ADVFN US – Market Content Editor

Bloom Energy Corp (NYSE:BE) shares rose 5.1% to $265.70 in premarket trading after confirmation that the company will join the S&P 500 Index before the market opens on September 21. Inclusion in the benchmark means investment funds and exchange-traded funds that track the S&P 500 will need to adjust their holdings to reflect the revised…

Novartis (NYSE:NVS) said on Tuesday that its experimental treatment for myotonic dystrophy type 1, delpacibart etedesiran, did not meet the primary endpoint of a Phase III clinical trial. The global HARBOR study evaluated delpacibart etedesiran, also known as del-desiran, in approximately 150 people with myotonic dystrophy type 1, or DM1. The 54-week randomised, double-blind and…

Zim Integrated Shipping (NYSE:ZIM) shares rose as much as 5.5% in premarket trading on Tuesday after Hapag-Lloyd and FIMI said they planned to revise their proposed acquisition following discussions with Israeli officials. Hapag-Lloyd said on Monday that it was working with the Israeli government on changes to its proposed $4.2 billion cash acquisition of Zim…

Eaton (NYSE:ETN) shares rose 3.1% in premarket trading after UBS upgraded the power management company to Buy from Neutral and increased its price target to $515 from $450. UBS based its revised assessment on expectations for improved margins and earnings growth, forecasting that pricing measures and operational execution will contribute to a margin recovery beginning…

BioNTech SE (NASDAQ:BNTX) shares fell 1.2% to $102.55 in premarket trading after BMO Capital downgraded the stock and reduced its price target. BMO lowered its rating on BioNTech from Outperform to Market Perform and cut its price target to $105 from $128. The firm cited lower global demand for COVID vaccines and an ongoing inventory…

SVRN, Inc. (NASDAQ:SVRN) shares rose 14.7% to $10.40 in premarket trading, extending a period of wide price movements for the stock. No new company press release, earnings report or analyst action was identified in the supplied information as a direct catalyst for Tuesday’s advance. SVRN has traded between a 52-week low of $3.12 and a…

C.H. Robinson Worldwide (NASDAQ:CHRW) shares rose 1.5% to $149.88 in premarket trading, with no new company-specific announcement identified in the supplied information as a direct catalyst for the move. The freight and logistics company’s shares remained below their 52-week high of $210.33. In the absence of a new earnings release, analyst upgrade or corporate action,…

Old Dominion Freight Line (NASDAQ:ODFL) shares rose 1.3% to $188.34 in premarket trading on Tuesday after the less-than-truckload carrier reported an increase in revenue per day for August. In an operating update issued on September 3 and filed with the SEC as an 8-K, the company said revenue per day increased 12.4% compared with August…