Trading week opens with mixed results 📉

The Dow shed 300 points as stocks continue to exhibit volatility in the face of increasing economic & geopolitical uncertainty.                                                                                                                                                                                                                                                                                                                                                                                                                 June 03, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. I hope you had a great weekend. Here’s what moved the market today. Markets 📈 Stocks cruised to a mixed close on Monday. The S&P 500 and Nasdaq notched fractional gains, while the Dow slid to a thin loss. - DJIA [-0.3%] - S&P 500 [+0.1%] - Nasdaq [+0.5%] - Russell 2K [-0.5%] [You're About to Miss Your Last Chance to Get Rich with Crypto💰]( Legendary crypto investor Charlie Shrem, who turned $5 into millions with bitcoin, has an urgent message for you. He predicts that the final crypto bull run is coming in 2024, and he's identified 5 tiny cryptos that could create generational wealth as $30 trillion floods the market. Some of these coins are trading for less than $1, giving you the opportunity to turn a small investment into a fortune. [Don't miss out! Get all the Details HERE »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 Paramount Merger Deal Rumored to Be in Place Paramount [PARA +7.4%] and Skydance have reportedly reached an agreement on the terms of a merger deal, according to several sources. The deal could be announced as soon as Monday, according to CNBC’s David Faber, subject to approval from Paramount's controlling shareholder, Shari Redstone. Key Terms Negotiated 💼 The agreement involves Skydance, led by David Ellison and backed by RedBird Capital and KKR, acquiring nearly 50% of Paramount's class B shares at $15 each, for a total purchase price of $4.5 billion. Additionally, $1.5 billion in cash would be injected into Paramount's balance sheet to alleviate debt. Redstone also stands to receive $2 billion for National Amusements under the terms of the deal. Ownership Structure 🏢 Post-merger, Skydance and RedBird would hold a two-thirds stake in Paramount, with class B shareholders retaining the remaining third and gaining equity in the new entity. The negotiated terms aim to solidify Paramount's future while addressing financial concerns. Shareholder Approval 🗳️ The deal is anticipated to bypass shareholder voting, a notable aspect of the negotiations. Paramount's annual shareholder meeting is scheduled for Tuesday, though no deal announcement is expected before the meeting, according to insiders. Revised Valuation 📈 The merger is valued at $8 billion, marking an increase from previous offers. Earlier proposals, including one from Apollo Global Management and Sony Pictures, valued Paramount at $5 billion. Paramout stock jumped on the news. Top Winners and Losers 🔥 Avalon Globocare [ALBT] $1.23 (+316%) rallied after it published its Form 10-Q quarterly report before Friday’s opening bell. It’s unclear why the stock underwent such a dramatic move. Affirmed NV [AFMD] $7.33 (+68.5%) published new clinical data from an ongoing clinical study of AFM24-102 in non-small cell lung cancer patients. Bio Path [BPTH] $3.23 (+56.8%) presented upbeat data from an ongoing Phase 2 study of prexigebersen (BP1001) in leukemia patients. Calamp [CAMP] $1.01 (62.1%) filed for Chapterr 11 bankruptcy and reached a deal to be taken private by its principal secured lender, Lynrock Lake Master Fund. Ault Disruptive Tech [ADRT] $21.89 (51.3%) retreated after rallying 233% on Friday. The SPAC issued a statement claiming it had no explanation for the sudden bout of volatility. Greenwave Tech [GWAV] $4.27 (26.4%) began trading on a 1-for-50 reverse split-adjusted basis at the open of today’s trading session, after announcing the move last week. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. 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