5 Things to Know Before the Stock Market Opens [Video]

U.S. stock futures are edging lower in premarket trading after tumbling Wednesday on the back of a hotter-than-forecast inflation reading that dampened hopes that the Federal Reserve will cut rates any time soon. Benchmark 10-year U.S. Treasury yields are little changed after the sticky and surprising Consumer Price Index numbers sent them to their highest levels of the year, with the Producer Price Index on deck today; shares of Alpine Immune Sciences (ALPN) are surging after Vertex Pharmaceuticals (VRTX) offered $4.9 billion for the biotech firm; shares of Regeneron Pharmaceuticals (REGN) are falling as the Department of Justice accuses it of price gouging for its vision drug Eylea; and Amazon (AMZN) Chief Executive Officer (CEO) Andy Jassy says the tech giant is committed to cost cutting while investing heavily in artificial intelligence (AI). Here’s what investors need to know today.

U.S. stock futures were pointing lower after tumbling Wednesday following the …