Airline Stocks Jump, AST SpaceMobile Plans More Launches, Cardinal Health to purchase Solaris Health

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Vonnie Quinn, Carol Massar and David Gura.

On this episode of Stock Movers:

- United Airlines (UAL) and Delta Air Lines (DAL) were the top performers in the S&P 500 Tuesday as an unexpected pickup in airfares lifted airline stocks. Airline fares increased 4% month over month in July, according to the release Tuesday of the consumer price index, marking a sudden reversal after five consecutive monthly declines. It was the largest seasonally adjusted change in airfares since May 2022, according to the Bureau of Labor Statistics, which publishes the data. The news boosted airline stocks on Tuesday. United was up 9.9%, Delta gained 9.1%, American Airlines Group was climbing 11%, and Southwest Airlines was up 4.1%.
- AST SpaceMobile (ASTS) shares rise over 13% in premarket trading after the satellite firm set out an ambitious plan to launch 45 to 60 satellites during 2025 and 2026. The firm also said it received two additional early-stage contracts for the US government.

- Cardinal Health (CAH) agreed to purchase Solaris Health in a $1.9 billion deal, the company’s latest acquisition in the urology category and an expansion of its multispecialty strategy. “Urology is an attractive specialty for us,” said Jason Hollar, chief executive officer of Cardinal Health, in a statement. Among other recent urology acquisitions, Cardinal Health recently completed the purchase of Academic Urology & Urogynecology. Solaris Health has more than 750 providers in 14 states.

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