Take a look at some of the biggest movers in the premarket:
BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt. Starwood Capital, Fidelity Management and others are involved in the deal as so-called “PIPE” investors. BowX rose 3.6% in the premarket.
Ford Motor (F) – The automaker will idle production of its popular F-150 pickup truck through the weekend at a Michigan plant, due to the global semiconductor shortage.