Closing Bell: Meta to Buy Manus, Ultragenyx Soars, OceanFirst Declines
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Show Notes
On this episode of Stock Movers:
- Meta (META) closed 1.1% higher on a deal to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots, in its effort to build a business around its massive AI investment. The deal values Manus at more than $2 billion, according to people familiar with the matter. It marks a rare US acquisition of an Asian tech company.
- Ultragenyx (RARE) shares soared 15% today. Jefferies analysts said the stock could rebound in 2026, after the shares hit a record low Monday.
- OceanFirst Financial Corp (OCFC) finished 6.6% lower, as the bank agreed to buy Flushing Financial in an all-stock deal that includes an investment agreement with PE firm Warburg Pincus, which will be represented on the company’s board.
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