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Inventory futures rose Monday following the worst week on Wall Road this yr.

These shares had been poised to make strikes Monday:

Seagen

(SGEN) was rising 12.5% in premarket buying and selling to $181.50 following a report from The Wall Road Journal that mentioned

Pfizer

(PFE) was in discussions to amass the biotechnology firm in a deal that may very well be price greater than $30 billion. The talks are nonetheless at an early stage and there’s no assure of a transaction, the Journal reported, citing folks conversant in the matter.

American depositary receipts of

Li Auto

(LI) gained 5.9% after the Chinese language electric-vehicle firm’s fourth-quarter earnings and gross sales beat analysts’ estimates and mentioned it expects first-quarter deliveries to rise as a lot as 73% from a yr earlier.

Union Pacific

(UNP) rose 4.9% after saying it plans to call a brand new chief govt this yr, following strain from New York hedge fund Soroban Capital Companions to oust Lance Fritz from the job. “The board is in search of a CEO with a robust observe document of success and experience throughout security, operational excellence, enhancing and driving customer support, innovation, worker tradition and sustainability,” Union Pacific mentioned in an announcement.

The $5.4 billion acquisition of TV broadcaster

Tegna

(TGNA) by hedge fund Normal Common will likely be examined by an administrative regulation choose, in line with the Federal Communications Fee. Tegna shares dropped 23% in premarket buying and selling.

Warren Buffett’s

Berkshire Hathaway

(BRK.B) was down 0.2% after working earnings declined 8% within the fourth quarter to $6.7 billion, damage by a drop in revenue on the firm’s railroad enterprise and a decline within the U.S. greenback.

Earnings studies are anticipated after the closing bell Monday from

Occidental Petroleum

(OXY),

Zoom Video Communications

(ZM), and

Workday

(WDAY).

Write to Joe Woelfel at joseph.woelfel@barrons.com