Penn Entertainment (NASDAQ:PENN) dropped 8.2% after an analyst stated that a strategic review is unlikely due to a clear ESPN Bet product roadmap, upcoming football season, and volatile interest rates impacting M&A.
Cerevel Therapeutics (NASDAQ:CERE) shares fluctuated amid concerns about the FTC's closed-door meeting potentially affecting AbbVie's planned $8.7 billion acquisition of the company.
Whirlpool Corp. (NYSE:WHR) rose 7% on Wednesday due to vague takeover speculation, with a market cap of $4.8 billion and 15.5% short interest.
Ready Capital (NYSE:RC) has acquired Madison One Capital, M1 CUSO, and Madison One Lender Services, firms specializing in USDA and SBA guaranteed loan products.
