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Take a look at some of the biggest premarket movers: Walgreens (WBA) – Walgreens stock rose 2.8 percent in premarket trading as the drugstore chain posted a quarterly profit of $1.51 per share, topping the average estimate of $1.17. Revenue also exceeded expectations, thanks to a rise in prescription levels. In addition, the company boosted its full-year outlook. Didi (DIDI) – Following the China-based ride-hailing company’s first public offering and Wall Street debut on Wednesday, Didi will be added to the FTSE global equities indexes as of July 8. Did jumped 6.9% in premarket trading. CureVac (CVAC) – A final research analysis revealed that CureVac’s Covid-19 vaccine was 48 percent effective, unchanged from the original 47 percent assessment two weeks ago. In the premarket, shares were down 12.6 percent. McCormick (MKC) – With quarterly earnings of 69 cents per share, McCormick topped projections by 7 cents per share. Increased at-home demand and a resurgence in the company’s commercial sector helped the condiment and spice maker achieve better-than-expected sales and improve its full-year projection. In premarket trading, McCormick rose 1.3 percent. Atotech (ATC) – The specialized chemicals company has agreed to be bought by MKS Instruments (MKSI), an industrial solutions company, for $5.1 billion in cash and equity. On the announcement, Atotech rose at first, but subsequently sank 1% in premarket trading. Micron Technology (MU) – With quarterly earnings of $1.88 a share, Micron topped expectations by 16 cents a share. The chipmaker’s sales also exceeded Wall Street expectations. Micron also provided bullish current-quarter guidance, citing a chip shortage and robust demand as reasons for the high prices. Micron also sold a Utah semiconductor facility for $900 million to Texas Instruments (TXN). Micron’s stock dropped 2.3 percent in premarket trading. Boeing (BA) has selected Brian West as its new chief financial officer, succeeding Greg Smith, who is retiring. West is a former GE executive who most recently served as the CFO of financial data firm Refinitiv. GlaxoSmithKline (GSK) – Activist investor Elliott disclosed that it had purchased a big investment in GlaxoSmithKline and asked the company to sell its consumer health-care division. Pacific Gas & Electric (PCG) – PG&E is seeking a $3.8 billion rate increase from California regulators to fund measures that will improve fire prevention. Investigators believe the utility’s equipment is to blame for some of the state’s most destructive fires in recent years. The Chinese electric vehicle companies Nio (NIO) and XPeng (XPEV) both climbed in premarket trading after releasing their latest delivery numbers. In June, Nio delivered 8,083 electric vehicles, up 116 percent from the previous month, and XPeng delivered 6,565 vehicles, an almost seven-fold increase. In the premarket, Nio was up 3.2 percent, while XPeng was up 4.7 percent./nRead More

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