World News – USA – Stocks Making The Biggest Moves In The Pre-Market: Alphabet, Pfizer, Alexion Pharmaceuticals, CureVac & More

Alphabet (togetL) â ???? Several Google services, including Gmail and YouTube, had widespread outage this morning for an undetermined reason. « For some users the service has already been restored and we expect a solution for all users in the near future, » said a statement by Google. « Please note that this time frame is an estimate and is subject to change. « Alphabet’s shares were slightly lower in premarket trading.

Pfizer (PFE) â ???? Pfizer received emergency approval from the Food and Drug Administration for the Covid-19 vaccine, which was developed in collaboration with German company BioNTech (BNTX). Over the weekend, trucks rolled out of Pfizer’s manufacturing facility in Kalamazoo, Michigan. Pfizer stock gained 1. 4% in the pre-market.

Alexion Pharmaceuticals (ALXN) â ???? Alexion agreed to be bought by AstraZeneca (AZN) in a cash-and-stock deal valued at $ 39 billion, valued at $ 175 per share, compared to Alexion’s Friday closing of $ 120 -Dollar. 98. The move will help expand AstraZeneca’s presence in the treatment of rare diseases. The Alexion share gained 32% in premarket trading.

CureVac (CVAC) â ???? CureVac has registered its first participant in a clinical trial for the German biotech company’s vaccine candidate Covid-19. According to CureVac, more than 35. 000 people in Europe and Latin America take part in the study. CurVac shares jumped 5. 8% in the pre-market.

Electronic Arts (EA) â ???? Electronic Arts announced a purchase agreement for U. K. . -based video game maker Codemasters for $ 1. 2 billion in cash, surpassing a previous deal for Codemasters signed by Take-Two Interactive (TTWO). Take-Two said it was considering its position after the news and said it would make another announcement if necessary. EA shares rose 1. 6% in the pre-market.

TCF Financial (TCF) â ???? TCF agreed to be bought by Huntington Bancshares (HBAN) for approximately $ 6 billion worth of shares. The price corresponds to an 11 percent premium for TCF shareholders based in Detroit. TCF shares slipped 2. 5% in premarket retail.

Public Storage (PSA) â ???? Public Storage confirmed a report in the Wall Street Journal that activist investor Elliott Management had appointed six directors to the self-storage company’s board of directors. The Journal said Elliott had built a significant stake in public storage but the nature of the conversations could not be learned. Public storage stocks increased by 2. 7% in the pre-market.

Airbnb (ABNB) â ???? Airbnb received a double downgrade from Gordon Haskett Research Advisors, which lowered the stock’s rating from « Buy » to « Underperform ». « Haskett said valuation has stretched for the newly public stocks and that an » overwhelming majority « of the investors we speak with are keen to realize their quick gains. The company’s shares fell 2. 8% in premarket retail.

Virgin Galactic (SPCE) â ???? Virgin Galactic said its final test flight did not reach space as planned because a firing sequence could not be completed. The pilots, the mothership and the spaceship returned safely to Earth after the flight on Saturday. Virgin Galactic Shares Down 14% In The Pre-Market.

State Street (STT) â ???? State Street and UBS (UBS) are in talks to merge their wealth management businesses, according to people familiar with the matter who spoke to the Wall Street Journal. The two companies are said to have started talks earlier this year and were reportedly close to reaching an agreement at one point in the summer. State Street stocks rose 1. 3% in premarket trading.

Housing Investment and Management (AIV) â ???? The Real Estate Investment Trust will be removed from the S&P 500 on Friday to make way for Tesla (TSLA). . Apartment Investment is spinning off its Apartment Income REIT and expects to complete the move today. Apartment Investment and Management shares fell 4% in the pre-market.

United Airlines (UAL) â ???? United increased its estimated cash burn rate for the current quarter from previously $ 15 million to $ 20 million to $ 26 billion per day as the aviation industry has been hit by a surge in Covid-19 cases. United shares rose 2. 2% in premarket trading.

Tesla (TSLA) â ???? According to an email sent to CNBC’s factory staff, Tesla will discontinue its Model X and Model S production lines starting Jan.. December closes for 18 days. Tesla shares rose 1. 5% in the pre-market.

NOK (NOK) â ???? The share offering of the China-based electric car maker was $ 39 per American Depositary Share, compared to $ 41 as of Friday’s close of trading. 98. The proceeds will be used for research and development, the expansion of the sales and service network and for general corporate purposes. The Nio shares lost more than 5% in premarket trading.

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