US PRE-MARKET MOVERS: CF/MOS/IPI, TEAM, OXY, TEL, PLTR, LLY, GFS, DG, MS

ES -0.5% NQ -0.4% RTY -1.1%

• CF +4.5% MOS +4.5% IPI +5%: Fertiliser names continued to extend on gains amid supply disruptions
• TEAM +2.5%: Will eliminate about 10% of its workforce
• OXY +2%: Double Upgraded at Wells Fargo
• TEL +1%: Authorised $3bln increase to share repurchase prog. & raised Q div. 10% to $0.78/shr
• PLTR flat: Teams up w/ NVDA to deliver sovereign AI operating system reference architecture
• LLY -0.5%: Compounded weight-loss drugs that contain vitamin B12 & main ingredient in Lilly's Zepbound could present health risks due to impurity
• GFS -2.5%: Priced 20mln share secondary offering at $42.00/shr, within the $41.60-42.60 guidance range
• DG -2.5%: FY SSS guidance slightly light
• MS -2%: Capped redemptions from one of its private credit funds, returning less than half of capital that investors sought to cash out