Opening Bell: Starbucks – After CNBC reported that the coffee chain shares were on the rise by nearly 2% after China reported that it had withdrawn bids for potential stock sales that valued its subsidiaries of up to $10 billion. The final selection can take place in two months, but the transaction itself may not be completed by the end of this year. AES – Shares have skyrocketed nearly 14% following Bloomberg’s report that energy companies are investigating potential sales amid interest from infrastructure investors. Verona Pharma – Stocks have skyrocketed 20% after Merck bought UK-based Verona Pharma in a deal of about $10 billion to expand its respiratory therapy portfolio. Merck’s shares have been slightly higher. UnitedHealth – Health insurers saw their shares fall by more than 1% after the Wall Street Journal reported that the Department of Justice Crime Medical Fraud Unit was investigating the company’s Medicare claims practices, citing people familiar with the issue. Solaredge Technologies – Solared stock fell by more than 2% in previous market transactions after Goldman Sachs downgraded its name to neutral, citing general market uncertainty across the residential sector. Mobileye Global – Shares in the Autonomous Driver Company fell almost 2% after an Intel subsidiary announced that it would unlock 45 million shares of Mobileye Global in the underwritten secondary offering. WPP – Advertising company shares sank almost 16% after WPP said there had been a “deteriorating performance” in the second quarter. The company reduced year-round revenue guidance, reduced pass-through costs and operating profit margins. Bloom Energy – After JPMorgan upgrade upgraded from neutral to overweight, the energy stock jumped over 6%. The bank said Bloom Energy could benefit from President Donald Trump’s recently signed tax bill. – Reported by CNBC’s Sean Conlon, Michelle Fox, Sarah Minh and Jesse Pound.
The biggest moves stock localities: Sbux, AES, VRNA, UNH
