Pre-Open Stock Movers:

Meritor, Inc. (NYSE: MTOR) 44.5% HIGHER; Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.

Homology Medicines, Inc. (Nasdaq: FIXX) 26.2% LOWER; notified the company that its pheNIX gene therapy trial of HMI-102 in adults with phenylketonuria (PKU) has been placed on clinical hold due to the need to modify risk mitigation measures in the study in response to observations of elevated liver function tests. The Company expects to receive an official clinical hold letter within 30 days. Homology plans to provide an update pending further clarity from the FDA.

Karyopharm Therapeutics Inc. (Nasdaq: KPTI) 20.6% LOWER; announced changes to its clinical leadership team, including the appointment of Patricia Judson, M.D., as Senior Vice President of Medical Strategy and Stuart Poulton as Senior Vice President of Strategy and Portfolio Management. In addition, Jatin Shah, M.D. Executive Vice President and Chief Medical Officer has stepped down to pursue other professional opportunities, but will continue to serve Karyopharm in an advisory capacity.

Vicinity Motor Corp. (NASDAQ: VEV) 20% HIGHER; signed a sales and marketing agreement with Paradigm Automotive Corporation ("Paradigm"), an automotive sales, leasing and upfitting company in Ontario, Canada, including an initial CAD$12.0 million order for 100 VMC 1200 Class 3 electric trucks.

Houghton Mifflin Harcourt Company (Nasdaq: HMHC) 15% HIGHER; entered into a definitive merger agreement with certain affiliates of Veritas Capital, a leading private investment firm, for the acquisition of the Company. Pursuant to the terms of the agreement, HMH shareholders will be entitled to receive $21 in cash per share through a tender offer. The per share purchase price represents a 36% premium to the Company's unaffected share price as of January 13, 2022 and implies an equity value of approximately $2.8 billion.

Ocugen, Inc. (NASDAQ: OCGN) 14.2% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has lifted its clinical hold on the Companys Investigational New Drug application (IND) to evaluate the COVID-19 vaccine candidate, BBV152, known as COVAXIN outside the United States.

Digital World Acquisition (NASDAQ: DWAC) 12.7% HIGHER; Truth Social Launches on Apple's App Store

Yandex N.V. (NASDAQ: YNDX) 9.2% LOWER; falls on Russia/Ukraine situation

TEGNA Inc. (NYSE: TGNA) 7.9% HIGHER; TEGNA and Standard General L.P. today announced that TEGNA and an affiliate of Standard General have entered into a definitive agreement under which TEGNA will be acquired by the Standard General affiliate for $24.00 per share in cash. The transaction has an equity value of approximately $5.4 billion and an enterprise value of approximately $8.6 billion, including the assumption of debt.

DraftKings Inc. (NASDAQ: DKNG) 5.2% LOWER; Wells Fargo downgraded from Overweight to Equal Weight with a price target of $19.00 (from $41.00).

Macy's (NYSE: M) 4.9% HIGHER; reported Q4 EPS of $2.45, $0.49 better than the analyst estimate of $1.96. Revenue for the quarter came in at $8.67 billion versus the consensus estimate of $8.43 billion. Comparable sales up 28.3% on an owned basis and up 27.8% on an owned-plus-licensed basis versus Q4 2020; up 6.6% and up 6.1%, respectively, versus Q4 2019. The company also announced it won't spin-off its e-commerce unit. Macy's also announced a $2 billion share repurchase program authorized after completing current $500 million program and raised quarterly dividend by 5%.

SoFi Technologies, Inc. (NASDAQ: SOFI) 3.5% LOWER; today announced that it has entered into a definitive merger agreement to acquire Technisys, a leading cloud-native, digital multi-product core banking platform. Technisys shareholders will receive aggregate consideration of approximately 84 million shares of SoFi common stock, less than 10% of SoFis fully diluted share count as of September 30, 20211, subject to customary adjustments set forth in the Merger Agreement. These shares have an aggregate value of approximately $1.1 billion based on the volume weighted average price of SoFi common stock for the 20-trading day period ended February 15, 2022. The transaction is expected to close by the second quarter of 2022, subject to the satisfaction of closing conditions.

Home Depot (NYSE: HD) 3.2% LOWER; reported Q4 EPS of $3.21, $0.03 better than the analyst estimate of $3.18. Revenue for the quarter came in at $35.7 billion versus the consensus estimate of $34.8 billion. Comparable sales in the U.S. increased 7.6 percent.

Camping World (NYSE: CWH) 2.8% HIGHER; declared a quarterly dividend of $0.625 per share, or $2.5 annualized. This is a 25% increase from the prior dividend of $0.50