Market-Moving News for March 31st

Allbirds has entered into a definitive asset sale agreement with American Exchange Group for $39 million, which will lead to the company's subsequent dissolution and distribution to stockholders. This news has resulted in a 44% increase in Allbirds' stock price. Additionally, McCormick & Company shares rose 5% following better-than-expected Q1 financial results, while Virgin Galactic's stock increased by 24% due to positive Q4 earnings and progress on their first SpaceShip.