Investing.com -- Stocks to watch in premarket trade on Monday, 23rd December. Please refresh for updates.
- Aurora Cannabis Inc (NYSE:ACB) fell 2.2% after saying it would rein in its planned expansion to conserve liquidity and cuts its short-term debt.
- It said it has enough capacity to meet demand in the short term and said previously-announced deferral of building activity will conserve some $200 million in cash.
- “The company expects to have the flexibility to ramp up projects as global demand dictates,” it said.
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ADRs in German chemicals group Bayer (DE:BAYGN) (OTC:BAYRY) were in focus after its local shares in Germany rose 2.7% to a two-month high on the back of news of a rare win in its litigation struggles over the weedkiller Roundup.
The Department of Justice and Environmental Protection Agency argued in a ‘friend-of-the-court’ brief on Friday for the reversal of a court ruling that instructed Bayer to pay $25 million to a man who blamed Roundup for his cancer.
Bayer assumed liability for Roundup-related cases when it bought Monsanto (NYSE:MON).