Check out the companies making headlines before the bell. Novo Nordisk – Shares plunged more than 19% after the Danish pharmaceutical giant reported disappointing late-stage trial results for its experimental weight loss drug, CagriSema. Rival obesity drug maker Eli Lilly rose more than 6% following the results. FedEx – Shares jumped 8.5% after FedEx announced a spinoff of its freight business . Elsewhere, the company said earnings per share for the fiscal second quarter came in at $4.05, excluding items, while analysts polled by LSEG anticipated just $3.90. On the other hand, the company saw $21.97 billion in revenue for the quarter, under the consensus forecast of $22.10 billion. Nike – The athletic apparel retailer’s stock sank more than 7%. Nike topped Wall Street’s already low expectations but showed a decline in revenue and earnings year over year. The company’s CEO also said that Nike’s turnaround plan could take longer than anticipated. Mission Produce – The stock advanced more than 10% following the avocado producer’s better-than-expected results for the fiscal fourth quarter. U.S. Steel – The steel producer shed 6% after issuing weak fourth-quarter guidance. For its current quarter, U.S. Steel expects a loss between 25 cents to 29 cents per share. On the other hand, analysts polled by FactSet had expected a per-share profit of 22 cents. Tesla – Shares fell nearly 5%, exten …
