Stocks Move on Buyout News, Outlooks, and Quarterly Results

Pioneer Natural Resources stock surged on reported $60B buyout deal with Exxon Mobil. Exxon shares fell.

Levi Strauss cut full-year sales outlook; revenue missed, earnings beat. CEO cited inflation affecting consumer purchases.

Philips stock dropped as FDA said recall handling of sleep apnea devices inadequate; more testing required. Rival ResMed stock rose.

Tesla shares fell after EV production/deliveries missed estimates. Price cuts made on some Model 3, Y vehicles.

Apellis stock rose on growing sales report for its Syfovre drug. JPMorgan upgraded on projected success.