Check out the companies making headlines before the bell. Novo Nordisk – Shares plunged more than 19% after the Danish pharmaceutical giant reported disappointing late-stage trial results for its experimental weight loss drug, CagriSema. Rival obesity drug maker Eli Lilly rose more than 6% following the results. FedEx – Shares jumped 8.5% after FedEx announced a spinoff of its freight business . Elsewhere, the company said earnings per share for the fiscal second quarter came in at $4.
Occidental Petroleum – The stock gained around 2% after Warren Buffett's Berkshire Hathaway disclosed that it purchased shares of the energy company . Meanwhile, shares of Sirius XM and VeriSign – two other names that Berkshire Hathaway disclosed it had purchased shares of – were up more than 1% and down 0.2%, respectively. Micron Technology – The chipmaker fell 2.9%, extending its slide one day after Micron posted its worst day since March 2020.
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Source: CNBC - 🏆 12. / 72 Read more »