Business

Biogen, JetBlue, Didi and others

Pay attention to the companies that made the headlines before the call:

Biogen (BIIB) – Biogen fell 6.5% in premarket after Samsung denied a report in the Korea Economic Daily that it was in talks to buy Biogen and merge it with its biotech division. Biogen shares jumped 9.5% on Wednesday following the report.

JetBlue (JBLU) – The airline has cut nearly 1,300 flights from its schedule through January 13 as it battles a spike in Covid-19 infections among its flight personnel. Premarket JetBlue shares fell 1%.

Didi Global (DIDI) – Shares in Chinese passenger delivery company dropped 3.2% in premarket after it reported a 1.7% decline in third-quarter revenue and a $ 4.7bn loss as a result. repressive measures by the regulatory authorities. Didi shares were down 8.2% on Wednesday in 12 of their last 15 trading days.

RR Donnelley (RRD) – A business communications and marketing services company received an unsolicited optional offer to acquire at $ 11 per share in cash. RR Donnelley has already signed an agreement for the subsidiaries to acquire private equity firm Chatham Asset Management at $ 10.85 per share. Donnelley shares jumped 3.1% in premarket trading.

Virgin Orbit (VORB) – Satellite company Virgin Galactic, which launches satellites, will begin trading under the Virgin Orbit name and ticker on the Nasdaq today after shareholders of NextGen Acquisition Corp. II approved the merger. …

Micron Technology (MU) – Shares in the memory chip maker lost 1.5% in premarket after the company warned that a Covid-19 limitation at a Chinese technology center in Xi’an would affect production. Samsung Electronics, also one of the largest manufacturers of memory chips, issued a similar warning.

Johnson & Johnson (JNJ) – A booster dose of J&J Covid-19 vaccine was found to be 85% effective in preventing hospitalizations in a peer-reviewed South African study.

Microstrategy (MSTR) – Shares in a business intelligence company rose 1.1% in the premarket, tracking the rise in bitcoin prices. Microstrategy has multi-billion dollar Bitcoin holdings on its balance sheet.


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