Alphabet Buys Constellation, Marvell Technology Gains, Empire State Realty Trust | Stock Movers

By Bloomberg Podcasts

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Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Google parent Alphabet (GOOGL) agreed to buy nuclear power from Constellation Energy Corp. in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. The agreement will add 890 megawatts of new reactor capacity and the electricity will start arriving on the grid as soon as 2028, with Constellation shares rising as much as 15% in New York. The deal is part of a trend of tech companies investing in nuclear energy to support their operations, with other companies such as Amazon.com Inc., Walmart Inc., and Microsoft Corp. also signing agreements with Constellation and other nuclear power producers. Constellation shares rose as much as 15% in New York, in biggest intraday jump since April, while Alphabet’s stock fell as much as 0.5%. - Marvell Technology (MRVL) shares rise as much as 11%,

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