By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, September 14th. Please refresh for updates.
Oracle (NYSE:ORCL) stock rose 7.5% after reports that the tech giant has beaten out rival bidder Microsoft (NASDAQ:MSFT), down 0.7%, to take over the U.S. operations of TikTok, the popular video app.
Nvidia (NASDAQ:NVDA) stock rose 6.1% after agreeing to buy U.K.-based chip designer ARM from Japan's SoftBank for as much as $40 billion, in a deal set to reshape the global semiconductor landscape.
Pfizer (NYSE:PFE) stock rose 2.3% after its CEO said over the weekend that it was a “likely scenario” that the pharma giant could have a Covid vaccine to roll out to Americans by the end of the year. The shares of BioNTech (NASDAQ:BNTX), with which Pfizer is jointly developing the vaccine, rose 3.6%.
Gilead (NASDAQ:GILD) stock fell 2.3% after announcing it will acquire biopharmaceutical company Immunomedics (NASDAQ:IMMU) for a hefty $21 billion, a move it hopes will strengthen its cancer portfolio by gaining access to a promising drug. Immunomedics stock rose 106%.
It comes only weeks after an embarrassing setback for Gilead in late-stage trials of an experimental drug for rheumatoid arthritis.
Amazon (NASDAQ:AMZN) stock rose 1.4% after announcing it is recruiting 100,000 more workers, its fourth hiring spree in the United States this year, to keep pace with e-commerce demand that jumped during the pandemic.
Tesla (NASDAQ:TSLA) stock rose 1.8%, rebounding after wild swings last week. The stock took a hit from not getting into the S&P 500 at the last index rejig, but some think its inclusion is just a matter of time.
AstraZeneca (NYSE:AZN) ADRs rose 0.7% after the pharma giant announced over the weekend that it has restarted its late-stage trial of its Covid-19 vaccine candidate. It had to stop the trial last week after a patient became unwell.
Delta Air Lines (NYSE:DAL) stock rose 1.3% after the airline announced plans for a $6.5 billion capital raise, backed by its frequent flyer program. This likely means the airline won’t be taking more money from the government, with the restrictions that implies.
- Nikola (NASDAQ:NKLA) stock fell 3%, continuing its recent selloff after Hindenburg Research accused the automotive company of fraud. The company’s founder, Trevor Milton, refuted the claims on his Twitter as “a one-sided false claim”, but the stock continues to fall.
- Verizon (NYSE:VZ) stock rose 1.4% after announcing it will buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a $6.25 billion cash and stock deal.