BT Deal, BAT Cuts, Prosus Rises

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Verizon Communications and the UK’s BT have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion. - British American Tobacco is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.- Prosus said profit more than doubled in the last fiscal year, beating analysts’ estimates as growth in the tech investment company’s e-commerce businesses and an increase in the value of the stake it owns in China’s Tencent boosted earnings.See omnystudio.com/listener for privacy information.