28 minutes ago
Stocks Making the Biggest Premarket Moves: Intel, Synopsys and More
Check out the companies making headlines before the bell:
- Intel — Semiconductor stocks rose 2.2% following news that the Israeli government agreed to give Intel $3.2 billion for a new $25 billion chip factory that the company plans to build in southern Israel. This makes this investment the largest ever by a company in Israel, Reuters reported.
- Manchester United — Shares of the football club rose 4.3% after British billionaire Jim Ratcliffe finalized a deal to buy a quarter of Manchester United. Ratcliff will pay $33 per share. Shares closed at $19.84 on Friday.
- Gracell Biotechnologies — The stock jumped nearly 60% after pharmaceutical giant AstraZeneca announced plans to buy the Chinese cell therapy company for up to $1.2 billion. Shares of AstraZeneca fell less than 0.1%.
For the full list, read here.
— Pia Singh
An hour ago
Bristol Myers Squibb to buy RayzeBio
Bristol Myers Squibb announced Tuesday that it is acquiring radiopharmaceuticals 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 premarket trading.
“This transaction enhances 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, Chief Executive Officer of Bristol Myers Squibb.
3 hours ago
Stock futures are up to start the week
Stock futures were slightly higher Tuesday morning as traders tried to maintain the momentum seen in recent weeks.
Dow Jones Industrial Average futures rose 43 points, or 0.1%. S&P 500 futures gained 0.1% and Nasdaq-100 futures climbed 0.2%.
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