US PRE-MARKET MOVERS: MU, NIO, FRVO, MDT, NVS, HOOD

ES -0.6% NQ -1% RTY -0.5%

• MU -2.2%: Cos. Taiwan unions threaten strike over bonus dispute
• NIO -1.2%: Shallower loss per shr. than exp. while rev. missed
• FRVO +15.6%: Secured its largest power agreement to supply nearly 400MW of electricity to Google
• MDT +5%: EPS & rev. topped w/ FY outlook better than exp.
• NVS +4.5%: Positive trial data for its multiple sclerosis drug; remibrutinib “significantly” reduced relapse rates in MS patients relative to another treatments
• HOOD +2%: Upgraded at MS