Pre-market Movers – Eli Lilley, Boeing in View

Investing.com – Wall Street is set to push start higher again Friday, continuing the recent relief rally following the ratcheting down of tensions in the Middle East and the news that the trade deal between the U.S. and China could be signed next week. Investors will be looking closely at the release of the official employment report due before the open, but these companies are also likely to be in focus today.

• Eli Lilly and Company (NYSE:). The U.S. pharmaceutical company announced early Friday a deal to buy medical dermatology company Dermira in a deal valued at $1.1 billion. Under terms of the deal, Lilly will pay $18.75 in cash for each Dermira (NASDAQ:) share outstanding, a 2.2% premium to Thursday’s closing price of $18.34. The deal is expected to close by the end of the first quarter of 2020. Its shares are a touch lower premarket.
• Boeing Co (NYSE:). The aircraft manufacturer remains in the spotlight after releasing a series of internal emails Thursday to the House and Senate committees that have been investigating it in the wake of two crashes by its 737 Max series. The emails can’t have painted the company in a positive light, with employees talking about fooling regulators and questioning the plane’s safety. “This airplane is designed by clowns who in turn are supervised by monkeys,” one unnamed employee wrote.
• Apple Inc (NASDAQ:) The tech giant continues to go from strength to strength, posting an-all time high at Thursday’s close after posting record holiday sales in its App Stores. And the shares continue to climb, judging by pre-market moves.

• Six Flags Entertainment (NYSE:). Shares in the theme park operator are sharply lower premarket after it warned of a fourth-quarter revenue shortfall and disclosed “challenges” with the development of parks in China. The company noted a “softer-than-expected season pass and membership sales, primarily in the holiday sales period.”

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