Stock Movers Kellogg Rises, Delta Higher, MP Materials Up On News of $400m Defense Department Deal
Jul 10, 2025
W.K. Kellogg shares soar after Ferrero Group plans to acquire the company for $3.1 billion, sparking excitement in the market. Delta Airlines announces a positive earnings outlook, boosting its stock as travel recovers. MP Materials also sees a rise following a $400 million investment from the U.S. Department of Defense to enhance its capabilities. Additionally, insights into hair health reveal how environmental factors and tailored routines can influence hair growth, combining wellness with sustainability.
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Ferrero Buying WK Kellogg
- Ferrero Group is acquiring WK Kellogg for $23 per share, valuing the company at $3.1 billion.
- This deal is driving Kellogg's shares to their biggest single-day gain ever.
Delta's Optimistic Outlook
- Delta Air Lines' shares jumped up to 13% following its positive full-year profit forecast.
- The CEO highlighted returning travelers and strengthening corporate travel as key drivers.
MP Materials Defense Deal
- MP Materials secured $400 million equity from the U.S. Department of Defense to build a new magnet plant.
- Combined with a $1 billion loan from J.P. Morgan and Goldman Sachs, this deal boosts rare earth capabilities, sending shares up 60%.