By Angus Berwick
Coinbase $(COIN)$: Stock in the U.S. cryptocurrency exchange rose 4% in premarket trading. Bitcoin's price has climbed since Donald Trump said Saturday that he intended to create a "strategic national bitcoin stockpile" if elected president.
Abbott Laboratories $(ABT)$: A jury ordered Abbott to pay $495 million in compensation and damages, after finding the company failed to warn that a baby formula increased the risk of bowel disease. Abbott stock fell more than 6% premarket.
Heineken (HEINY), (NL:HEIA): The Dutch brewer swung to a first-half loss as it took a roughly $949 million writedown on its stake in China's CR Beer (HK:291). Heineken's Amsterdam-listed shares dropped more than 6%.
McDonald's $(MCD)$ is due to report results before the market opens. Earnings from Welltower $(WELL)$, the healthcare-focused real estate investment trust, are expected after the close.
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(END) Dow Jones Newswires
July 29, 2024 04:50 ET (08:50 GMT)
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