Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Shares of the athletic footwear retailer soared in late trading after The Wall Street Journal reported that Dick's Sporting Goods was in talks to buy the company.

Foot Locker reports Q1 sales decline and adjusted net loss amid softer global traffic. Shares surge 81% on $2.4B DICK'S acquisition deal.

The Pittsburgh-based company, which is the largest sporting goods retailer in the country, is nearing a deal to acquire rival Foot Locker, according to the Wall Street Journal. If finalized, the agreement is reportedly worth $2.3 billion and could be wrapped up as early as Thursday.