Stocks making the biggest moves premarket: Apple, Alphabet, FedEx, Humana, Boeing & more

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Apple– Apple holds its Worldwide Developers Conference Monday and is reportedly set to announce the end of its iTunes store. Bloomberg reports that iTunes functions will be divided among three newly developed applications.

Alphabet– Alphabet’s Google unit is the subject of an upcoming antitrust probe by the Justice Department, according to multiple reports. The probe will focus on Google’s search and other businesses.

Cypress Semiconductor– The chipmaker will be bought by Germany’s Infineon for $23.85 per share in cash, a 34 percent premium over Friday’s close. The deal is valued at $10.1 billion including assumed debt.

HumanaIn an SEC filing, Humana said it did not intend to make a proposal to combine with health insurer Centeneas an alternative to Centene’s planned acquisition of WellCare Health Plans. Humana said this statement was a one-time exception to its policy of not commenting on market rumors.

Boeing– Some of Boeing’s 737 MAX jets may have faulty parts, according to the FAA. Boeing said it has identified 20 jets that most likely to have faulty parts and plans to check another 159 for the same parts.

Merck, AstraZeneca The drug makers reported upbeat study results involving their Lynparza drug. The treatment successfully stalled the advance of pancreatic cancer in certain patients.

Wynn Resorts, Las Vegas Sands These and other casino operators in Macau may see their stocks benefit after gaming revenue in Macau hit a five month high in May.