AMD shares surge as IBM reportedly uses its chips for quantum computing, Novartis to buy Avidity Biosciences for $12bn, HSBC sets aside $1.1bn for Madoff lawsuit costs

AMD shares rose 2.2% in pre-market trading after Reuters reported that IBM can use AMD's chips to run a quantum computing error correction algorithm. Novartis announced a $12bn deal to buy Avidity Biosciences, but its shares dipped 1.2%. HSBC shares fell 1.3% after the bank set aside $1.1bn for costs related to a lawsuit over Bernard Madoff's Ponzi scheme.