Hess Corp. Harpoon Therapeutics, Chevron, Pfizer, Roivant Sciences and Great Ajax were on the move.
Hess Corp. stock HES, -1.84% rose 3% to $167.48 after Chevron said it would buy the company for $53 billion, or $171 per share, in stock. Chevron stock CVX, -1.34% fell by 2%.
Harpoon Therapeutics stock HARP, +18.42% rose 38% as the biotech said its lung cancer drug showed “promising” antitumor activity and tolerability profile in a Phase 1/2 clinical trial. Roivant Sciences shares ROIV, -1.13% rose 14% as Roche said it would buy Telavant Holdings that Roivant owns with Pfizer for as much as $7.25 billion. Roivant is the 75% owner of the company that was only formed last year. Pfizer shares rose 0.5%, while Roche was steady in Swiss trade.Great Ajax AJX, +0.31%, a real-estate investment trust, saw its stock drop by 18% after the proposed buyout by Ellington Financial fell through.
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