Today's Pre-Market Movers and Top Ratings | DIS, TPR, CSCO, AAP and More

$Merck & Co (MRK.US)$ shares modestly rose by 0.4% after securing a lucrative deal with LaNova Medicines, aimed at developing and marketing a new cancer treatment, potentially worth $3.3 billion.

$Disney (DIS.US)$ experienced a 9% increase in stock prices after surpassing expected fourth-quarter income and revenue, driven by strong performance in its streaming services, which significantly boosted its entertainment revenue by 14%.

$Tapestry (TPR.US)$ 's stock value ascended by 7.7%, remaining resilient even though its planned merger with Capri was halted by regulatory intervention.

$Advanced Micro Devices (AMD.US)$ saw a 1% uptick in its shares after the company announced it would reduce its workforce by 4%—about 1,000 jobs—to cut costs and enhance its competitive edge in the artificial intelligence chip sector.

$General Mills (GIS.US)$ reported a 0.4% increase in stock prices following the announcement of its acquisition of Whitebridge Pet Brands' premium pet feeding and treating business in North America for $1.45 billion.

$Sonos (SONO.US)$ enjoyed a 6.6% rise in its shares after unveiling new products for the holiday season, supported by recent enhancements to its software.

$Campbell Soup (CPB.US)$ 's stock improved by 1.5% after an upgrade by Piper Sandler from ‘neutral’ to ‘overweight’, attributed to promising growth prospects with its Rao's brand.

$Capri Holdings (CPRI.US)$ 's stock fell by 5.7% after regulatory challenges led to the cancellation of its merger with Tapestry.

$Cisco (CSCO.US)$ shares decreased by 2.1% following the announcement of a weak full-year forecast and a report of declining revenue for the fourth consecutive quarter.

$Advance Auto Parts (AAP.US)$ experienced a 4.7% drop in stock value after reporting below-expectation results for the third quarter and reducing its full-year financial forecast.