Fresh off of a disappointing earnings release, FedEx (FDX - Get Report) announced that it is partnering with Wing Aviation - a subsidiary of Alphabet (GOOGL - Get Report) - to explore drone deliveries. The company will initially work with FedEx Express and Walgreens (WBA - Get Report) to launch the drone delivery service.

The pilot program will launch in Christainsburg, VA and October and will be run as part of the DOT's Unmanned Aircraft System Integration Pilot Program.

Datadog (DDOG) shares are rising nearly 2% in the second day of trading after jumping nearly 40% in its debut on Thursday. The New York cloud-monitoring-software company estimated its IPO in the $24-to-$26 range, but sold 24 million shares on Wednesday for $27 each ahead of Thursday's public debut.

Acreage (ACRGF) and Hexo (HEXO - Get Report)  were the top picks in MKM Partners Cannabis initiation roundup while Curaleaf and Aurora Cannabis were given sell ratings.

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