Stock Movers Closing Bell: Meta to Buy Manus, Ultragenyx Soars, OceanFirst Declines
Dec 30, 2025
Join Nora Melinda, a Bloomberg TV markets correspondent, as she dives into the market's latest movers. She discusses OceanFirst Financial's 6.6% decline related to its acquisition of Flushing Financial and the involvement of Warburg Pincus. Nora also connects this to evolving housing market indicators, highlighting a modest drop in the homebuilder index despite rising October home prices. Don’t miss her insights on these critical financial trends!
AI Snips
Chapters
Transcript
Episode notes
Meta's Strategic AI Acquisition
- Meta is buying Manus, a Singapore-based AI agent, to build products around its large AI investment.
- The deal values Manus at over $2 billion and is a rare U.S. acquisition of an Asian tech company.
Geopolitical Sensitivity In AI Deals
- Meta's acquisition ties to China drew scrutiny but sources said Manus's investors were bought out and no continuing Chinese ownership remains.
- The move highlights sensitivity around AI deals with China-linked firms.
Volatile Biotech Swing In Ultragenyx
- Ultragenyx (RARE) jumped about 15% after plunging over 40% the prior day, showing volatile biotech trading.
- Jefferies suggested a potential rebound in 2026 and highlighted maintained 2027 profitability guidance.