Big daily movers: Getty’s merger, Moderna’s shot, and Serve Robotics' sale

Getty Images stock spiked nearly 25% after news that it agreed to merge with rival Shutterstock to create an image-licensing behemoth worth $3.7B. The photo stars said Getty shareholders would own nearly 55% of the merged company.

Moderna shares rose 15% after the first bird-flu death was reported in the US on Monday. The biotech giant’s working on a vaccine for the H5N1 bird flu, which the CDC said had 66 confirmed human cases in the States.

Shares of Serve Robotics, which makes autonomous sidewalk-delivery bots, dropped 18% after it announced an $80M share offering. The Nvidia-backed startup has plans to unleash 2,000 robots in partnership with Uber Eats this year.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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