Walgreens, Didi, CureVac, and more

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Take a look at some of the biggest drivers in Primarket:

Walgreens (WBA) — Walgreens shares rose 2.8% in premarket after the drug store operator reported a quarterly profit of $1.51 per share, topping the consensus estimate of $1.17 per share. Revenue also beat expectations, supported by a recovery in prescription volumes. The company also raised its full-year forecast.

Didi (Didi) — Didi will be added to the FTSE’s global stock indexes starting July 8, following the initial public offering of the China-based passenger carrier and its debut on Wall Street on Wednesday. It rose 6.9% in the primary market.

CureVac (CVAC) – The German drugmaker said an analysis of a recent study showed the Covid-19 vaccine was 48% effective, not much changed from the initial assessment of 47% two weeks ago. Shares fell 12.6% in the primary market.

McCormick (MKC) – McCormick beat estimates by about 7 cents a share, with quarterly earnings of 69 cents a share. The spice and seasoning maker also reported better-than-expected revenue and raised its full-year forecast, buoyed by rising domestic demand and the company’s business recovery. McCormick earned 1.3% in pre-market trading.

Atotech (ATC) – The specialty chemicals company has agreed to be acquired by industrial solutions company MKS Instruments (MKSI) in a $5.1 billion cash and stock transaction. Atotech was initially higher in the news but then fell 1% in pre-market activity.

Micron Technology (MU) – Micron beat estimates by 16 cents a share, with quarterly earnings of $1.88 a share. The chip maker’s revenue also beat Wall Street expectations. Micron also gave optimistic guidance for the current quarter, with chip shortages and strong demand driving up prices. Separately, Micron sold a semiconductor plant in Utah to Texas Instruments (TXN) for $900 million in cash. Micron shares fell 2.3 percent in pre-market trading.

Boeing (BA) – Boeing has appointed Brian West as chief financial officer, replacing retired Greg Smith. West is a former CEO of General Electric (GE) and was the last time he held the role of Chief Financial Officer at financial information provider Refinitiv.

GlaxoSmithKline (GSK) – Activist investor Elliott confirmed it had acquired a significant stake in GlaxoSmithKline, and urged the drugmaker to consider selling its consumer healthcare business.

Pacific Gas & Electric (PCG) — PG&E is asking California regulators for a $3.8 billion increase in interest rates, in order to pay for improvements that would enhance deadly fire prevention. Investigators have blamed utility equipment for some of the state’s most devastating fires in recent years.

Nio (NIO), XPeng (XPEV) — Both China’s electric vehicle makers are up in pre-market trading after reporting their latest delivery numbers. Nio delivered 8,083 electric vehicles in June, up 116% from the previous year, while XPeng delivered 6,565 vehicles, a more than sevenfold increase. Nio jumped 3.2% in the primary market, while XPeng rose 4.7%.

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