Virgin Galactic, Krispy Kreme, Apollo Global and more



Take a look at some of the biggest drivers in the premarket:

Virgin Galactic (SPCE) – Shares of Virgin Galactic climbed 28.2% in the pre-market after announcing that founder Richard Branson was planning to participate in a space flight scheduled for July 11. The flight would take place 9 days before a scheduled Blue Origin flight took its founder, Amazon’s Jeff Bezos, into space.

Didi (DIDI) – Shares in the Chinese ridesharing company have foregone a pre-market gain, following news that the Chinese cyberspace administration will conduct a cybersecurity investigation into Didi’s operations. He also asked Didi to stop new user registrations while the investigation is ongoing. Didi shares fell 5.5% pre-market on the news.

Krispy Kreme (DNUT) – Shares of the donut chain fell 5% in pre-market trading, returning some of the 23.5% gain recorded on Thursday’s first day of trading. Krispy Kreme returned to the public markets yesterday, five years after going private.

Apollo Global (APO) – The private equity firm said it would buy up to 24.9% stake in fintech investor Motive Partners, with the Wall Street Journal reporting the deal valuing Motive at around $ 1 billion of dollars. Apollo fell 2.4% in pre-release.

Johnson & Johnson (JNJ) – J&J has said its Covid-19 vaccine shows promise against the Delta variant and other emerging strains of the virus. He also said the immune response in those vaccinated had lasted for at least eight months.

Raytheon Technologies (RTX) – The defense contractor has won a $ 2 billion contract with the Air Force to produce a nuclear cruise missile. The design and manufacture of the missile is expected to be completed in February 2027.

Verizon (VZ) – Verizon has told regulators it will continue to support low-cost wireless services if it is allowed to close its $ 6.9 billion deal to buy prepaid mobile provider Tracfone .

Tesla (TSLA) – A lawyer for a driver in Pennsylvania told Reuters that a Tesla Model S Plaid caught fire while the owner was driving, just three days after delivery. Tesla did not immediately comment.

GlaxoSmithKline (GSK) – The drugmaker responded to a letter sent by activist investor Elliott Advisors, saying it welcomes all constructive contributions from shareholders who support long-term value creation. Elliott had disclosed a stake in Glaxo earlier this week and urged him to consider selling his healthcare unit to consumers, among other suggestions.

PNC Financial (PNC) – The banking company received a double upgrade from Wolfe Research for “outperforming” versus “underperforming”. Wolfe believes PNC’s earnings outlook is particularly optimistic given the acquisition of the US unit of Spanish bank BBVA.

CureVac (CVAC) – Shares of the German drugmaker fell 4.1% pre-market, adding to Thursday’s 7.7% drop. This followed the announcement that its Covid-19 vaccine was 48% effective in the updated study results, barely improved from the initial results.



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