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XPeng, VinFast, Hostess Brands: Trending Stocks

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Chinese EV maker XPeng (XPEV) signs a $744 million development deal with ride-share giant Didi (DIDIY). VinFast (VFS) shares have extended gains since its IPO debut two weeks ago. Hostess Brands (TWNK) is reportedly exploring a sale amid takeover interest from General Mills (GIS), Mondelez International (MDLZ), PepsiCo (PEP), and Hershey (HSY). Yahoo Finance Live takes a look at some of the leading industry headlines after Monday's closing bell.

Going on a boating trip soon? Here are some hilarious scenarios you may encounterLast week, it was announced the UAE would be joining India in the ranks of the BRICS trade bloc.Increased analysts' estimates since Nvidia's strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months.

At that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data. -- China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.

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Xpeng Soars After Buying Didi Unit to Consolidate Market(Bloomberg) -- Xpeng Inc.’s shares soared after it agreed to buy Didi Global Inc.’s smart-car development arm in a deal that both eliminates a potential competitor in the crowded electric-vehicle market and gives it a tech-savvy partner in a new venture. Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion
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