Stocks - Canopy Growth, ArQule Rise in Premarket; Microsoft Edges Lower

Investing.com -- Stocks in focus in premarket trade on Monday, 9th December.

Marijuana products group Canopy Growth Corp (NYSE:CGC) rose 5.9% after saying it has hired David Klein to be its new CEO. Klein is currently chief financial officer at brewer Constellation Brands (NYSE:STZ), whose stock was unchanged on the news.

U.K. supermarket chain Tesco (OTC:TSCDY) (LON:TSCO) rose 5.2% after confirming that it’s considering a sale of its remaining Asian businesses, estimated by analysts to be worth around $9 billion.

Microsoft (NASDAQ:MSFT) edged down 0.3% after a report that China is accelerating efforts to remove U.S. computers and software from government offices and public institutions.

Cancer drug maker Synthorx (NASDAQ:THOR) rose some 170% after agreeing to be bought by French pharma giant Sanofi (NASDAQ:SNY) for some $2.5 billion

ArQule (NASDAQ:ARQL), another oncology specialist, also more than doubled after agreeing to be bought by Merck & Co (NYSE:MRK) for $2.7 billion.

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