PayPal Sinks, BioNTech Drops, Gap Soars as Outlook Raised

On this episode of Stock Movers:

-PayPal (PYPL) shares drop. A consortium of Advent and Stripe has decided to abandon its pursuit of PayPal Holdings Inc., according to people familiar with the matter.

-BioNTech (BNTX) shares drop. BioNTech SE and Roche Holding AG abandoned a trial of a personalized cancer vaccine, dashing hopes that had been raised by a rival drugmaker’s recent success in the same field. 

-Gap (GAP) shares gain the most intraday since May 2024, after the apparel retailer raised both its adjusted earnings per share and adjusted gross margin outlooks for the full year. 

See omnystudio.com/listener for privacy information.