Here are the companies making headlines before the bell:
1. Intel: The semiconductor stock surged 2.2% following the news of Israel’s government granting Intel $3.2 billion for their new $25 billion chip plant in southern Israel.
2. Manchester United: Shares of the renowned soccer club climbed 4.3% as British billionaire Jim Ratcliffe completed a deal to purchase a quarter of Manchester United. Ratcliffe’s acquisition will be at $33 per share, with Friday’s closing price at $19.84.
3. Gracell Biotechnologies: The stock experienced a significant jump of nearly 60% after pharmaceutical giant AstraZeneca revealed plans to acquire the China-based cell therapy company for a sum of up to $1.2 billion. AstraZeneca’s shares saw a slight decline of less than 0.1%.
4. Bristol-Myers Squibb: The biopharma stock saw a slight increase after announcing its acquisition of radiopharmaceutical firm RayzeBio for approximately $4.1 billion, equivalent to $62.50 per share in cash. Ahead of the deal announcement, RayzeBio’s shares skyrocketed by 99%.
Source (CNBC)
