Chart-Flowserve merger, Nio R&D, Amazon's $10B AI investment

June 04, 2025 10:12 AM PDT | By EODHD

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Chart-Flowserve merger, Nio R&D, Amazon's $10B AI investment — Image source: Kalkine Media

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Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including Chart Industries (GTLS) and Flowserve (FLS) announcing their merger, Nio's (NIO) goals to reduce research and development (R&D) spending, and Amazon (AMZN) planning a $10 billion investment into its North Carolina data centers. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Video Transcript 00:00 Speaker A It's time for your finances market minute. US stocks in higher as Wall Street digests a sharp slowdown in private sector hiring growth. Chart Industries and Flowserve strike a merger deal.

The two companies to combine in all stock merger. The combined company expected to have an enterprise value of about $19 billion. Transaction expects to close in the fourth quarter of 2025. Shares of Neo, they're riding higher as the company aims to reach its fourth quarter break even target by reducing research and development spending. This coming as the Chinese EV maker reports revenue for the first quarter that did miss estimates.

Neo also though forecasting better than expected deliveries for the second quarter. Amazon makes plans to invest $10 billion in North Carolina. Company aiming to expand its AI infrastructure. The investment is expected to create at least 500 new high skilled jobs. And that's your Yahoo Finance market minute.

For more what's trending on Yahoo Finance, scan the QR code below. Related Videos 01:43 Nvidia & CEO Jensen Huang's gains in 2025: A closer look Yahoo Finance Video • 4 minutes ago 02:07 401(k) savings rates reach new record high, according to Fidelity Yahoo Finance Video • 34 minutes ago 05:32 Investors taking on more risk through defense, international ETFs Yahoo Finance Video • 1 hour ago 01:03 Tesla's China sales, Palantir slumps, Spotify coverage Yahoo Finance Video • 1 hour ago View Comments

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