Check out the businesses making headlines in noon buying and selling.

Horizon Therapeutics – Shares of the drugmaker jumped 15.5% after the corporate introduced it has agreed to be acquired by Amgen in a deal valued at roughly $26.4 billion, or $116.50 per share, in money. The deal will give Amgen an opportunity to construct its portfolio of rare-disease therapies. Amgen shares fell more than 1%.

Weber – Shares of the grill producer jumped 23.2% after the corporate introduced a deal to be taken non-public by BDT Capital Partners. BDT will buy Weber for $8.05 per share, in response to the announcement.

Coupa Software – The maker of enterprise spending administration software program jumped 26.7% after the private-equity agency Thoma Bravo agreed to purchase the corporate in an all-cash deal value $8 billion, or $81 per share.

Under Armour – The athletics attire inventory jumped 9.1% following an improve to purchase from maintain by Stifel. The agency cited Under Armour’s “better margin certainty” and administration of stock amongst its causes for the improve.

Boeing – Shares of the plane maker jumped 3.8% after the Economic Times reported over the weekend that Air India is near signing an order to amass as much as 150 737 Max jets.

Rivian – The electrical car inventory shed more than 6.2% on information that it is pausing plans to make electrical vans in Europe at the side of Mercedes-Benz. Rivian CEO RJ Scaringe stated the corporate is pursuing “the best risk-adjusted returns” on its capital investments, which incorporates specializing in its client and present companies. News of the settlement with the auto maker was first introduced in September.

Monday – Shares of software program writer Monday jumped 4.1% after JPMorgan upgraded the inventory to obese from impartial and boosted its value goal.

Cheesecake Factory, Brinker International – The two restaurant shares had been blended following downgrades to promote from impartial by Goldman Sachs. The agency stated inflation will proceed hurting the businesses into 2023. Cheesecake Factory rose 1.8%, whereas Brinker, the father or mother of Chili’s and Maggiano’s Little Italy, dropped 1.9%.

Box – The software-as-a-service firm gained 7.4% after JPMorgan upgraded the inventory to obese from impartial, arguing it’s outperforming different expertise names and can proceed doing so going ahead.

Tesla – Shares of Tesla fell 6.3% after a YouGov survey confirmed that adverse views of the electrical car maker have overtaken constructive ones simply barely. Tesla’s model has deteriorated after CEO Elon Musk took over Twitter.

— CNBC’s Tanaya Macheel, Yun Li, Alex Harring, Samantha Subin and Jesse Pound contributed reporting.


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