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Bloomberg

Taylor Morrison Soars on Berkshire Deal; IBM Jumps on Trump Mention | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. - Shares of MGM Resorts International (MGM) rallied ahead of the US market open after the New York Times' DealBook reported that Barry Diller's People Inc. is preparing an offer to buy its unowned portion of the casino giant at an $18 billion valuation. - Shares of IBM (IBM) jumped in the early session after a video of President Trump praising the company's CEO and discussing the stock at a December event recirculated on social media over the weekend. In the clip, Trump says IBM CEO Arvind Krishna had "taken the stock from a rather low price to a very nice price."

Read more: Taylor Morrison Soars on Berkshire Deal; IBM Jumps on Trump Mention | Stock Movers
Bloomberg

France Has Compelling Advantage to Attract Data Centers, Cagni Says

French Ambassador for International Investments and President of C4 Industries Pascal Cagni joins Bloomberg's Matt Miller on "Bloomberg Brief" to discuss foreign investments in France as French President Emmanuel Macron announced 93 billion ($108 billion) investment pledges at the "Choose France" summit.

Read more: France Has Compelling Advantage to Attract Data Centers, Cagni Says
Bloomberg

AI Rally Has 'Room To Go' Says Ozan Tarman

The artificial-intelligence trade locked in fresh gains on Monday, allowing global equities to shrug off a rebound in oil prices as the US and Iran remained deadlocked over a peace deal. Ozan Tarman, Global Macro Vice Chair at Deutsche Bank joined Stephen Carroll and Lizzy Burden to discuss the the moves in stocks as where Bond yields go from here.

Read more: AI Rally Has 'Room To Go' Says Ozan Tarman
Bloomberg

Berkshire Hathaway to Acquire Taylor Morrison in a $6.8 Billion Deal

Berkshire Hathaway Inc. is buying Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion. The offer of $72.50 per common share represents a 24% premium to the home builder's latest closing price on Friday and is the first major purchase under chief executive Greg Abel. Manuel Baigorri reports on Bloomberg Television.

Read more: Berkshire Hathaway to Acquire Taylor Morrison in a $6.8 Billion Deal
Bloomberg

SoftBank Announces 75 Bln AI Data Center Plan in France

SoftBank plans to invest as much as 75 billion ($87 billion) to build 5 gigawatts of artificial intelligence data center capacity in France, saying the country is poised to become a top European hub for AI infrastructure. SoftBank founder Masayoshi Son met French President Emmanuel Macron in Paris today to discuss the plan. Bloomberg's Peter Elstrom and Caroline Connan report.

Read more: SoftBank Announces 75 Bln AI Data Center Plan in France