00:00We're going to start with a big deal, not only for the day or the week, possibly the year.
00:04It's in the energy sector, NextEra Energy, buying Dominion Energy.
00:10This is a roughly $67 billion deal in stock, the equivalent around $76 a share to Dominion shareholders based on
00:18Friday's closing price.
00:19In addition, they will receive a one-time cash payment of $360 million once this deal closes, which they expect
00:27to have happen in about a year and a half.
00:29So this deal is going to combine two of the largest U.S. utilities into an East Coast titan territories
00:36in Florida, the Carolinas, Virginia.
00:40So this is going to require state and federal regulators to sign off on it, though.
00:45But the stock is up big time. Dominion up 15 percent here on this news today.
00:48It was already up 5 percent year to date.
00:51What's the price, $74?
00:52$76 a share.
00:53I'm interpolating this. Don't hold me to this, folks.
00:56But, Paul, you know, Dominion is what every grandmother owned, right?
01:00I mean, it's all there is to it.
01:02You ready?
01:043.3 percent per year for the last 10 years.
01:07Yeah.
01:07You got a dividend.
01:08You got a dividend, I'm sure.
01:09Yeah, that includes dividend, wise guy.
01:11Oh, OK.
01:12That's not good.
01:12It's a negative statistic.
01:13Oh, boy.
01:14I'm sorry.
01:15It's just unacceptable.
01:17Next.
01:17All right.
01:18Ryanair.
01:18So trading over in Dublin up 4 percent.
01:22It was down 22 percent year to date ahead of this news.
01:25So Ryanair CEO saying he has, quote, almost zero concerns about its jet fuel supplies this summer.
01:33And this is, of course, amid fears of widespread cancellations in the airline industry linked to the high fuel costs
01:40in the war with Iran.
01:41The CEO says uncertainty, though, is making travelers book later.
01:45He says that's actually keeping summer holiday fares down because the demand just isn't isn't there.
01:50He said that Europe is now well stocked with fuel.
01:53And he says that's thanks to shipments from West Africa, Norway and the Americas.
01:57Ryanair has hedged 80 percent of its jet fuel requirements out for until April of next year at about sixty
02:05seven dollars a barrel.
02:06But he said if this war continues and goes on for another like year, let's say, and we have oh,
02:11my goodness, you have oil prices continuing to stay high.
02:13He believes we're going to see some low cost airlines in Europe go bust sort of a la Spirit Airlines.
02:19OK, that's good for Ryan.
02:20Yeah, Ryanair.
02:21Yeah, I mentioned right.
02:22It's up four percent.
02:23It wasn't it was lower earlier today, but then it did a little a little turnaround.
02:26All right.
02:27Then we've got Regeneron.
02:28So this is a biopharma company down 12 percent.
02:32It was already down nine and a half percent year to date.
02:34So it's late stage trial for the skin for a skin cancer treatment treatment missed its main goal.
02:42So the drug did not show a statistically significant improvement and progression free survival.
02:47Basically, it means it didn't delay disease progression or death.
02:51And Wall Street answered back with a number of downgrades.
02:56Also, price targets being lower today on the stock.
02:58And Regeneron had already been going through it because this comes after another drug failed, you know, tests last year.
03:07So investors are growing impatient with Regeneron.
03:09So it's going to be a little bit more.
03:09So it's going to be a little bit more.
03:10So it's going to be a little bit more.
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