BUZZ - Reports say Alphabet is about to finalize a years-long nuclear energy deal; Constellation Energy shares surge in response
路透社2026/10/06 09:36On October 6, shares of the U.S. utility company Constellation Energy (CEG.O) rose 3% in pre-market trading to $275.71. Bloomberg, citing informed sources, reported that Google parent company Alphabet (GOOGL.O) is close to reaching a multi-year nuclear energy procurement agreement with the company. The deal is reportedly valued at $1 billion or more, highlighting the tech giant’s growing demand for stable, zero-carbon nuclear power to support artificial intelligence computing—according to Bloomberg News. As it was after regular business hours, Alphabet could not be reached for comment, while CEG declined to comment. Out of 23 brokerage firms, 20 have rated CEG a “buy” or above, and 3 have rated it “hold.” The median target price is $341.62, according to data compiled by London Stock Exchange Group (LSEG). As of the previous trading session close, CEG’s share price had declined 24.2% year-to-date, while GOOGL’s share price had risen 10.7%.
October 6 - ** Shares of US utility company Constellation Energy (CEG.O) rose 3% in pre-market trading, to $275.71
** Bloomberg reported, citing informed sources, that Google parent Alphabet (GOOGL.O) is about to (link) reach a multi-year nuclear energy procurement agreement with the company
** The deal is reportedly worth $1 billion or more, highlighting the growing demand for stable, zero-carbon nuclear power among tech giants to meet artificial intelligence computing needs—Bloomberg News
** As regular business hours have passed, GOOGL could not be reached for comment, while CEG declined to comment
** Out of 23 brokerages, 20 gave CEG a “buy” or better rating, 3 gave a “hold” rating; the median price target is $341.62—data compiled by London Stock Exchange Group (LSEG)
** As of the previous trading day’s close, CEG shares have fallen 24.2% year-to-date, while GOOGL shares have risen 10.7% year-to-date
(To assist non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for reader convenience. Reuters assumes no liability for any damage or loss resulting from the use of automated translation features.)
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BUZZ-BridgeBio shares rise as FDA initiates priority review for dwarfism drug
On October 6th, shares of pharmaceutical company BridgeBio Pharma (BBIO.O) rose 2.5% in pre-market trading to $67.80. The company announced that the U.S. Food and Drug Administration (FDA) has granted priority review to its application seeking approval for the investigational oral drug infigratinib for the treatment of children with achondroplasia, the most common type of dwarfism. The FDA has set a target decision date of February 4, 2027. The application is based on a late-stage clinical trial that met both primary and key secondary endpoints; children treated with infigratinib experienced an adjusted annual growth velocity 1.74 centimeters greater than those given placebo. The drug also improved arm span and body proportions in children under eight years old. No serious adverse events or discontinuations related to the drug were reported. BridgeBio plans to apply for European approval in the fourth quarter of 2026. As of the close of the previous trading day, BBIO shares are down 13.5% year-to-date. (For the convenience of non-English speakers, Reuters has automated this report into several other languages. Because automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translation, which is provided for readers’ convenience only. Reuters accepts no liability for any damages or losses arising from the use of automated translation.)
Google (GOOGL.US) spends $4.3 billions on electricity, securing 3,590 megawatts of long-term energy from Constellation Energy (CEG.US).
Google has signed a 3,590 MW power purchase agreement with Constellation Energy, with a quarter of the electricity coming from nuclear power, involving an investment of $4.3 billion.
BUZZ - Torm shares decline as Oaktree exits in a $253.5 million secondary offering
Updated Pricing Details: On October 6th, before the market opened on Tuesday, shares of the tanker operator Torm (TRMD.O), listed in the US, dropped 3.2% to $39.72 after the company announced the pricing of its secondary offering. According to the company (link), funds managed by Oaktree Capital Management sold approximately 6.3 million shares, raising a total of about $253.5 million. The secondary offering was priced at $40.05 per share, a 2.4% discount to the stock's previous closing price. According to the prospectus, Oaktree Capital completely exited its remaining approximately 6.2% stake following the sale (link). JPMorgan served as the sole underwriter for this issuance. Last month, Oaktree Capital (link) sold shares in another secondary offering of 9 million shares at $32.25 per share. Driven by record freight rates, the shares of tankers listed in Northern Europe (link) have soared, and Torm's stock closed up 2.6% on Monday at $41.05. As of Monday’s close, the company’s US-listed shares had surged about 110% year-to-date, including a 47% gain over the past three months. (For the convenience of non-English speakers, Reuters provides its report with automated translation into several languages. Due to the possibility of errors or the lack of contextual accuracy from automated translation, Reuters does not guarantee the accuracy of these texts. The automated translation is provided for readers’ convenience only. Reuters accepts no liability for any damage or loss arising from the use of automated translation features.)
BRIEF-Lamb Weston Holdings Announces Quarterly Dividend
Lamb Weston Holdings, Inc. LW.N: LAMB WESTON HOLDINGS ANNOUNCES QUARTERLY DIVIDEND LAMB WESTON HOLDINGS - DECLARES QTRLY DIVIDEND OF $0.38 PER SHARE Source text: ID:nBwWVH9na Further company coverage: LW.N
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