On this episode of Stock Movers:
- Akzo Nobel has agreed to acquire smaller rival paint maker Axalta Coating Systems Ltd. in a cross-border share deal that values the target at €7.9 billion ($9.2 billion). The Dutch company’s stock fell as much as 4.4% in Amsterdam early Tuesday, the steepest intra-day drop since Oct. 22.
- Rheinmetall sees sales of about €50 billion in 2030, according to a presentation for its capital markets day. Shares rose as much as 2.4%
- Amundi will buy into the alternative investment firm ICG as it seeks to tap into the booming demand for unlisted assets. Shares rose us much as 11% this morning. Tiwa Adebayo

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On this episode of Stock Movers:

- Dell (DELL) shares fell in trading today after Morgan Stanley downgraded it. A memory “supercycle” increasingly poses a risk to earnings of hardware original equipment and design manufacturers (OEMs and ODMs), Morgan Stanley analysts wrote as they cut ratings on HP, Dell, Pegatron and Asustek to underweight.

- Several online travel agencies, including Expedia (EXPE) declined today after Alphabet's Google announced the launch of an AI-powered feature that allows users to book flights and hotels. Expedia fell as much as 6.1%, the most intraday since May 9.

- Alphabet (GOOG) rallied on the news that Warren Buffett’s Berkshire Hathaway Inc. acquired 17.9 million shares of it. Berkshire’s Alphabet stake, representing 0.31% of the outstanding shares, according to a regulatory filing Friday, was worth about $4.9 billion as of the market close.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:
- Vita Coco (COCO) shares rise 5.1% ahead of the bell after BofA analyst Peter Galbo upgrades his recommendation on the coconut water company to buy from neutral, after President Donald Trump issued an order on Friday reducing tariffs on hundreds of food products that can’t be produced in the US in sufficient quantity to meet domestic demand, including coconuts.
- Dell (DELL) shares are sliding after Morgan Stanley downgraded it due to sluggish demand. Shares of Dell declined nearly 10% during trading on Monday.
- Peter Thiel’s hedge fund Thiel Macro sold off its holdings in Nvidia (NVDA) during the third quarter, according to a 13F filing. The fund offloaded its entire position of 537,742 shares in the world’s premier AI chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The filing comes not long after SoftBank Group Corp. announced a similar move to sell off its shares in Nvidia in October for $5.83 billion.

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