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Closing Bell: CoreWeave Climbs, Pfizer Gains, Spotify Falls on Leadership Change
Description
On this episode of Stock Movers:
- CoreWeave (CRWV) shares closed higher today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft.
- Pfizer (PFE) was the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.
- Spotify (SPOT) shares dropped after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.
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