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North American Morning Briefing: Stock Futures -3-

05/16/2022 | 05:40am EDT

Chen Tong, Shanghai's deputy mayor, said Sunday that the city would begin allowing businesses to open on a limited basis starting Monday as daily Covid-19 infection cases continue to decline nearly two months into a hard lockdown of the city of 25 million people.


Mass Covid Testing, Already a Familiar Ritual, Becomes China's New Normal

China is doubling down on mass testing as a key weapon against Covid-19 even as costs mount and the highly infectious Omicron variant exposes challenges with the strategy.

Mass testing has become a part of daily life across the country. Similar to how many people in the West have had to show a vaccine pass to dine out, enter the office or get on a plane, in China, the thing not to leave home without is a negative Covid test.


Finland Plans Next Step in NATO Bid as Ukraine Mounts Counteroffensive Near Key Eastern City

KYIV, Ukraine-Finland said Sunday it would seek parliamentary approval to join NATO as Kyiv's forces began a counteroffensive toward the eastern city of Izyum, which Ukrainian officials said was aimed at disrupting Russian supply lines into the Donbas region.

Finnish President Sauli Niinistö said the government would apply for membership in the North Atlantic Treaty Organization subject to approval by parliament, which is widely expected, in the coming days.


Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines

KYIV, Ukraine-Ukraine began a counteroffensive toward the eastern city of Izyum aimed at disrupting Russian supply lines into the Donbas region, officials said, as Ukrainian forces continued clearing villages north of Kharkiv and Russian President Vladimir Putin warned his Finnish counterpart that joining NATO would risk damaging relations with Moscow.


Kathy Barnette Scrambles Pennsylvania GOP Senate Primary, Drawing Trump Ire

In the closing days of Pennsylvania's Republican primary for U.S. Senate, a candidate who has had a tiny fraction of the resources of the two front-runners is suddenly a contender, triggering attacks against her from different directions.

Kathy Barnette, an Army Reserve veteran and commentator, is surging in part because of a rise from poverty that includes being the product of sexual assault, something she has said helped forge her fierce opposition to abortion. She is also benefiting from endorsements in the final week of the primary campaign from two powerful conservative groups.


Election Officials Steel Themselves for Threats as Midterm Season Gears Up

Forrest Lehman, the elections director in Pennsylvania's Lycoming County, was brought up short earlier this year by a poll worker's question: What should I do if I get a death threat?

"I never would have had a question like that before 2020," said Mr. Lehman, expressing relief that he knew of no such threats in his largely rural county. "I don't expect that to happen," he added, "but it's illustrative that it's on their mind now."


Write to paul.larkins@dowjones.com TODAY IN CANADA

Earnings:

1Q unless stated otherwise

Charlotte's Web

Enthusiast Gaming

K92 Mining

Marathon Gold

MediPharm Labs

NanoXplore 3Q

Voyager Digital 3Q

Economic Indicators (ET):

0815 Apr Housing Starts

0830 Mar Monthly Survey of Manufacturing

0830 Mar Wholesale Trade


Expected Major Events for Monday

06:00/GER: Apr WPI

06:00/JPN: Apr Preliminary Machine Tool Orders

12:15/CAN: Apr Housing Starts

12:30/CAN: Mar Monthly Survey of Manufacturing

12:30/CAN: Mar Wholesale trade

12:30/US: May Empire State Manufacturing Survey

20:00/US: Mar Treasury International Capital Data

All times in GMT. Powered by Kantar Media and Dow Jones.


Expected Earnings for Monday

AIkido Pharma Inc (AIKI) is expected to report for 1Q.

AcelRx Pharmaceuticals Inc (ACRX) is expected to report $-0.06 for 1Q.

Alaunos Therapeutics Inc (TCRT) is expected to report $-0.05 for 1Q.

Altus Power Inc (AMPS) is expected to report for 1Q.

Angion Biomedica Corp (ANGN) is expected to report for 1Q.

Avenue Therapeutics Inc (ATXI) is expected to report $-0.49 for 1Q.

Brainstorm Cell Therapeutics Inc (BCLI) is expected to report $-0.13 for 1Q.

