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- Biotech Firm Jumps 70% on Acquisition Rumors
Biotech Firm Jumps 70% on Acquisition Rumors
Adam Garcia
March 05, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.
Technology (Sponsored)
Personal data is a multi-billion-dollar industry, and for years, big tech, banks, and retailers have been cashing in—without paying the people who generate it.
While companies like Apple, Samsung, and Allstate profit from tracking user behavior, this company lets users get paid instead of being used as income streams.
With their EarnPhone technology, users earn money simply by listening to music, playing games, or charging their phones—a model that has already helped users save and earn over $325 million.
Recognized as North America’s fastest-growing software company by Deloitte, this company just secured its Nasdaq ticker ($MODE) and is gearing up for a potential IPO.
With a model disrupting a hundred-billion-dollar industry, this could be a rare chance to invest before Wall Street catches on.
Markets 📈
The market surged today as the auto industry is granted a temporary tariff reprieve. The Nasdaq Composite jumped the highest, adding nearly one and a half percent to yesterday’s score.
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Market-Moving News 📈
Food & Beverage
Kellanova Moves Closer to Ownership Change as Mars Funds Acquisition
Kellanova (NYSE: K) is progressing toward its acquisition by Mars Inc. after the latter secured significant financing to complete the deal. The transaction, valued at approximately $36 billion including debt, will bring brands such as Pringles and Cheez-It under Mars' expanding portfolio.
To fund the acquisition, Mars issued one of the most significant corporate bond sales of the year, raising capital for the purchase. In addition, the company is seeking bondholder approval to modify existing debt agreements, ensuring financial consistency post-acquisition. Once finalized, Mars will provide a guarantee on Kellanova's outstanding bonds.
For Kellanova, the acquisition represents a pivotal shift in ownership following its separation from Kellogg's. The deal aligns with broader trends in the food sector, where companies are consolidating and expanding product offerings to drive long-term growth.
Regulatory approvals and shareholder consent remain key hurdles before the transaction is completed. Investors closely monitor developments, as Kellanova's integration into Mars is expected to reshape the company's strategic direction.
With financing secured, the acquisition moves toward its next phase, bringing Kellanova closer to joining Mars's growing snack and food empire.
Entertainment & News
Disney Announces Job Cuts at ABC and Entertainment Networks
Walt Disney Co.(NYSE: DIS) is making another round of workforce reductions, cutting positions across its ABC News and entertainment TV divisions as part of ongoing cost-saving measures.
These latest cuts primarily affect employees in New York, including production teams for ABC News Studios, 20/20, and Nightline.
The company has been restructuring its media operations to improve efficiency, and this move consolidates several production units. Affected employees are being notified, with the company citing a need to streamline operations. The digital news site 538, known for political data analysis, will also be discontinued.
Disney has significantly reduced its workforce as part of an effort to lower annual expenses. Its broadcast and cable divisions have faced declining revenue due to higher content costs and shifting consumer habits. Traditional television networks continue to navigate challenges posed by streaming competition and changing viewer preferences.
This restructuring aligns with Disney’s broader strategy to focus on profitability and operational efficiency amid evolving industry trends. The company continues to assess its resources as it adapts to shifts in media consumption and advertising revenue.
Disney’s ongoing adjustments reflect a broader transformation within legacy media as companies seek to balance content investment with financial sustainability.
High-Accuracy Trade (Sponsored)
Trading options doesn’t have to feel like guessing your way through a maze. What if you had a system that provided turn-by-turn guidance—mapping out clear entry points, precise exits, and even recalculating when needed?
For the past 21 months, this Options GPS system has guided traders to a 91% win rate, helping them avoid costly detours and dead ends.
No more confusing charts. No more risky wrong turns. Just a simple, proven system that traders are using to find their way to winning trades.
Cybersecurity
CrowdStrike Issues Cautious Outlook, Investors React
CrowdStrike (NASDAQ: CRWD) faced market pressure following its latest earnings report, which included a weaker-than-expected outlook. The cybersecurity firm, which has been working to recover from a major software update issue last year, signaled that revenue growth may take time to regain momentum.
The company’s latest forecast pointed to earnings below analysts’ expectations, leading to a selloff in early trading. Despite this, CrowdStrike reported stronger-than-anticipated subscription revenue figures, showing resilience in key areas of its business. Annual recurring revenue surpassed projections, and new contracts continued to grow.
Investors have been closely watching CrowdStrike’s recovery after a software update in mid-2024 disrupted operations across multiple industries, causing widespread outages. The company previously launched a customer retention program to mitigate the impact of that event. It has decided to conclude that initiative as it shifts focus back to long-term growth strategies.
CrowdStrike remains a key player in cybersecurity, with its cloud-based security solutions used by enterprises worldwide. The company’s latest results reflect both progress and ongoing challenges as it navigates a competitive market and works to rebuild investor confidence.
The firm also continues to face regulatory scrutiny regarding past business agreements. As CrowdStrike looks ahead, its ability to sustain growth and strengthen its market position will remain a focal point for industry analysts and investors.
Top Winners and Losers 🔥
Chimerix Inc [CMRX] $8.46 (+70.56%)
Chimerix announced it’s set to be acquired by Jazz Pharmaceuticals, causing shares to skyrocket.
Chromadex Corp [CDXC] $8.55 (+52.68%)
Chromadex reported record-high revenue growth in its Q4 2024 financial update, resulting in a stock price hike.
Astronics Corp [ATRO] $24.91 (+24.80%)
Astronics revealed the fruits of its labors in a stellar fourth-quarter earnings report, giving investors a reason to jump on board.
Exodus Movement Inc [EXOD] $29.01 (-29.88%)
Exodus Movement suffered from an earnings report that failed to impress its shareholders.
Thor Industries [THO] $81.40 (-14.52%)
Thor Industries stock fell as the company shared losses in its Q2 report.
Credo Technology Group [CRDO] $46.73 (-13.97%)
Credo Technology raised cause for concern as the company looks beyond Amazon Web Services for prospects.
Potential Game-Changer (Sponsored)
Even though these coins are not associated with or endorsed by President Trump…
Tech legend Jeff Brown believes his policies will help send these coins higher than anyone can imagine in 2025.
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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