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Transphorm, Canaan And Other Big Stocks Moving Higher In Thursday’s Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Thursday. Shares of Transphorm, Inc. (NASDAQ: TGAN) rose sharply in today’s pre-market trading. after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.

BITF

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Yixin steers away from young joint venture to stay focused on China auto market

Key Takeaways: Yixin will sell its 49% stake in a 2-year-old joint venture to partner Qingdao Caitong, which wants to expand into areas beyond the venture’s original auto leasing services Yixin’s auto financing business is growing despite an unsteady Chinese car market, fueled by booming demand for electric vehicles

FINV