Today's Pre-Market Movers and Top Ratings | PSTX, LLY, KSS, BBY and More

$Poseida Therapeutics (PSTX.US)$' stock jumped over 200%. This happened because Roche, a Swiss company, is buying Poseida for up to $1.5 billion in cash.

Shares of weight-loss drug maker $Novo-Nordisk A/S (NVO.US)$ and $Eli Lilly and Co (LLY.US)$ rose 2.1% and 4.9% respectively on Tuesday as U.S. President Jo Biden proposed expanding coverage of anti-obesity drugs for millions on Medicare and Medicaid.

$Arqit Quantum (ARQQ.US)$ rises 4% in pre-market trading, after the stock price increased 37% yesterday. Amazon has launched the Quantum Embark Program to accelerate the integration of quantum computing and AI in recent days.

$Dick's Sporting Goods (DKS.US)$ stock jumped 8.2% after raising its full-year outlook. CEO Lauren Hobart cited an "excellent" back-to-school season and better-than-expected Q3 comparable sales as key factors driving the improved forecast.

$Intel (INTC.US)$ s stock went up 0.4%. The US government is giving them $7.86 billion in subsidies, which is less than the $8.5 billion originally planned. Intel also got $3 billion from the Pentagon.

$Analog Devices (ADI.US)$' stock increased by 5.6%. Their profit in the fourth quarter was lower than last year, but it was still better than what experts predicted.

$Kohl's Corp (KSS.US)$ has lowered its annual sales forecast, signaling difficulties in attracting shoppers before the holiday season. The company reported its eleventh consecutive quarter of declining same-store sales, with a 9.3% drop. As a result, Kohl's shares fell about 17% in pre-market trading, reflecting investor concerns about the retailer's performance in a competitive market.

$Best Buy (BBY.US)$ shares fell 7% in pre-market trading Tuesday after the electronics retailer reported disappointing Q3 results. The company also lowered its full-year sales outlook, indicating weaker consumer demand before the holiday season. Comparable sales declined 2.9%, with softer demand in appliances, home theater, and gaming categories.

Cryptocurrency-related companies $MicroStrategy (MSTR.US)$ and $Coinbase (COIN.US)$ are down 5% and 4.4% respectively in pre-market trading. The price of Bitcoin fell to $92,000, marking a nearly 5% drop within a single day. The vast majority of liquidations were from long positions, totalling around $413 million.