Check out the companies that make headlines before the alarm goes off:
Biogen (BIIB) – Biogen up 45.6% in pre-market trading after Biogen and its Japanese counterpart Eisai In one study, their experimental Alzheimer’s drug significantly slowed disease progression, reducing functional and cognitive decline by 27%.
Thor Industries (THO) – Thor Industries rallied 3.6% in money markets after the entertainment-media maker reported better-than-expected profit and revenue for its latest quarter. Thor has seen exceptional strength in its motorized RV segment, with a 24.5% year-over-year increase.
Lyft (LYFT) – Lyft says it will freeze hiring later this year. That follows the ride-hailing company’s previous statement that it would slow hiring “significantly” as it looks to cut costs. Lyft is down 2.5% in pre-market trading.
Apple (AAPL) – Apple is said to be shedding its plans to increase production of its new iPhone 14 series, people familiar with the matter have told Bloomberg. That came after the predicted spike in demand failed to materialize. Apple dropped 3.7% in pre-sales.
Ocugen (OCGN) – Ocugen jumped 8.2% in premarket trading after the drugmaker announced a licensing agreement with Washington University in St. Louis to develop, commercialize and manufacture the intranasal Covid-19 vaccine.
Walt Disney (DIS) – Walt Disney will close four Florida theme parks and related properties as the state is hit by Hurricane Ian, which was upgraded to a Category 4 hurricane this morning.
BlackBerry (BB) – BlackBerry reported a smaller-than-expected quarterly loss and revenue that beat analysts’ forecasts, but the communications software company’s cybersecurity revenue fell amid a downturn. Consumers spend cautiously.
Canopy growth (CGC) – Canopy Growth announced plans to divest its retail operations in Canada, selling stores to partner OEG Retail Cannabis and cannabis retailer 420 Investments. The sales come after the cannabis producer announced earlier this year that it was extending its timeframe to reach profitability. Shares of Canopy Growth fell 1.8% in money markets.