Kanye West stretched his hands and the GAP's stock jumped 42%
GAP stock surged as much as 42% on Friday after the clothing giant said it struck a 10-year partnership with Kanye West and his Yeezy fashion brand. The GAP is targeting $1 billion in annual sales from the partnership in five years. Click here to read more.
Chesapeake Energy has become a casualty of the drop in oil and gas prices amid the coronavirus pandemic. The company has said that its $7 billion in debt will be wiped out through the bankruptcy restructuring. Click here to read more.
Facebook, which gets 98% of all of its revenue from advertising, saw its stock drop 8% on Friday after Unilever halted advertising on Facebook’s family of apps. Unilever also announced it will pull all its Twitter ads through the end of the year. Click here to read more.
Take a look at some of the biggest premarket movers
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