Stocks to Watch Recap: Costco, Akamai Technologies, People -- WSJ

By WSJ Staff

Akamai Technologies (AKAM): An $11.6 billion cloud-services deal with Anthropic sent shares in the company soaring 20% premarket, but enthusiasm faded throughout the day and shares closed only 3.2% higher.

People (PPLI): Barry Diller's company has gone from potential acquirer of MGM Resorts International (MGM) to a possible target for the casino operator, The Wall Street Journal reported. Shares in People climbed 11%.

Nanexa (SE:NANEXA): Ozempic maker Novo Nordisk agreed to pay up to $1.3 billion to license and develop the Swedish pharmaceutical company's drug-delivery technology, which could help cut the frequency with which patients need to inject obesity and diabetes drugs. Shares of Nanexa more than doubled.

Costco Wholesale (COST): The company reported a higher profit and rising sales in its fiscal fourth quarter, citing continued spending from consumers undeterred by sticky inflation. Shares ticked 2.9% higher.

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(END) Dow Jones Newswires

September 25, 2026 17:37 ET (21:37 GMT)