Take a look at the businesses making headlines before the bell:
Aerojet Rocketdyne (AJRD) – Aerojet Rocketdyne agreed to be bought by rival defense contractor L3Harris Technologies (LHX) for $4.7 billion, or $58 per share in money. Aerojet Rocketdyne rose 2% within the premarket, while L3Harris fell 1.7%.
Tesla (TSLA) – Tesla shares jumped 3.4% within the premarket after CEO Elon Musk ran a Twitter poll on whether he should remain as Twitter’s chief executive, and that he would abide by the outcomes. Some major Tesla shareholders have expressed concern over Musk attempting to run each corporations, saying Twitter is a serious distraction.
Mesa Air Group (MESA) – Mesa shares surged 6.8% in premarket trading following the airline’s announcement that it’s finalizing a deal to run regional flights for United Airlines (UAL) and that it’s ending its partnership with American Airlines (AAL).
Sinclair Broadcast Group (SBGI) – Sinclair fell 4.4% in premarket trading after the Recent York Post reported that bankruptcy is probably going for Sinclair’s Diamond Sports Group, which operates 21 regional sports networks.
Meta Platforms (META) – The European Commission said it told Meta that the Facebook parent was abusing its dominant position in online classified ads and that it may be violating EU antitrust laws. The EU also said that Meta could possibly be subject to a advantageous of as much as 10% of annual revenue if it determines that those laws were violated. Meta fell 1.4% in premarket motion.
TuSimple (TSP) – TuSimple may announce this week that it’s cutting its staff in half, based on people aware of the matter who spoke to the Wall Street Journal. The self-driving truck startup had about 1,430 employees as of June.
Warner Music Group (WMG) – Warner Music shares rallied 3% within the premarket after Atlantic Equities upgraded the stock to chubby from neutral. The firm said Warner Music has shown that it might probably proceed to deliver growth in streaming despite a difficult economic backdrop.
Moderna (MRNA) – The vaccine maker jumped 3.8% in premarket trading after Jefferies upgraded the stock to purchase from hold, noting a sturdy pipeline beyond Covid treatments.
