3M, XPeng, Hawaiian Electric Industries rise premarket; Novocure slides

Investing.com -- Stocks in focus in premarket trade on Monday, August 28th. Please refresh for updates.

• 3M Company (NYSE: MMM) stock rose 6.1%, following media reports that the industrial conglomerate has tentatively agreed to pay over $5.5 billion to resolve hundreds of thousands of lawsuits alleging that its earplugs sold to the U.S. military were defective.
• Xpeng Inc.'s (NYSE: XPEV) U.S. shares climbed 5.4%, following a move by the Chinese electric vehicle start-up to purchase DiDi Global Inc.'s (OTC: DIDIY) smart-car development business in a deal that both removes a possible competitor and adds a tech-savvy strategic partner.
• Hawaiian Electric Company, Inc. (NYSE: HE) shares surged 30% after its subsidiary Hawaiian Electric Co. released a statement saying its power lines were not energized when a deadly wildfire broke out on Maui earlier this month.
• VinFast Auto (NASDAQ: VFS) shares jumped 19% in the latest bout of volatile trading in the Vietnamese electric vehicle group that went public through a merger with a blank-check firm on August 15.
• Novocure Ltd. (NASDAQ: NVCR) shares slid 34.8% after the oncology company said a late-stage trial showed that its therapy missed its main target of improving survival rates in patients suffering from a type of ovarian cancer.

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