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Market close breakdown: Amylyx jumps on trial success, Targa wins long-term ExxonMobil deal, Klarna plunges after weak guidance—top winners and losers.
Editorial companion
At the close, Targa Resources jumped after announcing new 20-year, fee-based integrated midstream agreements with ExxonMobil subsidiaries across gathering, processing, NGL transportation and fractionation in the Permian Basin through 2046, a rare long-dated deal that trades immediate stock cheer for long-term revenue visibility. The clip also highlights Amylyx's late-stage drug success and Klarna's guidance miss, but for investors focused on the energy patch Targa’s headline shows how contracted fee-based cashflows can reprice a midstream name. It's a reminder that in energy, a single contract can matter more than a macro paragraph.
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