Plug Power's Uzbekistan plant, Novo Nordisk activist investor
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Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including Plug Power's (PLUG) $5.5 billion venture to build out a green chemical facility in Uzbekistan and activist investor Parvus Asset Management Novo Nordisk (NVO) reportedly building up a stake in the pharmaceutical giant.
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It's time for Yahoo Finance's market minute. Stocks muted as investors await insights from a second day of US-China trade talks in London. Commerce Secretary Harold Ludnick saying the discussions are quote going well. Shares of Plug Power extending gains after surging over 25% on Monday. The green energy company announcing a new project to build a $5.5 billion green chemical production facility in Uzbekistan. Plug is partnering with Australian company Allied Green Ammonia on the project as well. Novo Nordisk is getting a boost on reports the activist investor Parvus Asset Management is building a stake in the Danish pharmaceutical giant. This is according to reporting from the FT. Parvus was reportedly interested in helping appoint the company's new CEO. Novo's former chief executive was ousted last month as the company lose market share in the weight loss drug space to Eli Lilly. That's Yahoo Finance's market minute. For more on what's trending, scan the QR code below.