A UPS worker inspects an Amazon package for delivery in New York.
Eduardo Munoz | Reuters
Explore the trending companies in premarket trading.
Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic steatohepatitis.
Banks — U.S. bank stocks experienced a broad decline after Moody’s downgraded ratings for several institutions, including M&T Bank, Citizens Financial, Bank of New York Mellon, and Truist Financial. Moody’s cited the higher interest rate environment and asset liability management risks as ongoing challenges for U.S. banks. Major banks, including Goldman Sachs
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