{"id":21411,"date":"2023-06-12T05:38:09","date_gmt":"2023-06-12T09:38:09","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/biogen-salesforce-oracle-chinook-illumina-and-more-stock-market-movers\/"},"modified":"2023-06-12T05:38:10","modified_gmt":"2023-06-12T09:38:10","slug":"biogen-salesforce-oracle-chinook-illumina-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21411","title":{"rendered":"Biogen, Salesforce, Oracle, Chinook, Illumina, and More Stock Market Movers"},"content":{"rendered":"
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Stock futures rose Monday\u00a0as investors prepared for a busy week filled with U.S. inflation data and meetings from global central banks, including an interest-rates decision from the Federal Reserve.<\/p>\n

These stocks were poised to make moves Monday:\u00a0<\/p>\n

\n

\n Biogen
\n (BIIB) was rising 3.6% in premarket trading after a committee of expert advisors to the Food and Drug Administration said the biotech company and partner Eisai have proven the efficacy of their Alzheimer\u2019s drug Leqembi, voting six to zero to recommend approval of the treatment.<\/p>\n

\n Salesforce
\n (CRM) CEO Marc Benioff will be hosting \u201c
\n Salesforce
\n AI,\u201d a 90-minute\u00a0live-streamed\u00a0event that starts at 1:30 p.m. Eastern time. Evercore ISI analyst Kirk Materne said he expects a focus on data cloud and trust elements at the event. The stock rose 0.8% in premarket trading.<\/p>\n

\n Oracle
\n (ORCL) is scheduled to report fiscal fourth-quarter earnings after the stock market closes Monday. Shares of the software giant were up 2.8%. Earnings reports are expected later this week from
\n Lennar
\n (LEN),
\n Adobe
\n (ADBE), and
\n Kroger
\n (KR).<\/p>\n

\n Chinook Therapeutics
\n (KDNY), a biopharmaceutical company focused on treatments for kidney diseases, reached an agreement to be acquired by
\n Novartis
\n (NVS) for $40 a share in cash, or a total of $3.2 billion.\u00a0Chinook shares closed Friday at $23.99, and were rising 66% in premarket trading to $39.92.<\/p>\n

\n Illumina
\n (ILMN) said CEO Francis deSouza resigned as the gene sequencing company fights regulators over its deal to acquire cancer test maker Grail. The acquisition also triggered a proxy battle with activist investor Carl Icahn.
\n Illumina
\n shares gained 0.7%.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures rose Monday\u00a0as investors prepared for a busy week filled with U.S. inflation data and meetings from global central banks, including an interest-rates decision from the Federal Reserve. These stocks were poised to make moves Monday:\u00a0 Biogen (BIIB) was rising 3.6% in premarket trading after a committee of expert advisors to the Food and […]<\/p>\n","protected":false},"author":1,"featured_media":21412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-21411","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBiogen, Salesforce, Oracle, Chinook, Illumina, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures rose Monday\u00a0as investors prepared for a busy week filled with U.S. inflation data and meetings from global central banks, including an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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