Stock Movers Anglo American; Nebius Pop; UNH Jumps
Sep 9, 2025
Anglo American's stocks are soaring amidst talks of a massive acquisition of Teck Resources, potentially reshaping the mining landscape. Meanwhile, Nebius makes waves by securing a hefty contract with Microsoft, offering access to new GPU capabilities. In the health sector, UnitedHealth Group is riding high on optimistic projections for Medicare Advantage plans, anticipating bonus-earning ratings for the majority of its members. Exciting times unfold across mining, tech, and health insurance!
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Anglo's Transformative Copper Deal
- Anglo-American is pursuing a major tie-up with Teck to gain copper assets and create a >$50 billion miner.
- The deal includes a $4.5 billion special dividend and faces shareholder and regulator approvals across jurisdictions.
Hosts Note A Surge In M&A Fever
- Tom Keene described a recent conversation with Barclays' Mark Keller about heightened M&A activity in mining.
- He noted a general 'fever' for deals and referenced Peter Grauer's view that dealmaking can be organic.
Nebius Signs Massive GPU Capacity Deal
- Nebius will provide Microsoft GPU capacity at a new Vineland, NJ data center under a five-year deal worth up to $19.4 billion.
- The contract addresses Microsoft's need for additional AI cloud computing capacity after some providers faced disruptions.