CEL-SCI Corp (CVM) is expected to report $-0.16 for 2Q.

Celsion Corp (CLSN) is expected to report for 1Q.

Chimerix (CMRX) is expected to report $-0.33 for 1Q.

Clear Secure Inc (YOU) is expected to report for 1Q.

Dynacor Gold Mines is expected to report for 1Q.

Galectin Therapeutics (GALT) is expected to report for 1Q.

HOOKIPA Pharma Inc (HOOK) is expected to report for 1Q.

Impel Pharmaceuticals Inc (IMPL) is expected to report for 1Q.

InnSuites Hospitality Trust (IHT) is expected to report for 4Q.

K92 Mining is expected to report for 1Q.

Kala Pharmaceuticals Inc (KALA) is expected to report $-0.34 for 1Q.

Lifeway Foods (LWAY) is expected to report for 1Q.

LogicBio Therapeutics Inc (LOGC) is expected to report for 1Q.

Luna Innovations (LUNA) is expected to report $-0.03 for 1Q.

Milestone Scientific Inc (MLSS) is expected to report $-0.03 for 1Q.

Mind Medicine (MindMed) Inc (MMED.GR) is expected to report for 1Q.

Mullen Automotive Inc (MULN) is expected to report for 2Q.

Nuvo Pharmaceuticals Inc (NRIFF) is expected to report for 1Q.

Orbital Energy Group Inc (OEG) is expected to report for 1Q.

Passage Bio Inc (PASG) is expected to report for 1Q.

PolarityTE Inc (PTE) is expected to report $-0.99 for 1Q.

Professional Diversity Network Inc (IPDN) is expected to report for 1Q.

S&W Seed (SANW) is expected to report $-0.10 for 3Q.

SPAR Group (SGRP) is expected to report for 1Q.

Siebert Financial Corp (SIEB) is expected to report for 1Q.

StageZero Life Sciences is expected to report for 1Q.

Stratus Properties (STRS) is expected to report for 1Q.

Synthetic Biologics Inc (SYN) is expected to report $-0.23 for 1Q.

Syros Pharmaceuticals Inc (SYRS) is expected to report $-0.46 for 1Q.

US Well Services Inc (USWS) is expected to report for 1Q.

Vidler Water Resources Inc (VWTR) is expected to report for 1Q.

Warby Parker Inc (WRBY) is expected to report for 1Q.

Weber Inc (WEBR) is expected to report for 2Q.

Powered by Kantar Media and Dow Jones.


ANALYST RATINGS ACTIONS

Atmos Energy Cut to Neutral From Buy by Goldman Sachs

Avaya Holdings Cut to Market Perform From Outperform by Cowen & Co.

Blackstone Sec Lending Fd Raised to Outperform From Market Perform by Raymond James

Brickell Biotech Cut to Hold From Buy by Lake Street

Carvana Cut to Hold From Buy by Jefferies

Constellation Energy Raised to Buy From Neutral by Guggenheim

Duolingo Raised to Outperform From Market Perform by Raymond James

Endeavor Group Holdings Raised to Buy From Neutral by UBS

Endeavor Group Holdings Raised to Overweight From Equal-Weight by Barclays

Evolus Raised to Equal-Weight From Underweight by Barclays

First Solar Raised to Overweight From Neutral by Piper Sandler

Fluence Energy Cut to Neutral From Buy by Goldman Sachs

Ford Motor Raised to Equal-Weight From Underweight by Morgan Stanley

Krispy Kreme Raised to Buy From Hold by HSBC

Mercury Systems Raised to Buy From Hold by Truist Securities

Meritage Cut to Peer Perform From Outperform by Wolfe Research

New Relic Cut to Hold From Buy by Needham

Oshkosh Cut to Underperform From Neutral by B of A Securities

Outbrain Cut to In-Line From Outperform by Evercore ISI Group

Paysign Raised to Outperform From Market Perform by Barrington Research

Proterra Cut to Underperform From Buy by B of A Securities

Pulse Biosciences Cut to Neutral From Buy by HC Wainwright & Co.

