Stocks – U.S. Steel Slumps, Spotify, Tesla Rise Premarket

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© Reuters. © Reuters. – Stocks in focus in premarket trading on Tuesday:

• (SA:) slumped 5.6% after saying it will buy Arkansas-based Big River Steel for up to $2.3 billion by 2023. It’s paying $700 million for an initial 49.9% stake and has an option on the rest.

• Comcast (NASDAQ:) stock was in focus after its video ads unit FreeWheel accused Google (NASDAQ:) of limiting it from selling client ads on YouTube.

• Spotify (NYSE:) stock jumped 1.7% after Evercore upgraded the music streaming company from underperform to in-line, citing a 30% share pullback since August.

Nike (NYSE:) stock gained 0.4% on news that it has accused Skechers of directing employees to copy competitor designs. The two shoe companies have been fighting in court for years.

• Minerva Neurosciences (NASDAQ:) stock slumped 27.4% after it disclosed a delay in issuing its schizophrenia drug results.

•Tesla (NASDAQ:) inched up 0.4% ahead of an update on third-quarter deliveries

•Tesla (NASDAQ:) inched up 0.4% ahead of an update on third-quarter deliveries

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