Bitcoin, Pfizer, Uber, GM: What to Watch When the Stock Market Opens Today

We’ll get a look at how event spaces are coping with Covid-19 when Madison Square Garden Entertainment reports earnings before the open.

Shares of Uber , Lyft and DoorDash are all hitting the skids premarket. A California judge said the November ballot measure that allowed the companies to continue treating their drivers as independent contractors isGeneral Motors shares dropped more than 2% premarket. The car maker isShares of Coinbase and the price of bitcoin both jumped 3.6% of the bell. The cryptocurrency’s rise put it back above $50,000 for the first time since May.

from Pfizer and partner BioNTech, according to people familiar with the planning. Fellow mRNA Covid-19 vaccine maker Moderna was also up, by 2%. And Pfizer is also making waves on the deal front premarket: It is acquiring Trillium Therapeutics for $18.50 a share in cash, or implied equity value of $2.26 billion. Trillium’s shares closed Friday at $6.09 a share. Premarket they soared a staggering 200%.

Crude prices are up around 3%, and shares of major energy producers are coming along for the ride. Occidental Petroleum and Devon Energy both gained 3.6%, Diamondback Energy climbed 4.1% and Exxon Mobil rose 2.1%.

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