Stocks Making the Biggest Moves Premarket: Intel, Synopsys, Manchester United and More

Explore the noteworthy developments from companies ahead of the market opening:

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IntelThe semiconductor giant experienced a 2.2% surge following the announcement that the Israeli government has granted Intel $3.2 billion for the construction of a new $25 billion chip plant in southern Israel. This investment marks the largest ever made by a company in Israel, as reported by Reuters.

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Manchester UnitedShares of the soccer club climbed by 4.3% as British billionaire Jim Ratcliffe concluded a deal to acquire a quarter of Manchester United. Ratcliffe agreed to pay $33 per share, a notable increase from the closing price of $19.84 on Friday.

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Gracell BiotechnologiesGracell Biotechnologies witnessed a significant uptick of nearly 60% after pharmaceutical giant AstraZeneca disclosed its intention to acquire the China-based cell therapy company for a sum of up to $1.2 billion. Despite this, AstraZeneca's own shares experienced a marginal decrease of less than 0.1%.

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Bristol Myers SquibbThe biopharmaceutical stock saw a modest increase after confirming its plan to acquire radiopharmaceutical firm RayzeBio for approximately $4.1 billion, translating to $62.50 per share in cash. RayzeBio's shares soared by 99% ahead of the official announcement of the deal.

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NioShares of the Chinese electric carmaker surged by 4% following the unveiling of a flagship sedan at its annual customer event on Saturday. This new vehicle from Nio is positioned to compete with Porsche AG's Panamera series and the luxury S range from Mercedes-Benz Group AG, as reported by Trade Algo.

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Synopsys, AnsysIn the realm of software and chip design, Synopsys encountered a decline of 6.3%, while Ansys witnessed a gain exceeding 18%. The market move was triggered by Synopsys' submission of an acquisition offer for software maker Ansys, according to Trade Algo.

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These pre-market movements provide insights into the dynamic landscape of various industries, ranging from semiconductor manufacturing to pharmaceuticals and electric vehicles. As investors navigate these developments, they assess the potential impact on the market and individual company performances in the upcoming trading session.