Twitter (TWTR)

Twitter slipped 1% in the premarket after Elon Musk sent a
second deal termination notice. Musk first announced he was pulling out of his
$44 billion deal to buy Twitter in early July. The second notice, detailed in
an SEC filing, offers additional reasons for pulling out, including the
contention that allegations detailed in the recent whistleblower complaint
could have severe consequences for Twitter’s business.

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Baidu (BIDU)

Baidu shares gained 3.8% in premarket action after
reporting better-than-expected profit and revenue for its latest quarter. The
China-based search engine witnessed a recovery in ad sales and stronger demand
for its cloud-based offerings.

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Best Buy (BBY)

Best Buy added 2.6% in premarket trading after the
electronic retailer exceeded forecasts on the top and bottom lines for its
latest quarter, while comparable store sales declined less than expected.

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Big Lots (BIG)

Shares of the discount retailer gained 2.7% in premarket
trading after reporting a smaller-than-expected quarterly loss and
higher-than-expected revenue. Comparable store sales also declined less than
analysts had estimated.

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First Solar (FSLR)

The solar equipment maker’s stock rose 1.9% in premarket
action it would spend $1.2 billion to expand US-based manufacturing, including
a new factory in the southeast. First Solar earlier this year said it was
unlikely to build new US facilities, but changed its strategy due to the tax
incentives provided by the recently passed Inflation Reduction Act.

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Bed Bath & Beyond (BBBY)

Shares of the houseware retailer surged 11.7% in premarket
trading after soaring 25% yesterday. The company, popular among “meme stock”
traders, will issue a business and strategic update on Wednesday.

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Netflix (NFLX)

Netflix gained 1.4% in premarket action after it denied a
Bloomberg report that it’s mulling a $7 to $9 monthly charge for its upcoming
ad-supported streaming service. The company is in the early planning stages for
the service and no pricing decisions have been made, reported the New York

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Lucid Motors (LCID)

Lucid fell 1.4% in the premarket after filing a shelf
offering to raise $8 billion. The electric vehicle maker said it has no plans
to sell any securities at this time.