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2021-12-31

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Toplines Before US Market Open on Friday

U.S. stock index futures slipped on Friday, even as Wall Street's main indexes looked to finish the year with handsome gains for the third time in a row, supported by massive stimulus, vaccine rollout

Toplines Before US Market Open on Friday

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Decaffed
·2021-12-31
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The snapshot of fourth quarter results came in an SEC filing, ahead of the official earnings on February 1.</p><p>Advanced Micro Devices(AMD) – The chipmaker said it now expects to complete a $35 billion all-stock takeover deal for rivalXilinx(XLNX) during the first quarter of 2022, delayed from its prior 2021 year-end target. The companies said they have not yet received all of the needed approvals. 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The snapshot of fourth quarter results came in an SEC filing, ahead of the official earnings on February 1.Advanced Micro Devices(AMD) – The chipmaker said it now expects to complete a $35 billion all-stock takeover deal for rivalXilinx(XLNX) during the first quarter of 2022, delayed from its prior 2021 year-end target. The companies said they have not yet received all of the needed approvals. Xilinx was down 2.2% in the premarket.Pfizer(PFE) – British regulators have approved the use of Paxlovid – the drug maker’s Covid-19 antiviral pill – for people over 18 with mild to moderate illness.Peloton(PTON) – The fitness equipment maker slid 1.3% in premarket action after JMP Securities downgraded the stock to “market perform” from “market outperform.” JMP cites declining website visits and page views.Colfax(CFX) – The medical technology company is planning a shareholder meeting to approve a reverse stock split, with the exact ratio to be determined at a later date. 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