Fly Intel: Pre-market Movers

HIGHER: Sprint (S) and T-Mobile (TMUS), up 23% and 6%, respectively, after Reuters reported that the companies and the FCC will announce an agreement on conditions for the planned merger, but that the FCC will not formally approve the merger today as it must still draft its order... Qiagen (QGEN), up 3% after the U.S. launch of its QIAstat-Dx syndromic testing system after receiving 510 clearance by the FDA... The Medicines Co. (MDCO), up 6% after announcing interim results from the ongoing ORION-3 open-label extension study, which showed that twice-a-year dosing with inclisiran sodium 300 mg resulted in consistent lowering of low density lipoprotein cholesterol by more than 50% with overall follow-up of up to three years. DOWN AFTER EARNINGS: Pinduoduo (PDD), down 4%... SpartanNash (SPTN), down 3%... Lumentum (LITE), down 5%. LOWER: Intel (INTC), down 2.5%, Qualcomm (QCOM), down 4%, Broadcom (AVGO), down 5%, Xilinx (XLNX), down 5% and STMicroelectronics (STM), down 7% after Bloomberg reported that the chipmakers are among those that have told employees they will not supply Huawei until further notice in the wake of the U.S. ban. Google (GOOGL) is also down 1.5% as it is said to have cut off the supply of hardware and some software services to the Chinese giant.