Redbox Entertainment Cut to Neutral From Buy by B. Riley Securities

Republic Services Raised to Buy From Neutral by B of A Securities

Squarespace Raised to Outperform From Neutral by Wedbush

Switch Cut to Equal-Weight From Overweight by Barclays

TuSimple Cut to Sector Perform From Outperform by RBC Capital

United Parcel Service Cut to Neutral From Overweight by JP Morgan

Waste Management Raised to Neutral From Underperform by B of A Securities

WEC Energy Group Raised to Buy From Neutral by B of A Securities

This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

05-16-22 0539ET

Stocks mentioned in the article
ChangeLast1st jan.
ACELRX PHARMACEUTICALS, INC. 3.60% 0.2591 Delayed Quote.-53.75%
AIKIDO PHARMA INC. -0.48% 6.25 Delayed Quote.-37.37%
ALAUNOS THERAPEUTICS, INC. 13.45% 1.35 Delayed Quote.9.17%
ALTUS GROUP LIMITED -0.57% 45.39 Delayed Quote.-35.68%
ALTUS POWER, INC. -3.17% 6.11 End-of-day quote.-41.53%
ALTUS SA 0.83% 1.22 Delayed Quote.-17.69%
ATMOS ENERGY CORPORATION 2.16% 113 Delayed Quote.5.57%
AVAYA HOLDINGS CORP. -6.11% 2.15 Delayed Quote.-89.14%
AVENUE THERAPEUTICS, INC. 1.23% 0.2632 Delayed Quote.-71.01%
BARCLAYS PLC 2.81% 151.08 Delayed Quote.-21.47%
BLACKSTONE INC. -0.06% 93.97 Delayed Quote.-27.37%
BRAINSTORM CELL THERAPEUTICS INC. -1.48% 2.66 Delayed Quote.-32.50%
BRICKELL BIOTECH, INC. -10.30% 3.57 Delayed Quote.-61.36%
CARVANA CO. -4.64% 26.3 Delayed Quote.-88.65%
CEL CORPORATION 0.37% 1922 Delayed Quote.0.00%
CELSION CORPORATION 3.41% 2.12 Delayed Quote.-73.83%
CHARLOTTE'S WEB HOLDINGS, INC. -1.64% 0.6 Delayed Quote.-53.13%
CHIMERIX, INC. -2.14% 2.29 Delayed Quote.-64.39%
CLEAR SECURE, INC. 2.75% 22.04 Delayed Quote.-29.74%
CONSTELLATION ENERGY CORPORATION 3.31% 56.76 Delayed Quote.0.00%
DUOLINGO, INC. -2.32% 96.95 Delayed Quote.-8.63%
DYNACOR GOLD MINES -1.01% 2.95 Delayed Quote.-6.65%
ENDEAVOR GROUP HOLDINGS, INC. -1.85% 21.19 Delayed Quote.-39.27%
ENTHUSIAST GAMING HOLDINGS INC. 5.26% 2.6 Delayed Quote.-30.11%
EVERCORE INC. -2.02% 92.61 Delayed Quote.-31.83%
EVOLUS, INC. 4.20% 12.91 Delayed Quote.98.31%
FIRST SOLAR, INC. -0.11% 66.16 Delayed Quote.-24.09%
FLUENCE ENERGY, INC. 0.98% 9.29 Delayed Quote.-73.88%
FORD MOTOR COMPANY -1.25% 11.06 Delayed Quote.-46.08%
GALECTIN THERAPEUTICS INC. -1.35% 1.46 Delayed Quote.-29.47%
GOLD 0.10% 1742.52 Delayed Quote.-3.29%
HOOKIPA PHARMA INC. 5.95% 1.78 Delayed Quote.-23.61%
IMPEL PHARMACEUTICALS INC. -1.61% 9.17 Delayed Quote.6.26%
INNSUITES HOSPITALITY TRUST 5.66% 2.8 Delayed Quote.28.44%
