US PRE-MARKET MOVERS: Mag-7, HUM/CVS/UNH/ELV, AVGO, ANET, CASY, ARM

ES -0.4% NQ -0.6% RTY -0.7%

• Mag-7: GOOGL flat MSFT -0.3% AMZN -0.3% META -0.4% AAPL -1% NVDA -1.2% TSLA -1.3%
• HUM +9.5% CVS +6.8% UNH +5.8% ELV +5%: US will raise average Medicare Advantage payments to private insurers by 2.48% in 2027
• AVGO +3%: Will produce future versions of Google’s AI chips & also expanded its deal w/ Anthropic
• ANET +1.3%: Upgraded at Rosenblatt
• CASY +0.9%: Will replace HOLX in the S&P 500, effective BMO on 9th April
• AAPL -1%: First foldable iPhone is facing setbacks in the engineering test phase that could delay mass prod. & shipments
• ARM -2.6%: Downgraded at Morgan Stanley
• Samsung Electronics: Prelim Q1 op. profit & rev. topped w/ upbeat comms.
• Pershing Square proposes $64bln merger deal w/ Universal Music Group