RPT Realty shares surged 17% after Kimco Realty announced its acquisition of the real estate investment trust in a $2 billion all-stock deal. Mister Car Wash stock advanced 6.1% following an upgrade by Piper Sandler. Boston Scientific jumped nearly 6% after announcing positive results for its treatment for abnormal heartbeats. CrowdStrike fell 3.7% after a downgrade by Morgan Stanley. 3M saw a 5.2% increase in its stock price after reaching a tentative deal to settle lawsuits over its combat ear plugs. Xpeng, the Chinese electric car company, rose 5.3% after acquiring Didi's smart electric car development business.
Xpeng's U.S.-traded shares rose 5% premarket after announcing the acquisition of Didi's smart electric car business for $744 million. 3M saw a rally of over 5% as it tentatively agreed to settle more than 330,000 lawsuits related to defective earplugs for over $5.5 billion. Mister Car Wash stock climbed 5.7% following an upgrade by Piper Sandler, while CrowdStrike shares fell 2.6% after a downgrade by Morgan Stanley. Akero Therapeutics gained 2.2% as UBS initiated coverage with a buy rating. Additionally, Chinese stocks Alibaba and JD.com rose after the Chinese government announced measures to boost its stock market. RPT Realty surged over 11% as it is being acquired by Kimco Realty for $2 billion in stock, and Abcam fell over 3% after Danaher announced its acquisition in a deal valued at around $5.7 billion. Boston Scientific jumped 5.5% after positive results for its treatment for patients with abnormal heartbeats.
