Ackman Proposes Universal Music Merger; Broadcom Rises on Pact With Google; Humana Gets a Little Boost
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Billionaire activist Bill Ackman has proposed a bid for Universal Music Group (UMG NA) — the world’s largest music company, which houses the likes of Taylor Swift, Drake and Sabrina Carpenter — to increase returns on one of his hedge fund’s biggest holdings. - Broadcom (AVGO) shares are up after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. - The US Medicare program will pay private insurers 2.48% more in 2027, a…
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