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Micron, CureVac Fall Premarket; Walgreens Rises

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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, July 1st. Please refresh for updates.

CureVac (NASDAQ:CVAC) stock fell 13% after the German drugmaker said final test data showed its experimental vaccine against Covid-19 was only 48% effective in preventing the disease, a much lower percentage than the rival drugs.

Walgreens Boots (NASDAQ:WBA) stock rose 1.7% after the pharmacy chain raised its 2021 adjusted profit growth forecast, buoyed by strength in drug sales and Covid-19 vaccine administrations.

Micron (NASDAQ:MU) stock fell 1.7% after the chipmaker warned that industry-wide supplies of memory chips will remain tight until the end of next year, and it would put out the production of its most cutting-edge chips until 2024.

Didi Global (NYSE:DIDI) stock rose 7.4%, a day after the Chinese ride-hailing company made its Wall Street debut, ending just over the IPO price, with a market value of around $68 billion.

Xpeng (NYSE:XPEV) stock rose 3.7% after the Chinese electric car manufacturer delivered a seven-fold increase in vehicle sales in June. Fellow Chinese EV maker Nio (NYSE:NIO) ADR rose 3% after reporting a 116% increase in car sales in June from a year ago.

GlaxoSmithKline (NYSE:GSK) ADR rose 0.6% after the Wall Street Journal reported that activist investor Elliott is pushing for a shake-up at the British drugs giant, calling for changes in its board and also potentially at the CEO role.

Advanced Micro Devices (NASDAQ:AMD) stock rose 0.8% after the semiconductor maker secured unconditional EU antitrust approval for its $35 billion bid for Xilinx (NASDAQ:XLNX), up 0.4%.

McCormick (NYSE:MKC) stock rose 0.4% after the food company raised its full-year sales forecast, after beating quarterly earnings and revenue expectations, helped by strong at-home demand and a rebound in the company’s commercial business.

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