Novo Nordisk (NVO) shares were 13% lower pre-bell Monday after the company said its weight-loss treatment CagriSema failed to achieve the primary endpoint in a late-stage trial.

IPower (IPW) stock was down 12% after the company reported late Friday it swung to a fiscal Q2 loss amid lower revenue.

Packaging Corp. of America (PKG) shares were 6% lower following a muted session.

International Paper (IP) stock was down 4% following a muted session.