Novavax shares plummeted premarket; Tesla’s net are owed aft the close

A idiosyncratic astatine Novavax worked astatine a purification instrumentality astatine the Novavax offices successful Gaithersburg, Md., Feb. 11, 2021.

Photo: T.J. Kirkpatrick for The Wall Street journal

Updated Oct. 20, 2021 7:30 americium ET

Futures are flat arsenic investors await different large batch of net reports. Here’s what we’re watching up of Wednesday’s action:

  • Novavax  shares plunged 26% premarket aft Politico reported that the pharmaceutical institution was moving into difficulties manufacturing a Covid-19 vaccine that met regulators’ prime standards. Fellow vaccine shaper Moderna added 0.9%.
  • Netflix slipped 2.3% up of the bell. The streaming giant added 4.4 cardinal memberships in the 3rd 4th amid accrued contention and the emblematic summertime slowdown.
  • United Airlines , whose nett was boosted by national aid, said the dispersed of the highly transmissible strain of Covid-19 slowed flying during the 3rd quarter but hasn’t derailed its recovery. Its shares added 1.7% premarket.
  • Verizon Communications , Abbott Laboratories and Canadian Pacific Railway are owed to study earlier the opening bell.
  • Baker Hughes shed 2.4% premarket aft it swung to nett successful the 3rd quarter, but fell shy of expert expectations, arsenic gross and orders roseate successful the period.
  • Omnicom Group slipped 1.4% premarket. The advertizing institution said its concern continued to amended from the harm caused by the pandemic, with third-quarter integrated gross gains successful each of its large disciplines.
  • Canadian National Railway gained 1%. The obstruction operator’s profit accrued successful the 3rd quarter, helped by higher freight rates and a emergence successful immoderate substance surcharges.
  • Interactive Brokers Group slipped 1.4% premarket. The physics broker reported a diminution successful net per stock for the caller 4th compared with a twelvemonth ago.
  • Tesla , Las Vegas Sands , CSX , Discover Financial Services and IBM are among the companies reporting net aft the close.
Chart of the Day
  • The motorboat of ProShares Bitcoin Strategy ETF is being intimately watched connected Wall Street, wherever uncovering a mode to merchantability securities linked to bitcoin has been a precedence for galore firms.

Write to James Willhite astatine james.willhite@wsj.com

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