 2025 revenue forecast to about $3.9 billion, representing growth of 36% from last year.
Doordash (DASH) is down after the delivery company announced earnings and more expansion efforts, including deals to buy both SevenRooms and Deliveroo. (Source: Bloomberg)...
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06.05.25 - 12:42
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DoorDash to Purchase Deliveroo in $3.9 Billion Deal (Bloomberg)
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DoorDash Inc. agreed to buy the UK-based food-delivery platform Deliveroo Plc for about £2.9 billion ($3.9 billion), as the US company pushes into overseas markets. Deliveroo's board has agreed to the terms, which is subject to regulatory and shareholder approval. Tom Mackenzie reports on Bloomberg Television....
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