Check out the companies making headlines before the opening bell: Starbucks – Shares of the coffee chain jumped almost 2% after CNBC reported that Starbucks China has drawn bids for a potential stake sale that value the subsidiary at up to $10 billion. While shortlisting could be done in two months, the deal itself likely won’t be completed by the end of this year. AES – The stock jumped nearly 14% following a Bloomberg report that the energy company was exploring a potential sale amid interest from infrastructure investors. Verona Pharma — Shares surged 20% after Merck bought UK-based Verona Pharma in a roughly $10 billion deal to expand its respiratory treatment portfolio. Merck shares ticked slightly higher. UnitedHealth — The health insurer saw shares dipping more than 1% after The Wall Street Journal reported the Justice Department’s criminal healthcare-fraud unit is investigating the company’s Medicare billing practices, citing people familiar with the matter. SolarEdge Technologies — The solar stock fell more than 2% in premarket after Goldman Sachs downgraded the name to neutral from buy, citing general market uncertainty across the residential sector. Mobileye Global — The autonomous driving company’s shares declined nearly 2% after an Intel subsidiary announced it will unload 45 million shares of Mobileye Global in an underwritten secondary public offering. WPP — Shares of the advertising company sank nearly 16% after WPP said there has been a “deterioration in performance” during its second quarter. The company lowered its full-year guidance for revenue, less pass-through costs, and operating profit margin, with both now set to decline year over year. Bloom Energy — The energy stock jumped more than 6% after a JPMorgan upgrade to overweight from neutral. The bank said Bloom Energy could benefit from President Donald Trump’s recently signed tax bill. — CNBC’s Sean Conlon, Michele Fox, Sarah Min and Jesse Pound contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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