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Delta, Moderna, Zoom Video, Microsoft & more

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The Delta Airlines aircraft landed at Kingsford Smith International airport in Los Angeles on October 31, 2021. This was taken to Sydney, Australia.

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See which companies made the headlines prior to the bell ringing Friday

TravelAnd leisure stocks – Airline stocks are getting hit hard in the premarket by news of the new Covid-19 variant, including American (AAL), United (UAL), Southwest (LUV), Delta (DAL) and JetBlue (JBLU). The cruise stock market was also rocked. Royal Caribbean (RCL)The decline was 10.6% Carnival (CCL)Taken a 10.5% increase, Norwegian (NCLH) fell 10%.

Stay-at-home stocks – Stocks that benefited from Covid-19 closures rebounded, with Zoom Video (ZM)Premarket trading gains 7.8% DocuSign (DOCU)Up to 3% Netflix (NFLX)Increased by 2.2% Peloton (PTON) jumping 6.2%.

Vaccine stocks – These are rising following the Covid variant news, with Moderna (MRNA)Premarket sales up 8.6% Pfizer (PFE) jumping 5.6%, BioNTech (BNTX)Surging 7.3% Novavax (NVAX)Rallying at 5.3%

Merck (MRK) – The drug maker and its partner, Ridgeback Biotherapeutics, said their experimental Covid pill cut the risk of death and hospitalization in at-risk patients by 30%. Merck dropped 3% in premarket trades, despite a higher efficacy rate that in an earlier study.

Didi Global (DIDI) – Didi has been asked by Chinese regulators to delist from the New York Stock Exchange, according to a Bloomberg report. Request to delist ride-haling firm is said to come amid concerns about data security. Didi slid 6.3% in premarket action.

Tesla (TSLA) – Tesla will invest $188 million to expand production capacity at its Shanghai factory, according to the state-backed Beijing Daily newspaper. Premarket, Tesla declined 2.3%

Micron Technology (MU) – Micron and Taiwan-based chip maker United Microelectronics (UMC)Both companies have now withdrawn their intellectual property claims against one another. These cases were ended without the companies giving a reason. Micron lost 1.6%, and United Micro fell 2.3% in premarket.

Boeing (BA) – Boeing was told that its bid to sell fighter jets to Canada did not meet the government’s requirements, according to a report in the Canadian Press. According to the report, two competitors were mentioned. Lockheed Martin (LMT)Sweden’s Saab did not meet these requirements, and is still in competition. Boeing was down 6.3% during premarket.

Microsoft (MSFT) – Microsoft Chief Executive Officer Satya Nadella disclosed the sale of 839,000 shares in an SEC filing, leaving him with ownership of 831,000 shares following that transaction. Microsoft lost 1% on the premarket.

Pinduoduo (PDD) – The China-based e-commerce platform operator saw its shares plummet 17.7% in the premarket, after it reported quarterly revenue that was well below analyst estimates amid increasing competition from companies like Alibaba (BABA)And JD.com (JD).

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