(Updated with Index Futures, Twitter, China Stocks, Illumina, Toast)
PARIS, Aug 12 (Reuters) – Key stocks to watch on Friday on Wall Street, where index futures so far suggest a rise of around 0.4%:
* JOHNSON & JOHNSON announced on Thursday that it will stop selling its talc worldwide in 2023, more than two years after it stopped selling it in the United States and Canada following thousands of accusations according to which the product has caused cancer in its users.
* PFIZER gained 0.4% ahead of the stock market after losing 3.3% the day before in response to growing concerns about Zantac-related lawsuits in the United States.
* TWITTER – Ark Invest, the investment fund manager led by Cathie Wood, announced that it had sold almost all of the balance of its stakes in the social network.
* RIVIAN – The electric-vehicle maker gained 1.6% in pre-opening trading, as the release of quarterly revenue above expectations took precedence over the forecast of a full-year operating loss larger than initially anticipated.
* CHINESE VALUES – Several Chinese public groups, including the insurer CHINA LIFE INSURANCE and the oil company SINOPEC, have announced their intention to put an end to their listing on the New York Stock Exchange. In pre-market trading, the stock listed on Wall Street of China Life lost 3.5% and that of Sinopec 2.5%.
* ILLUMINA – The action of the genetic sequencing laboratory fell by nearly 15% in pre-market after quarterly results deemed disappointing, which led at least four analysts to lower their price target.
* TOAST – The action of the software publisher for the catering sector jumped 15.9% in pre-market trading after the publication of a quarterly turnover higher than expectations and the raising of its annual forecast. (Written by Laetitia Volga and Marc Angrand, edited by Kate Entringer and Jean-Stéphane Brosse)