Airbnb, Merck, High Tide, Square: What to Watch in the Stock Market Today

Wall Street stocks edged up after the opening bell, as investors weighed rising energy prices and lingering worries about China’s property sector. Here’s what we’re watching in morning trading:

  • Airbnb ABNB 4.39% shares ticked up after the stock was raised to outperform from market perform by Cowen.
  • Credit Suisse on Tuesday raised the price target for shares of MGM Resorts International MGM 6.15% to $68 per share from $33 a share.
  • Shares of CureVac CVAC -5.66% dropped after the German drug maker said its shot—once considered a promising Covid-19 vaccine candidate—would arrive too late to have a viable market. The company is shelving its most advanced Covid-19 vaccine and focusing on a new version.
  • NanoVibronix NAOV -6.75% shares were giving up some of Monday’s gains that came after the healthcare device company said results were positive from a study of its tennis elbow treatment.
  • Shares of cannabis company High Tide HITI -3.08% had been up premarket but pulled back after the opening bell. Its wholly-owned subsidiary Canna Cabana received approval to operate in British Columbia.
  • Shares of Merck MRK -0.26% edged down a day after it and partner Ridgeback Biotherapeutics said they have filed an application asking U.S. health regulators to authorize their Covid-19 pill, the next step toward adding a long-sought drug for use at home.

The Merck & Co. campus in Rahway, N.J., July 12, 2018.

Photo: brendan mcdermid/Reuters

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Write to Caitlin Ostroff at

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