Some of the names on the move ahead of the open.
div > div.group > p:first-child"> Caterpillar — The heavy equipment maker was downgraded to "hold" from"buy" at Deutsche Bank, which sees increasing risk that backlog growth will turn negative.
Cigna — Cigna announced a program to cap insulin prices for eligible patients at $25 per 30-day prescription. Spark Therapeutics — Swiss drugmaker Roche said its planned $4.3 billion takeover of Spark is still on track, even though the deal is being scrutinized by U.S. regulators and only 29.4 percent of Spark shareholders have voted to support the deal so far.
PG&E — The utility will name Tennessee Valley Authority CEO Bill Johnson as its new CEO as soon as today, according to Reuters. Separately, a judge ruled that the utility may not resume paying dividends, instead using that money to fund its plans to reduce the risk of California wildfires.
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