First Look: PayPal Surges on $53B Stripe Bid, IBM Plunges on Earnings Warning

This is Guru Focus first look, your morning market brief for Wednesday, July 15. Here are the stories driving markets today. PayPal shares are surging nearly 16% in pre-market trading as Stripe and Advent International submitted a $53 billion takeover offer.The bid represents a 28% premium to PayPal's previous closing price and signals renewed consolidation activity in the payment sector. Turning now to IBM, shares of the technology giant plunged 25%, marking the worst single-day decline in the company's hi ...