By Francesca Fontana
The Score is a weekly review of the biggest stock moves and the news that drove them.
23andMe
Co-founder Anne Wojcicki is set to regain control of DNA-testing company 23andMe.
23andMe said late Friday that TTAM Research Institute, Wojcicki's nonprofit, was offering $305 million for the company's assets.
Last month, 23andMe said that biotech firm Regeneron had won the bidding during a bankruptcy auction to buy the company for $256 million. The bidding reopened after TTAM made its unsolicited offer.
Wojcicki's two past offers to take the company private were rejected by two different boards of directors: one board resigned en masse, and the second put the company into bankruptcy.
Meanwhile, customers' fears over what will happen to their genetic data has sparked a congressional hearing and a lawsuit from 28 state attorneys general seeking to block a sale.
23andMe shares plunged 24% Monday.
Victoria's Secret
Activist investor Barington Capital Group believes Victoria's Secret hasn't lived up to its full potential.
Barington said Monday that it owns a stake of over 1% in the lingerie retailer and intends to keep buying more shares, confirming an earlier report by The Wall Street Journal.
In a letter addressed to Chairwoman Donna James, the activist said that it plans to push Victoria's Secret to refresh its board and refocus on its core bra business to turn around its stock performance.
The investor's arrival adds to the pressure that Victoria's Secret is already facing from another large disgruntled shareholder -- Australian billionaire Brett Blundy.
Victoria's Secret shares rose 2.4% Monday.
U.S. Steel
Japan's Nippon Steel has completed its purchase of U.S. Steel after reaching a national-security agreement with the White House.
President Trump's executive order on June 13 allowed the acquisition to move forward after months of discussions. Nippon's purchase of U.S. Steel was completed on Wednesday.
The agreement with the White House calls for Nippon to invest roughly $14 billion in U.S. Steel's domestic operations over the next three years and build a new steel mill after 2028. The pact also includes an issuance of a so-called golden share to the U.S. government, giving it authority over U.S. Steel's production and trade matters.
U.S. Steel shares jumped 5.1% Monday.
Renault
The head of French carmaker Renault is stepping down to become the boss of Gucci-owner Kering.
Kering on Monday named Renault's Luca de Meo as its new CEO, as billionaire heir François-Henri Pinault steps back.
De Meo will take the helm on Sept. 15, subject to shareholder approval, Kering said. Pinault will remain chairman. De Meo's last day at Renault will be July 15.
De Meo has more than three decades of experience in the automotive industry. He helped turn Fiat's modern 500 into a cultural icon, and refocused Renault by slimming its model range and boosting profitability in hybrids and electric vehicles.
American depositary shares of Renault fell 7.9% Monday.
SunRun
Solar stocks such as SunRun, Enphase Energy and First Solar slid after Senate Republicans maintained a full phaseout of solar and wind-energy tax credits in Trump's budget megabill.
On Monday, Senate Republicans proposed major revisions of the House's giant tax-and-spending bill. The Senate's plan creates a longer runway before the end of clean-energy tax credits that were created in Democrats' 2022 Inflation Reduction Act.
The proposed revisions also include offering more permanent business tax breaks, deeper cuts to Medicaid, and a much lower cap on the state and local tax deduction.
Senate Republicans are trying to pass the bill as soon as next week.
SunRun shares plummeted 40% Tuesday.
Accenture
One of the country's largest consulting firms posted mixed results for its latest quarter.
Accenture reported higher revenue and a profit and disclosed positive guidance but said its bookings fell. The company also announced plans to bring its strategy, consulting, song, technology and operations services into a single unit.
The firm and its rivals have been under pressure this year as the Trump administration has pushed to rein in federal spending, asking consulting firms to defend their government contracts. Accenture in March warned investors that it was already feeling the squeeze from those efforts.
Accenture shares dropped 6.9% Friday.
Our weekly markets news roundup is now part of the WSJ's What's News podcast. Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Check out What's News in Markets at wsj.com/podcasts or wherever you listen.
Write to Francesca Fontana at francesca.fontana@wsj.com.
(END) Dow Jones Newswires
June 20, 2025 16:43 ET (20:43 GMT)
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