Faraday Future Intelligent Electric Inc. (FFIE)

Faraday Future Intelligent Electric Inc. stock climbed 6.8% after executives at the electric-mobility ecosystems group said that several top executives, including incoming Chief Executive Matthias Aydt, have agreed to salary reductions and stock purchase agreement.

Alibaba Group Holding Limited (BABA)

Shares of China e-commerce group Alibaba Group Holding Limited rose 4.2% after a rally for Hong Kong’s Hang Seng Index, which closed up 2.2% after two days of selling that took the index to its worst level in a month this week.

NIO Inc. (NIO)

Shares of Chinese EV maker NIO Inc. climbed 3.3% after a rally for Hong Kong’s Hang Seng Index, which closed up 2.2% after two days of selling that took the index to its worst level in a month this week.

Activision Blizzard Inc. (ATVI)

AstraZeneca PLC (AZN)

AstraZeneca PLC shares rose 1.8% after the pharmaceutical company and partner Daiichi Sankyo Co. said trial results for its breast cancer drug Dato-DXd were highly positive.

Stock Decliners

Scholastic Corp. (SCHL)

Shares of Scholastic Corp. dropped 16% after the children’s book publisher late Thursday reported a worse-than-expected loss for the second quarter, pinning it on the summer’s school break and timing of some of its revenue.

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