K92 MINING INC. -4.26% 7.2 Delayed Quote.0.14%
KALA PHARMACEUTICALS, INC. 5.81% 0.328 Delayed Quote.-72.89%
KRISPY KREME, INC. -0.36% 13.81 Delayed Quote.-27.01%
LIFEWAY FOODS, INC. -3.16% 4.6 Delayed Quote.0.00%
LOGICBIO THERAPEUTICS, INC. -1.23% 0.3951 Delayed Quote.-82.90%
MARATHON GOLD CORPORATION 10.83% 1.33 Delayed Quote.-58.95%
MEDIPHARM LABS CORP. 0.00% 0.075 Delayed Quote.-59.46%
MERCURY SYSTEMS, INC. -0.47% 62.95 Delayed Quote.14.87%
MILESTONE SCIENTIFIC INC. 10.48% 1.16 Delayed Quote.-49.03%
MORGAN STANLEY -0.87% 75.45 Delayed Quote.-23.14%
MULLEN AUTOMOTIVE, INC. 3.02% 1.02 Delayed Quote.-80.50%
MULLEN GROUP LTD. 0.00% 11.03 Delayed Quote.-5.16%
NANOXPLORE INC. -0.90% 3.32 Delayed Quote.-48.70%
NUVO PHARMACEUTICALS INC. 0.00% 0.67 Delayed Quote.-53.47%
ORBITAL ENERGY GROUP, INC. 2.80% 0.6525 Delayed Quote.-71.02%
OSHKOSH CORPORATION -1.10% 80.29 Delayed Quote.-28.76%
OUTBRAIN INC. -4.27% 5.16 Delayed Quote.-63.14%
PASSAGE BIO, INC. -0.40% 2.47 Delayed Quote.-61.10%
PAYSIGN, INC. 4.88% 1.72 Delayed Quote.7.50%
PIPER SANDLER COMPANIES -2.08% 111.38 Delayed Quote.-36.28%
POLARITYTE, INC. 1.94% 1.58 Delayed Quote.-89.44%
PROFESSIONAL DIVERSITY NETWORK, INC. 0.00% 0.74 Delayed Quote.-24.21%
PROTERRA INC. 0.00% 4.79 Delayed Quote.-45.75%
PULSE BIOSCIENCES, INC. -3.80% 1.52 Delayed Quote.-89.74%
REDBOX ENTERTAINMENT INC. 12.32% 6.29 Delayed Quote.-15.11%
REPUBLIC SERVICES, INC. 1.74% 131.82 Delayed Quote.-5.47%
S&P 500 0.36% 3845.08 Real-time Quote.-19.61%
S&P GSCI GOLD INDEX 0.26% 1013.92 Real-time Quote.-1.48%
SECURE, INC. -1.75% 900 Delayed Quote.0.00%
SIEBERT FINANCIAL CORP. -2.41% 1.62 Delayed Quote.-28.45%
SILVER 1.12% 19.3918 Delayed Quote.-17.43%
SPAR GROUP, INC. 0.88% 1.15 Delayed Quote.-7.32%
SQUARESPACE, INC. 0.04% 23.2 Delayed Quote.-21.36%
STAGEZERO LIFE SCIENCES LTD. -5.88% 0.08 Delayed Quote.-71.19%
STRATUS PROPERTIES INC. -3.00% 30.35 Delayed Quote.-17.01%
SYNTHETIC BIOLOGICS, INC. -2.65% 0.22 Delayed Quote.-19.18%
SYROS PHARMACEUTICALS, INC. -8.03% 0.8001 Delayed Quote.-75.46%
TERRA TOKEN (LUNA/USD) -0.42% 2.149 End-of-day quote.-97.66%
THE SPAR GROUP LTD 1.87% 139.01 End-of-day quote.-16.82%
TUSIMPLE HOLDINGS INC. -2.39% 7.75 Delayed Quote.-78.38%
VOYAGER DIGITAL LTD. 0.00% 0.335 Delayed Quote.-97.88%
WARBY PARKER INC. -2.02% 11.18 Delayed Quote.-75.99%
WASTE MANAGEMENT 1.89% 154.56 Delayed Quote.-9.11%
WEBER INC. -7.23% 7.44 Delayed Quote.-42.46%
WEC ENERGY GROUP 2.43% 101.26 Delayed Quote.4.32%
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