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Wire

Top Midday Gainers

Scribe Therapeutics (SCTX) has priced an upsized initial public offering of 8.6 million shares at $15 apiece, it said late Thursday.Additionally, Scribe Therapeutics agreed to sell 500,000 of its shares at $15 apiece to Sanofi (SNY) in a concurrent private placement, which is expected to close on Monday.Shares of Scribe Therapeutics surged 47%. Intraday trading volume stood at over 544,000.Safety Insurance (SAFT) stock soared 41% amid heavy trading after the company agreed to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal, it said late Thursday.More than 691,000 shares of Safety Insurance traded intraday compared with a daily average of about 113,000.NIP (NIPG) has regained compliance with Nasdaq's minimum bid price requirement after receiving confirmation from the exchange on July 21, the company said Friday.Shares jumped 35%, with intraday trading volume rising to more than 56,000 versus the stock's daily average of about 11,000.Price: $22.56, Change: $+7.56, Percent Change: +50.37%

$NIPG$SAFT$SCTX$SNY
Sectors

Sector Update: Financial Stocks Advance Premarket Friday

Financial stocks were advancing premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.3% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.American Express (AXP) reported higher Q2 earnings and net revenue, with net revenue missing analysts' expectations. American Express stock was down more than 4% pre-bell.HSBC Holdings (HSBC) agreed to sell its HSBC Life (Singapore) insurance business to Allianz Asia Holdings for 2.70 billion Singaporean dollars ($2.09 billion). Shares of HSBC Holdings were up more than 1% premarket.Safety Insurance (SAFT) stock was up more than 41% after the company said it has entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.

$AXP$FAS$FAZ$HSBC$SAFT$XLF

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