US Pre-Market Movers: BMY/AZN, GME, LNTH, BABA, SPCX, MT, FERG, EBAY, CRCL, BA, SBUX
Newsquawk Staff ·
- AstraZeneca (AZN) -4.2% and Bristol Myers Squibb (BMY) +4.6%: The Two companies are in talks over a combination that would create a pharmaceutical group valued at nearly USD 400bln, according to the FT.
- GameStop (GME) -8%: Announces private exchange of USD 1.4bln of convertible senior notes for equity.
- Lantheus Holdings (LNTH) +3%: Curium confirms it is to merge with Lantheus Holdings (LNTH) in deal valued at USD 8bln, or USD 114.50/shr
- Alibaba (BABA) +4.2%: Unveiled Qwen3.8-Max, its largest AI model.
- SpaceX (SPCX) -1.8%: Shares slide ahead of earnings and subsequent lock up expiration; Bloomberg reports short interest of 219.34mln shares, 34% of publicly availabe stock.
- ArcelorMittal (MT) +2%: Announced expanded tech partnership with Microsoft (MSFT).
- Ferguson (FERG) +7.7%: To join S&P 500 prior to open on 5th August.
- Ebay (EBAY) -3.5%: Downgraded to Underweight from Equal Weight at Wells Fargo; PT USD 92 (prev USD 105)
- Circle Internet Group (CRCL) -6%: Downgraded to Underweight from Equal Weight at Morgan Stanley; PT USD 38 (prev USD 106)
- Boeing (BA) +1.8%: Upgraded to Outperform from Underperform at BNP Paribas Exane
- Starbucks (SBUX) +1%: Upgraded to Hold from Sell at Melius.
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Newsquawk European Market Wrap - 23rd October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
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