On This episode of Stock Movers:
- Diageo agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller seeks to spur growth by paring back non-core operations.
- DBV Technologies shares soared after the company said its experimental skin patch helped young children with a peanut allergy in a crucial study.
- HSBC shares advanced as much as 3% to a fresh record high as KBW upgraded the lender’s shares to outperform from market perform on the strength of its Hong Kong business.
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