DVAX News & Events

Stock index futures were quiet in early pre-market trading ahead of a similarly muted holiday shortened session. U.S. stock markets closed at 1 pm ET and bond markets close at 2 pm ET.The S&P 500 index managed to hold near a record following the thin holiday trading as investors parsed labor market data for additional clues on the Federal Reserve's interest rate path. The move in the benchmark index follows four-straight sessions of gains. The Dow also gained, while the tech-heavy Nasdaq 100 Index closed little changed.Initial jobless claims fell to 214,000 for the week ended December 20, which was below expectations, and continuing jobless claims rose 38,000 to 1.92M in the latest survey.On the commodities front, gold prices climbed to another record, above $4,500 an ounce, while silver and platinum prices also hit records and copper heads for a 40% annual gain.Get caught up quickly on the top news and calls moving stocks with this market wrap Fly By.STOCK NEWS:Intelshares slid afterthat Nvidiarecently tested out whether it would manufacture its chips using Intel's 18A production process, but stopped moving forwardSanofiagreed toof Dynavax Technologiesfor $15.50 per share in cash, reflecting a total equity value of $2.2BBPreached ana 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1B, resulting in total net proceeds of $6BWALL STREET CALLS:NorthcoastCostcoto Buy with a $1,100 price targetRaymond JamesKB Hometo Market Perform following the company's "disappointing" Q4 reportComstock Inc.to Market Perform at Noble CapitalSpire Globalto Neutral from Buy at Alliance Global3. AROUND THE WEB:Ares Managementis open to buying a private equity firm in an attempt to bolster its leveraged buyout business,Bitcoin mining companies like Core Scientific, Cipher Mining, Iren, and CleanSparkhave transitioned to artificial intelligence data centers,Hondawill acquire LG Energy Solution's facilities and other assets from their joint battery plant in Ohio for approximately $2.9B,A federal judge has blocked a Texas law requiring companies that run mobile app stores, like Appleand Google, to verify ages of users,4. MOVERS:Agios Pharmaceuticalsincreased after thein anemia patientsEdgewise Therapeuticsgained afterfrom its Phase 2 EDG-7500 trialUiPathclosed higher after beingin the S&P 400 at the open on January 1, 2026Tesla (TSLA) fell afterthe NHTSA has opened a probe into the Model 3 vehicle over door release controlsBrandywine Realtyclosed lower after being picked toon the S&P 600INDEXES:The Dow rose 288.75, or 0.60%, to 48,731.16, the Nasdaq gained 51.46, or 0.22%, to 23,613.31, and the S&P 500 advanced 22.26, or 0.32%, to 6,932.05.

William Blair downgraded Dynavax (DVAX) to Market Perform from Outperform after Sanofi (SNY) announced it will acquire the company for $15.50 per share. The analyst, who believes the acquisition "makes sense" given growing regulatory concerns around vaccines and investor questions on management's strategy for value creation, calls Sanofi a "logical acquisition partner."

Stock index futures are little changed ahead of the holiday shortened session after the benchmark S&P 500 set a record on Tuesday. U.S. stock markets are due to close at 1 pm ET with bond markets closing at 2 pm ET.In pre-market trading, S&P 500 futures are down 0.03%, Nasdaq futures are flat and Dow futures are down 0.06%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Dynavax Technologies- up 40% after Sanofiagreed to acquire all outstanding shares for $15.50 per share in cash, reflecting a total equity value of $2.2BNike- up 3% after a filing showed that boardmember and AppleCEO Tim Cook purchased $2.95M worth of Nike shares on December 22AST SpaceMobile Inc.- up 3% after launching its largest-ever satellite from IndiaLOWER -Intel- down 3% after Reuters reported that Nvidiarecently tested out whether it would manufacture its chips using Intel's 18A production process, but stopped moving forward