MRNA - Hot Stocks: ERIC drops on earnings; TAP dividend; rumors of MGI takeover; FGEN's FDA snag

Orientfootage/iStock via Getty Images Earnings-related news remained a key theme on Friday. Ericsson (ERIC) dropped in pre-market action on a disappointing quarterly report. Molson Coors (TAP)(TAP.A) ticked up after it reaffirmed its forecast and reinstated its dividend. In other news, MoneyGram (MGI) got a boost in Friday's pre-market on speculation of a possible takeover bid. Moderna (MRNA) edged up on word that it was joining the S&P 500 index. Meanwhile, FibroGen (FGEN) suffered a sharp decline in Friday's pre-market. The decline came amid a setback in the firm's bid to get FDA approval for an anemia therapy in kidney patients. Swedish telecom giant Telefonaktiebolaget LM Ericsson reported quarterly results that missed the expectations of market analysts. This came as revenue dipped 1.3% compared to last year. ERIC fell 9% before the bell. Molson Coors Beverage moved the other direction on earnings-related news. The beer producer reaffirmed its full-year forecast, saying

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Hot Stocks: ERIC drops on earnings; TAP dividend; rumors of MGI takeover; FGEN's FDA snag