BUSINESS Under Armour (UAA) – Under Armour shares jumped 4.5% in the premarket, after the athletic apparel maker beat estimates on the top and bottom lines and the company raised its full-year forecast. Under Armour reported quarterly earnings of 24 cents per share, compared to a consensus estimate of 6 cents a share.
Translate Bio (TBIO) – French drugmaker Sanofi (SNY) agreed to buy the U.S.-based biotech company for $3.2 billion, or $38 per share in cash. Translate Bio specializes in mRNA technology, the type that was used to produce the Pfizer and Moderna Covid-19 vaccines. Translate Bio shares soared 29.6% in premarket trading.
