New York Stock Exchange premarket
Shares in Johnson&Johnson (NYSE:JNJ) fell 2.3% after US health authorities called for the suspension of the drug maker's COVID-19 vaccine because of clotting problems.
Altimeter Growth (NASDAQ:AGC) shares rose 5.1% as this-SPAC intends to bring Singapore-based Grab Holdings to the US exchange. The deal has been valued at nearly $40bn, the biggest deal involving SPAC.
Moderna (NASDAQ:MRNA) shares are up 7.7% thanks to J&J's setbacks, which give it a chance to grab a share of a key US market. The company's COVID-19 vaccine began distribution in England on Tuesday.
Shares in FedEx Corporation (NYSE:FDX) added 1% after investment bank KeyBanc Capital Markets upgraded its recommendation on the delivery service giant's stock from "mid-market" to "above-market", saying it could still rise, even after coronavirus-related restrictions were eased.
Alibaba (NYSE:BABA) shares fell 0.9% after Chinese regulators ordered its subsidiary Ant Group to upgrade its business.
American Airlines (NASDAQ:AAL) shares fell 3.4%, United Airlines (NASDAQ:UAL) shares fell 3.1%, Royal Caribbean Cruises Ltd (NYSE:RCL) shares fell 2.9% and Carnival (NYSE:CCL) shares fell 2.8% on news of the J&J vaccine.
Shares of Bristol-Myers Squibb (NYSE:BMY) rose 0.7% after Truist Securities upgraded the pharmaceutical company's stock from a "hold" to a "buy" rating, noting the company's effective line of drugs.
Credit Suisse (SIX:CSGN) shares lost 0.9%.
