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Rigel Pharmaceuticals, Inc. RIGL stock gained more than 1 percent early Wednesday morning. The FDA said it has approved the company's TAVALISSE therapy for the treatment of thrombocytopenia in adult patients with chronic immune thrombocytopenia.

Tesla Inc TSLA gained nearly 2 percent early Wednesday morning after investors had time to digest reports of Model 3 production plans. Tesla CEO Elon Musk said in an email to employees the company is aiming to produce 5,000 Model 3 units per week by the end of June.

Seadrill Ltd SDRL was trading higher by more than 26 percent. On Tuesday, a U.S. court approved the company's plan to exit Chapter 11 bankruptcy that includes raising around $1 billion in new debt and equity through a rights offering which will be led by its biggest shareholder.

Morgan Stanley MS stock was trading higher by more than 2 percent. The banking giant reported its first quarter results earlier and earned $1.45 per share on revenue of $11.08 billion. Wall Street analysts were expecting the company to earn $1.25 per share on revenue of $10.36 billion.

Intuitive Surgical, Inc. ISRG was trading higher by more than 5 percent. The maker of robotic surgery devices reported its first quarter results after Tuesday's market close and earned $2.44 per share on revenue of $848 million. Wall Street analysts were expecting the company to earn $2.09 per share on revenue of $783.28 million.

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