JetBlue Soars, Meta Gains, Arm Rises

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

On this episode of Stock Movers:

JetBlue Airways (JBLU) is considering the option of selling itself to a competitor, Semafor reported, citing people familiar with the matter. The US airline has hired advisers to explore the viability of a deal, and is considering scenarios of a tie-up with United Airlines Holdings Inc., Alaska Air Group Inc. or Southwest Airlines Co., and how such a combination would sit in the political and regulatory environment, the publication said.

Meta Platforms (META) is cutting several hundred jobs as part of a restructuring effort that’s impacting several teams at the company, including sales, recruiting and the Reality Labs hardware division.

Arm Holdings (ARM) which made its name licensing technology to semiconductor makers, said it will sell its own chips for the first time — a move forecast to generate about $15 billion annually within five years.

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