Major Stock Market Shifts: Oracle and Hasbro Fall, Icosavax and Perion Network Rise

AstraZeneca Acquires Icosavax, Perion Network Buys Hivestack Amid Market Changes

Oracle Corp.'s fiscal second-quarter revenue fell short of analysts' forecasts, causing a drop in stock value.
Hasbro Inc. is cutting about 1,100 jobs, or 20% of its workforce, leading to a decrease in stock price.
Choice Hotels International Inc. is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal were rebuffed.
AstraZeneca is buying vaccine maker Icosavax Inc. for about $838 million, causing an increase in Icosavax's stock price.
Perion Network Ltd. is buying Hivestack for up to $125 million, leading to a rise in Perion's stock value.