Check out the companies making headlines before the market opens. Crypto Stocks – Stocks tied to the price of Bitcoin fell after the cryptocurrency fell 5% to its lowest level since February and the now-defunct Mt. Gox exchange began paying back creditors as expected. Coinbase and MicroStrategy were each down 5% in pre-market trading. Among miners, Iris Energy fell 8% and CleanSpark fell 5%. Marathon Digital and Riot Platforms fell 6% and 4%, respectively. Instruct — The education technology stock rose more than 3% after reports that Francisco Partners and KKR are interested in a potential acquisition. The two private equity firms are in the final round of bidding and will submit binding offers next week, people familiar with the matter told Reuters. Macy’s — Shares of Macy’s rose more than 6% after the Wall Street Journal reported that an investor group raised its takeout offer. According to the report, Arkhouse Management and Brigade Capital Management are now offering Macy’s about $24.80 per share, up from the previous $24. Tesla — Shares of the electric car maker rose 2%, continuing their recovery after second-quarter vehicle deliveries topped analysts’ expectations earlier this week. As of Friday, the stock was up 24% for the week. Novo Nordisk — Novo Nordisk’s U.S. trial of semaglutide, present in Novo Nordisk’s Ozempic and Wegovy, increases the risk of a rare eye disease, despite a Harvard study showing that the drug giant Shares were trading up 1.9% in pre-market trading. Deutsche Bank said the quality of the evidence was “very low”, adding that the results were of little consequence. Shell — Shares rose 1%. Shell said on Friday it expected impairment losses of up to $2 billion at its plants in Singapore and Rotterdam. —CNBC’s Hakyung Kim, Tanaya Macheel, Sarah Min and Jesse Pound contributed reporting.
