Wall Street stocks edged up after the opening bell, as investors weighed rising energy prices and lingering worries about China’s property sector. Here’s what we’re watching in morning trading:

• Airbnb shares ticked up after the stock was raised to outperform from market perform by Cowen.
• Credit Suisse on Tuesday raised the price target for shares of MGM Resorts International to $68 per share from $33 a share.
• Shares of CureVac dropped after the German drug maker said its shot—once considered a promising Covid-19 vaccine candidate—would arrive too late to have a viable market. The company is shelving its most advanced Covid-19 vaccine and focusing on a new version.
• NanoVibronix shares were giving up some of Monday’s gains that came after the healthcare device company said results were positive from a study of its tennis elbow treatment.
• Shares of cannabis company High Tide had been up premarket but pulled back after the opening bell. Its wholly-owned subsidiary Canna Cabana received approval to operate in British Columbia.
• Shares of Merck edged down a day after it and partner Ridgeback Biotherapeutics said they have filed an application asking U.S. health regulators to authorize their Covid-19 pill, the next step toward adding a long-sought drug for use at home.

• Bionano Genomics agreed to buy BioDiscovery, a provider of software for analysis, interpretation and reporting of genomics data, for up to $100 million in cash and equity.
• Citrix Systems shares slipped after William Blair cut the stock to market perform from outperform Tuesday.
• Digital payments company Square was up, with no clear news though the stock was among the trending tickers on Stocktwits.
• Fastenal shares inched up in early trading. The maker of fasteners and other industrial equipment posted a rise in sales and earnings for the third quarter, though it noted that supply-chain and other input costs have risen.
• Westwater Resources shares climbed as the battery-grade graphite company approved Phase 1 construction of the Coosa Graphite Project in Alabama.
• Earnings from Pinnacle Financial Partners and Smart Global Holdings are due after markets close.

Chart of the Day

• The sunshine and breezes that make Brazil’s beaches a tourist destination have also drawn a large share of the world’s investment in solar and wind power to the country in recent years.

Write to Caitlin Ostroff at caitlin.ostroff@wsj.com