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Check out the companies making headlines before the bell: Nio — U.S.-listed stocks jumped more than 13% after the Chinese electric vehicle maker announced it would receive a $13 cash infusion .3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of this injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.’s stake in Nio China to 88.3%, down from 92.1%. Stellantis — Shares plunged more than 13% after the automaker lowered its full-year outlook, citing a deteriorating “global industry environment.” Ford and GM were also less sympathetic. Alibaba — Shares of the Chinese e-commerce giant rose about 4% after China’s central bank said it would ask banks to cut mortgage rates on existing home loans before the end of next month. It also sparked a broader rally in Chinese stocks, which had their best trading day since 2008. Rocket Lab — Shares rose more than 3%, extending the more than 12% gains seen during the session on Friday. The aerospace and defense sector name received an increase in its price target from KeyBanc Capital Markets on Friday, which cited “increased visibility/confidence in RKLB’s ability to grow its business . CVS Health — Pharmacy stock gained nearly 3% after The Wall Street Journal reported that hedge fund Glenview Capital, a major shareholder in the company, was scheduled to meet with CVS management on Monday to propose solutions to the company in difficulty. This could be the first step in an activist campaign. Crypto Stocks — Stocks linked to the price of bitcoin fell along with the cryptocurrency as investors grappled with uncertainty around the planned strike at eastern U.S. and Gulf Coast ports on Tuesday and after a significant rally last week. Coinbase fell 3% in premarket trading, while MicroStrategy fell 5%. Bitcoin was down 3% and trading below $64,000. — CNBC’s Lisa Kailai Han, Sarah Min and Tanaya Macheel contributed reporting.
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