Square gets hit with an analyst downgrade and Walgreens falls on disappointing earnings.
— Square dropped around 1% in the premarket after a Cowen analyst downgraded the stock to "market perform" from "outperform." The analyst noted Square's run-up of more than 200% since mid-March is "too much, too fast" and that the stock has priced in all the good news from its Cash App business.
— The biopharmaceutical company and Massachusetts General Hospital reached a deal in which the hospital will provide a BioXcel investigational drug to coronavirus patients that may require calming. BioXcel shares rose more than 4% on the news.
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