Check out the companies that make headlines before the alarm goes off:
Biogen (BIIB) – Biogen drops 6.5% in money markets after Samsung denied a report in the Korea Economic Daily that it was in talks to buy Biogen and combine it with its biotech unit. Biogen stock was up 9.5% on Wednesday according to that report.
JetBlue (JBLU) – The airline has cut nearly 1,300 flights from its schedule through January 13, as it copes with a spike in Covid-19 infections among its flight staff. JetBlue saw a 1% drop in pre-sale activity.
Global Didi (DIDI) – Shares of the China-based ride-hailing company fell 3.2% in pre-market trading after it reported a 1.7% drop in third-quarter revenue and a $4.7 billion loss. stemming from a regulatory crackdown. Didi fell 8.2% on Wednesday and has fallen in 12 of the past 15 trading days.
RR Donnelley (RRD) – The media and marketing services company has received an unsolicited, non-binding acquisition offer for $11/share in cash. RR Donnelley had an agreement to be acquired by affiliates of private equity firm Chatham Asset Management for $10.85 per share. Shares of Donnelley rose 3.1% in pre-market trading.
Virgin Orbit (VORB) – Space travel company’s satellite launch event Virgin galaxy will begin trading under the Virgin Orbit name and ticker on Nasdaq today after the company’s shareholders check the blank NextGen Acquisition Corp. II approved the merger earlier this week.
Micron Technology (MU) – Shares of the memory chip maker lost 1.5% in the money market after it warned that Covid-19 restrictions in China’s tech hub Xi’an would affect manufacture. Samsung Electronics, also one of the world’s largest memory chip manufacturers, issued a similar warning.
Johnson & Johnson (JNJ) – A booster dose of the J&J Covid-19 vaccine was found to be 85% effective in preventing hospitalization in a South African study, which has yet to be peer-reviewed.
Microstrategy (MSTR) – Shares of the business analytics firm rose 1.1% in the currency markets, tracking the rise in the bitcoin price. Microstrategy has several billion dollars worth of bitcoin holdings on its balance sheet.
