Tesla, BioNTech and Wayfair rise premarket; Berkshire Hathaway falls

Investing.com -- U.S. stock futures soared Monday on hopes of an imminent interest rate cut after Friday’s weak payrolls report.

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

• Berkshire Hathaway (NYSE:BRKb) (NYSE:BRKa) stock fell 0.6% after Warren Buffett’s sprawling conglomerate posted a $3.76 billion write-down on its stake in consumer food company Kraft Heinz (NASDAQ:KHC), while a fall in insurance underwriting premiums also dented second-quarter returns from Warren Buffett’s sprawling conglomerate.

• Tesla (NASDAQ:TSLA) stock rose 2.2% after the company approved a 96 million share restricted stock award for CEO Elon Musk, following a recommendation by a special committee of disinterested directors Robyn Denholm and Kathleen Wilson-Thompson on August 1.

• BioNTech (NASDAQ:BNTX) stock climbed 2% after the biotech firm said that second-quarter revenue more than doubled, driven by higher revenues from its COVID-19 vaccine collaboration with Pfizer (NYSE:PFE).

• Freshpet (NASDAQ:FRPT) stock rose 3.3% after the pet food manufacturer reported second-quarter earnings that significantly exceeded analyst expectations, even with a slight revenue miss and reduced sales guidance.

• Joby Aviation (NYSE:JOBY) stock rose 5.7% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility (NASDAQ:BLDE), which soared 17%.

• Wayfair (NYSE:W) stock rose 11% after the online home furnishings retailer reported second-quarter results that significantly exceeded analyst expectations, delivering its highest revenue growth and profitability since 2021.

• Carlyle Group (NASDAQ:CG) stock 1.4% after the asset manager raised $9 billion for its latest U.S. real estate fund, Reuters reported, giving it a record fundraising haul to deploy into land and buildings amid tentative signs of recovery in parts of the sector.

• Waters Corporation (NYSE:WAT) stock 2.7% after the lab equipment maker raised the lower end of its annual profit forecast after reporting better-than-expected second-quarter results on improved demand from biotech clients for its tools used in drug development and research.

• Harley-Davidson (NYSE:HOG) stock rose 1.6% after the iconic motorcycle manufacturer named Arthur Starrs as its next CEO, effective October 1, ending a prolonged search for a candidate to succeed incumbent Jochen Zeitz.