3M shares climb on lawsuit settlement update, while Rite Aid drops on bankruptcy reports and other moving shares

Shares of 3M Co. MMM, +0.46% rose 4.6% in premarket trading after The Wall Street Journal reported that the multinational conglomerate was nearing agreement on a $5.5 billion plan to settle more than 300,000 lawsuits over defective military earplugs.

XPeng Inc. XPEV, +8.21% stock climbed 4.4% after the China electric vehicle maker announced a strategic partnership with mobile tech platform DiDi Global Inc. DIDIY, -2.16%, buying its smart auto development business.Rite Aid Inc. shares RAD, -51.04% fell 3.6% following the worst one-day performance ever for shares on Friday following a Wall Street Journal report the drugstore chain was facing bankruptcy.

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