PayPal Soars on Acquisition Rumor, Alibaba AI Integration, and Health Insurers' Q2 Woes

1. PayPal shares surged 13.5% premarket following reports of a potential acquisition offer exceeding $53 billion from Stripe and Advent.
2. Alibaba shares climbed 5% premarket on news of its Qwen AI integration into Apple Intelligence in China.
3. U.S. health insurers, led by Elevance Health's 12% drop, fell premarket after Elevance reported disappointing Q2 results.