Stock Market Update: Walgreens, Mobileye Drop; Peloton, Lamb Weston Rise

APA Corp. announces $4.5 billion acquisition of Callon Petroleum, while Mobileye faces a significant drop following disappointing forecast.

Walgreens Boots Alliance Inc. cut its dividend nearly in half to conserve cash, leading to a drop in its stock price.
Lamb Weston Holdings Inc. reported stronger profit for the latest quarter than analysts expected, resulting in a rise in its stock price.
Peloton Interactive Inc. announced a partnership to bring its workout content to TikTok, causing a slight increase in its stock price.
APA Corp. is acquiring Callon Petroleum in an all-stock deal valued at roughly $4.5 billion, including debt.
Mobileye Global Inc. forecast full-year results well below what analysts were expecting, leading to a significant drop in its stock price.