By Caitlin McCabe

General Motors $(GM)$: The automaker said it has scrapped its Cruise robotaxi program, after nearly a decade and $10 billion of development. Shares gained more than 1% premarket.

Walgreens Boots Alliance $(WBA)$: The Wall Street Journal reported that the pharmacy chain was in talks to sell itself to the private-equity firm Sycamore Partners, a deal that would take it off the public market. Walgreens shares fell more than 4% premarket.

Dave & Buster's Entertainment $(PLAY)$: Shares of the arcade-restaurant operator sank 15% premarket after the company reported a significantly wider quarterly loss and said its chief executive has resigned.

GameStop $(GME)$: The videogame retailer swung to a quarterly profit, aided by lower expenses. The company's shares, which are a favorite among meme-stock investors, rose more than 3% premarket.

Macy's $(MIMI)$: Shares of the department-store chain were down about 1% premarket, ahead of its quarterly results. The report, initially scheduled for November, was delayed after Macy's discovered an employee had hidden up to $154 million in expenses over several years.

Adobe $(ADBE)$ will report results after the market close.

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(END) Dow Jones Newswires

December 11, 2024 04:58 ET (09:58 GMT)

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