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Company News for Mar 21, 2024

  • Paramount Global (PARA) shares rose 11.8% on reports that the private equity firm Apollo Global Management, Inc. (APO) had extended a buyout offer of $11 billion for its film and TV studio division.

  • Ford Motor Company (F) shares rose 4.9% following the White House's decision to relax emission standards, enabling carmakers to potentially increase sales of gas-powered vehicles until 2030.

  • Chipotle Mexican Grill, Inc. (CMG) gained 3.5% after its board approved a 50-for-1 stock split.

  • Equinix (EQIX) shares fell 2.3% after being targeted by short seller Hindenburg, which accused the data center real estate investment trust of inflating a key profitability metric.

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