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Area, Harley-Davidson, Bluebird Bio, Peloton: What to Watch When the Inventory Market Opens In the present day

Area, Harley-Davidson, Bluebird Bio, Peloton: What to Watch When the Inventory Market Opens In the present day

Inventory futures are up after the S&P 500 hit a report shut on the heels of inflation figures that had been the very best in many years. Right here’s what we’re watching in Monday’s buying and selling:

  • Area Prescribed drugs

    ARNA -5.33%

    shares rocketed 92% greater premarket on stories that it was to be acquired by


    PFE 1.34%

    for $100 a share. Pfizer’s personal shares added 1.2% premarket after an Israeli research stated its booster pictures had been efficient in opposition to the Omicron variant. UBS lifted its ranking of Pfizer’s inventory to a purchase and raised its worth goal.

Signage exterior Pfizer headquarters in New York, Nov. 7, 2021.


Stephanie Keith/Bloomberg Information

  • Novavax

    NVAX -6.10%

    was up forward of the bell, by 3.5%. The corporate utilized for emergency use for its Covid-19 vaccine within the United Arab Emirates. Fellow vaccine maker


    MRNA -5.57%

    additionally added 1.8%.

  • Harley-Davidson

    HOG -0.57%

    shares climbed 12% premarket after it stated its electric-vehicle division plans to go public in a merger with a special-purpose acquisition firm. Harley-Davidson stated its LiveWire electric-motorcycle arm would merge with

    AEA-Bridges Influence,

    IMPX 0.20%

    a SPAC, to make LiveWire publicly traded. The deal offers LiveWire an enterprise worth of about $1.77 billion. The SPAC’s shares gained 3.5%.

  • Peloton Interactive

    PTON -5.38%

    shares had been up 2.7% premarket, clawing again a few of Friday’s losses that got here after the corporate’s bike turned related to the demise of a personality in “And Simply Like That,” a reboot of “Intercourse and the Metropolis.” However the inventory dive additionally may have been coincidence, as

    Credit score Suisse

    earlier that day minimize its worth goal for Peloton to $50 from $112 on issues of slowing progress.

  • Basic Motors

    GM 6.02%

    nudged up 0.1% premarket. The auto maker plans to make investments greater than $3 billion to make electrical automobiles in Michigan, excellent news for the automobile maker’s dwelling state after Southern states snared current auto tasks.

  • Bluebird Bio

    BLUE -4.48%

    climbed 11% forward of the bell. The biotech stated its research knowledge confirmed a sustained medical response to a remedy for sickle-cell anemia.

  • Bellus Well being

    BLU -1.23%

    shares jumped 28% premarket after it stated it had acquired constructive leads to a trial for a remedy of power cough.

  • Shares of

    Foghorn Therapeutics

    FHTX 4.26%

    climbed 40% premarket after

    Eli Lilly

    LLY 0.51%

    stated it will collaborate with the corporate novel oncology targets utilizing Foghorn’s proprietary gene site visitors management platform.

  • Backblaze,

    BLZE -8.72%

    Claros Mortgage Belief

    CMTG 2.50%


    PHX Minerals

    PHX 11.34%

    are as a consequence of report earnings after the shut.

Chart of the Day
  • Lithium costs are rising at their quickest tempo in years, setting off a race to safe provides and fueling worries about long-term shortages of a significant ingredient within the rechargeable batteries that energy every part from electrical automobiles to smartphones.

Write to James Willhite at

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