– Coinbase slid 6.8% in premarket trading, with the cryptocurrency exchange's shares falling in the wake of rival FTX's bankruptcy. A Bank of America analyst said Coinbase is not another FTX, but faces headwinds amid overall skepticism about the cryptocurrency market. – The food producer's stock jumped 3.3% in the premarket after beating Wall Street's top and bottom line estimates for its latest quarter.
China stocks – Shares of China-based companies are under pressure after three Covid-related deaths were reported in Beijing over the weekend, the first reported since May. The overall number of Covid cases in China is on the rise as well.
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