Stock futures are up after the S&P 500 hit a record close on the heels of inflation figures that were the highest in decades. Here’s what we’re watching in Monday’s trading:
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shares rocketed 92% higher premarket on reports that it was to be acquired by
for $100 a share. Pfizer’s own shares added 1.2% premarket after an Israeli study said its booster shots were effective against the Omicron variant. UBS lifted its rating of Pfizer’s stock to a buy and raised its price target.
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was up ahead of the bell, by 3.5%. The company applied for emergency use for its Covid-19 vaccine in the United Arab Emirates. Fellow vaccine maker
also added 1.8%.
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shares climbed 12% premarket after it said its electric-vehicle division plans to go public in a merger with a special-purpose acquisition company. Harley-Davidson said its LiveWire electric-motorcycle arm would merge with
a SPAC, to make LiveWire publicly traded. The deal gives LiveWire an enterprise value of about $1.77 billion. The SPAC’s shares gained 3.5%.
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shares were up 2.7% premarket, clawing back some of Friday’s losses that came after the company’s bike became associated with the demise of a character in “And Just Like That,” a reboot of “Sex and the City.” But the stock dive also could have been coincidence, as
earlier that day cut its price target for Peloton to $50 from $112 on concerns of slowing growth.
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nudged up 0.1% premarket. The auto maker plans to invest more than $3 billion to make electric vehicles in Michigan, good news for the car maker’s home state after Southern states snared recent auto projects.
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climbed 11% ahead of the bell. The biotech said its study data showed a sustained clinical response to a treatment for sickle-cell anemia.
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shares jumped 28% premarket after it said it had received positive results in a trial for a treatment of chronic cough.
- Shares of
climbed 40% premarket after
said it would collaborate with the company for novel oncology targets using Foghorn’s proprietary gene traffic control platform.
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and
are due to report earnings after the close.
Chart of the Day
- Lithium prices are rising at their fastest pace in years, setting off a race to secure supplies and fueling worries about long-term shortages of a vital ingredient in the rechargeable batteries that power everything from electric vehicles to smartphones.
Write to James Willhite at james.willhite@wsj.com
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Read More: Arena, Harley-Davidson, Bluebird Bio, Peloton: What to Watch in the Stock Market Today