40 minutes ago
Stocks seeing the biggest moves premarket: Intel, Synopsys and more
Check out the companies making headlines before the bell:
- Intel – Semiconductor shares rose 2.2% after news that the Israeli government has agreed to give Intel $3.2 billion for a new $25 billion chip factory the company is building in the south Israel wants to build. This makes the investment the largest ever made by a company in Israel, Portal reported.
- Manchester United – The soccer club’s shares rose 4.3% after British billionaire Jim Ratcliffe struck a deal to buy a quarter of Manchester United. Ratcliff will pay $33 per share. Shares closed at $19.84 on Friday.
- Gracell Biotechnologies – Shares rose nearly 60% after pharmaceutical giant AstraZeneca said it would buy the China-based cell therapy company for up to $1.2 billion. AstraZeneca shares lost less than 0.1%.
The full list can be found here.
—Pia Singh
An hour ago
Bristol Myers Squibb will buy RayzeBio
Bristol Myers Squibb said Tuesday it will acquire radiopharmaceutical therapeutics company RayzeBio for $62.50 per share. The deal values RayzeBio at $4.1 billion and is expected to close in the first half of 2024.
Bristol shares rose slightly while RayzeBio doubled in value premarket.
“This transaction expands our increasingly diversified oncology portfolio by providing a differentiated platform and pipeline and further strengthens our growth opportunities in the second half of the decade and beyond,” said Christopher Boerner, CEO of Bristol Myers Squibb.
—Fred Imbert
3 hours ago
Stock futures are rising at the start of the week
Stock futures were slightly higher on Tuesday morning as traders looked to maintain their momentum from recent weeks.
Dow Jones Industrial Average futures rose 43 points, or 0.1%. S&P 500 futures rose 0.1% and Nasdaq 100 futures rose 0.2%.
—Fred Imbert