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Check out which companies are making headlines before the bell:
Valeant Pharmaceuticals — The drugmaker remains on watch after its stock price was slashed in Tuesday trading. That followed weaker-than-expected earnings and a revenue warning.
Oracle — The business software company reported adjusted quarterly profit of 64 cents per share. That was 2 cents above estimates, with revenue essentially in line, as Oracle saw improved results in its cloud business. The company also added $10 billion to its stock buyback program.
Chipotle Mexican Grill — Chipotle warned that it expected its first-ever quarterly loss, a change from its prior forecast for a break-even quarter. That follows news that the restaurant chain's February comparable-store sales plunged 26 percent following a series of food safety incidents last year.
Apple — Apple's latest legal filing in its high profile encryption case said the U.S. government has not yet exhausted all its options, and doesn't need the company's cooperation in investigating the recent San Bernardino terror attack. The government is trying to force Apple to assist in unlocking an iPhone belonging to the shooter in the incident.
Sanofi — The drugmaker struck a deal with U.S. firm DiCE Molecules that could pay the privately held company up to $2.3 billion. Sanofi will take an equity stake and pay DiCE an initial $50 million, as the two seek to develop new oral drugs that would replace injections for certain diseases.
LinkedIn — Morgan Stanley downgraded the business social network's shares to "equal-weight" form "overweight," citing slower enterprise growth among other negative factors.
Peabody Energy — The largest U.S. coal producer may need to file for bankruptcy protection, after it skipped a $71.1 million interest payment on its senior debt. The missed interest payment kicks off a 30-day grace period.
SunEdison — The alternative energy company will delay filing is 2015 annual report, as it works on finalizing its financial statements following an internal investigation of its accounting practices.
Gap — The apparel retailer's shares were downgraded to "underweight" from "equal-weight" at Morgan Stanley, which notes the recent surge in the stock amid what it considers weak fundamentals.
Caesars Entertainment — The casino operator could face more than $5 billion in damages, after a court examiner said a series of deals led to the company's $18 billion bankruptcy filing.
Time Warner Cable — The company's $55 billion deal to be bought by Charter Communications is likely to be approved by the Federal Communication Commission, according to The Wall Street Journal. The paper said chairman Tom Wheeler will likely circulate a draft order this week approving the transaction, with certain conditions attached.
IntercontinentalExchange — The owner of the New York Stock Exchange will be on watch today, after the London Stock Exchange (LSE) and Deutsche Boerse agreed to a $30 billion stock merger. ICE has been considering making an offer for LSE, while reports say CME Group has also been considering a bid.
Sony — Sony is delaying the release of its PlayStation VR until October, four months later than originally scheduled. Sony said it wants to have enough units and software available for the virtual reality system.
Volkswagen — The automaker is the target of a $3.7 billion lawsuit filed by almost 300 institutional investors. The suit claims damages from the large drop in the company's stock price after its diesel emission scandal was revealed.
Polycom — Polycom is in merger talks with Canada's Mitel Networks, according to Reuters. Polycom, a provider of voice and telephone equipment, has been under pressure from activist investor Elliott Management. Elliott has been calling for Polycom to combine with its Canadian rival.