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S&P 500 Gains and Losses Today: AES and Pharma Stocks Soar; Corteva Drops

1. AES shares surged nearly 17% on acquisition rumors. 2. BlackRock's Global Infrastructure Partners may acquire AES for $38 billion. 3. This potential deal is one of the largest infrastructure takeovers ever. 4. Major U.S. indices also experienced gains amid other market activities. 5. Corteva's stock dropped due to a split into two independent companies.

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FAQ

Why Very Bullish?

The acquisition talks by BlackRock could greatly enhance AES's market position, akin to past significant acquisitions in the utilities sector that drove stock prices up considerably.

How important is it?

The news indicates a significant shift in AES’s business landscape, suggesting substantial upside potential and interest from major investment firms.

Why Long Term?

If the deal materializes, it may lead to sustained growth and integration efficiencies that benefit AES over time, similar to Duke Energy's merger with Progress Energy.

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