Check out the companies making headlines before the bell. Oracle — Shares were up more than 5% in the premarket after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake. Coinbase — The crypto exchange rose nearly 3%. On Thursday, the U.S. Securities and Exchange Commission issued long-awaited guidance for broker-dealers like the cryptocurrency exchange. CoreWeave — The stock rose 5.5% after the cloud infrastructure technology company joined the Department of Energy’s Genesis Mission to advance U.S. research and innovation. Additionally, Citi resumed coverage CoreWeave and a price target implies that shares could double from current levels. Nike — The apparel giant dropped 10% after its fiscal second quarter results showed a 17% drop in China sales, overshadowing better-than-expected earnings and revenue for the period. — CNBC’s Fred Imbert contributed reporting.
