US PRE-MARKET MOVERS: FDX, NUVL/GSK, SJM, APLD, AZN, AMAT, SAIL, MTN, RDDT

ES +0.4% NQ +0.8% RTY +0.9%

• FDX +0.2%: Raised annualised div. rate 5% to $4.88/shr, following one-time adjustment related to the spin-off of FedEx Freight (FDXF)
• NUVL +39%: GSK agreed to acquire Co. for $10.6bln (or $124/shr in cash); closed Mon. at $88.49/shr
• SJM +4.2%: EPS & rev. topped w/ FY profit view better than exp.
• APLD +11.5%: Signed 15-yr lease with a US-based hyperscaler at its Delta Forge 2 site which is exp. to generate $5.2bln in rev.
• AZN +0.5%: Oral GLP-1 receptor agonist elecoglipron achieved average body weight reduction of 10.5% at 26 weeks
• AMAT +2%: Raises Q div. ~15% to $0.53/shr
• SAIL -13.5%: Issued disappointing FY guidance
• MTN -4%: Profit light
• RDDT +5.2%: Positive comments from Piper Sandler