Sirius XM invests in Pandora, Endo sinks after FDA request, Snap gets another downgrade

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Endo International (ENDP) shares sank in early trading after the FDA asked the company’s pharmaceutical division to pull its opioid painkiller, OPANA ER, from the market due to concerns about people abusing the drug.

Investors are also tracking shares of Google’s parent company—Alphabet (GOOGL)—following news that it’s selling two robotics companies, Boston Dynamics and Tokyo-based Schaft, to Softbank. The deal will help the Japanese firm expand its artificial intelligence portfolio. Terms of the deal were not disclosed.

It’s finally official. Sirius XM (SIRI) is making a major investment in Pandora Media (P). The satellite radio company is pouring $480 million in cash into the music streaming company.

Ford (F) is looking to trim its global workforce by 1,400 employees by offering buyout packages to 15,000 salaried workers in North America and Asia amid slowing sales in the US and China.

And another analyst is turning bearish on Snap (SNAP). Citi downgraded the stock this morning to neutral from buy and cut its price target on the stock by $4 to $24 a share. The firm believes user growth will remain modest in the near term and that ad revenue growth may be slower than it expected for the second half of the year.