Elon Musk reportedly believes Tesla needs to cut 10% of its jobs, while OPEC agreed to a larger-than-expected production hike for July and August.
Turning Point Therapeutics shares more than doubled in premarket trading after the biopharmaceutical company agreed to be acquired by for $76 per share in cash, or $4.1 billion. Turning Point specializes in cancer treatments.
RH is slipping in the premarket after the luxury home goods company issued a weaker than expected full year revenue outlook. RH did report better than expected profit and sales for its latest quarter, and also announced a $2 billion expansion of its stock buyback program.
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