Comcast and Biolife Climb; SpaceX Ticks Higher
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Comcast (CMCSA) is rising after it announced its intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Upon completion of the transaction, Comcast shareholders will own shares in both Comcast and NBCUniversal.
- Biolife (BLFS) shares are higher on news it has attracted takeover interest from parties including diagnostics company Repligen Corp., according to people with knowledge of the matter. It wasn’t clear how the medical supplies maker plans to respond to the interest, the people said, asking not to be identified discussing private information. Representatives for Biolife, based in Bothell, Washington, and Repligen didn’t immediately respond to requests for comment.
- Viridian Therapeutics (VRDN) shares are climbing as the company says the FDA approved Lumvoa (veligrotug-vvze) for treatment of thyroid eye disease.
- British American Tobacco (BTI) is dropping as it is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. BAT is contending with falling demand for traditional cigarettes in many markets and a need to invest in and develop more sustainable nicotine alternatives.
- SpaceX (SPCX) is up in the premarket as it will become a component of the Nasdaq-100 Index prior to market open on July 7, 2026, Nasdaq announces.
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