Investing.com - Financial Markets Worldwide

Starbucks, Freeport-McMoran and Verona Pharma rise premarket; WPP, T-Mobile fall

AuthorPeter Nurse
Published 09/07/2025, 12:14
© Reuters.
C
0.78%
MRK
-0.56%
WYNN
-0.25%
SBUX
-1.06%
WPP
-0.37%
FCX
0.18%
AES
1.22%
HG
0.77%
WPP
-0.67%
PROR
-0.33%
TMUS
1.18%
RUN
-2.23%
VRNA
-0.15%
BBIO
-10.45%
RXST
0.65%

Investing.com -- U.S. stock futures edged higher Wednesday in calm trading, as investors assessed the new developments in the Trump administration’s trade negotiations ahead of the release of the minutes from the last Federal Reserve meeting.

Here are some of the biggest premarket U.S. stock movers today:

  • Starbucks (NASDAQ:SBUX) stock rose 1.5% after Bloomberg reported that the coffee chain’s China business is attracting birds valuing it at up to $10 billion.

  • Freeport-McMoran (NYSE:FCX) stock rose 2.1%, with the copper producer benefiting from President Donald Trump raising the prospect of a 50% tariff on imported copper.

  • WPP (LON:WPP) (NYSE:WPP) ADRs slumped 16% after the advertising giant lowered its full-year profit guidance following a deterioration in performance during the second quarter, citing challenging economic conditions and weaker client spending.

  • Verona Pharma (NASDAQ:VRNA) stock surged 20% after Merck (NSE:PROR) (NYSE:MRK), up 0.2%, announced plans to buy the U.K.-based company for about $10 billion, strengthening the U.S. firm’s presence in respiratory treatments as it readies for the patent expiry of its blockbuster cancer drug.

  • T-Mobile US (NASDAQ:TMUS) stock fell 1.8% after KeyBanc downgraded the telecom giant to “underweight” from “sector weight”, saying its underperformance is set to continue and its “premium valuation is just too high.”

  • Wynn Resorts (NASDAQ:WYNN) stock fell 1% after Citigroup (NYSE:C) downgraded its stance on the casino company to “neutral” from “buy”, expecting it to lose near-term market share in the important Macau region.

  • Sunrun (NASDAQ:RUN) stock rose 2.7% after Jefferies upgraded the battery energy storage provider to “hold” from “underperform”, reversing the downgrade after just a month.

  • BridgeBio Pharma (NASDAQ:BBIO) stock rose 2.1% after Oppenheimer upgraded the biopharmaceutical company to “outperform” from “perform”, seeing a potential 39% upside.

  • Rxsight (NASDAQ:RXST) stock slumped 39% after the eyewear company cut its 2025 revenue forecast and reported preliminary second-quarter revenue that fell short of expectations.

  • AES (NYSE:AES) stock rose 13% after Bloomberg News reported that the power provider was exploring options including a sale.

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