The stocks making the biggest moves in premarket trading include Eli Lilly, Coty, Amazon, Zynga, Delta, and more.
– Morgan Stanley raised its price target for Amazon to $2,800 from $2,600, saying it expects faster forward growth for Amazon even if overall consumer spending weakens. The firm has raised earnings estimates for Amazon while maintaining an "overweight" rating. – Zynga announced the acquisition of Turkey-based mobile game producer Peak for $1.8 billion in cash and stock.
Peak is the maker of the popular Toy Blast and Toon Blast mobile games. Separately, Zynga raised guidance for the current quarter and full year, not including any possible contribution from the Peak deal. – The Brazilian jet maker reported a quarterly loss of 57 cents per share, wider than the 33 cents a share loss anticipated by analysts.
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Eli Lilly starts human study of potential COVID-19 treatmentEli Lilly and Co said on Monday first set of patients have been dosed in an early-stage trial to test its potential treatment for COVID-19, in the world's first study of an antibody treatment against the disease.
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Eli Lilly starts human study of potential COVID-19 treatmentEli Lilly and Co said on Monday first set of patients have been dosed in an early-stage trial to test its potential treatment for COVID-19, in the world's first study of an antibody treatment against the disease.
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Zynga acquires Peak for $1.8 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Coty to appoint Chairman Peter Harf as its new CEO: WSJCoty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre Laubies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
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Domestic Abuse Can Escalate In Pandemic And Continue Even If You Get AwayLoosened quarantine restrictions have given some people an opportunity to flee violence at home, but cyberstalking and high unemployment have also made it harder to completely escape after moving out.
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