Why Baidu Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket - Aimei Health Technology (NASDAQ:AFJK), Adlai Nortye (NASDAQ:ANL)

Company Developments - Baidu Inc announced a proposed spinoff and separate listing of the H shares of Kunlunxin (Beijing) Technology Co., Ltd on the Main Board of the Hong Kong Stock Exchange, leading to a 12.3% increase in Baidu's shares to $146.69 in pre-market trading [1] Stock Movements - Eason Technology Ltd surged 47.8% to $2.66 in pre-market trading after a previous decline of 10% [5] - Aimei Health Technology Co Ltd gained 32.8% to $85.01 after falling 22% on Wednesday [5] - Biofrontera Inc rose 28.5% to $0.73 following a dip of over 20% on Wednesday, after announcing the completion of FDA approvals for its products [5] - ChowChow Cloud International HLDG Ltd reported a revenue increase of 81.3% year-over-year to $22.8 million and net income growth of 80% to $1.6 million, resulting in a 26.8% rise in shares to $0.77 [5] - Rubico Inc increased 24.7% to $1.33 after announcing a purchase agreement for a vessel-owning company [5] - Sable Offshore Corp gained 21.4% to $10.96 after a 3% increase on Wednesday [5] - Diginex Ltd rose 17.8% to $4.91 after an 8% decline on Wednesday [5] - Sellas Life Sciences Group Inc gained 8.2% to $4.08 after a 14% increase on Wednesday [5] - X T L Biopharmaceuticals Ltd rose 8.1% to $0.63 after a decline of over 16% on Wednesday [5] Declines - Outlook Therapeutics Inc fell 60.9% to $0.62 after the FDA issued a complete response letter regarding its biologics license application [5] - Moolec Science SA declined 21.5% to $0.20 after receiving a determination letter from Nasdaq regarding stockholders' equity requirements [5] - Intelligent Bio Solutions Inc fell 19.2% to $7.70 following a $10 million private placement announcement [5] - Nocera Inc declined 9.7% to $0.77 in pre-market trading [5] - Nuvve Holding Corp dipped 9.3% to $2.30 after announcing the closing of a private placement [5] - Net Lease Office Properties shares dipped 8.9% to $23.50 [5] - Adlai Nortye Ltd fell 7.6% to $1.31 after a previous decline of around 5% [5] - Semilux International Ltd dipped 7.4% to $0.75 after a 14% increase on Wednesday [5] - Progressive Corp tumbled 5.8% to $214.60 [5] - Huachen AI Parking Mgmt Tech Hldg Co Ltd fell 5.3% to $0.33 after an 8% increase on Wednesday [5]