US PRE-MARKET MOVERS: Mag-7, QCOM, OGN, VZ, SNAP, IONQ/SKYT, PINS, ADBE, ORCL, NMR, DPZ

ES flat NQ +0.2% RTY +0.1%

• Mag-7: NVDA +1.4% GOOGL +0.5% META flat AMZN -0.1% MSFT -0.3% TSLA -0.5% AAPL -1.8%
• QCOM +12.5%: OpenAI working w/ MediaTek & QCOM on mobile processors; AAPL -1.8%
• OGN +17%: To be acquired Sun Pharma for $14/shr in cash; OGN closed Fri. at $11.26/shr
• VZ +4.5%: EPS, adj. EBITDA surpassed exp.; raises FY26 profit view
• SNAP +2%: Upgraded at Rothschild
• IONQ +1.5% SKYT -3.5%: Both received 2nd FTC request for additional information re. IONQ’s planned acquisition of SKYT
• PINS -1.2%: Downgraded at Rothschild
• ADBE -1.5%: Downgraded at Mizuho
• ORCL -1.5%: Cos. $16bln financing for a Michigan data centre closed after months of negotiations w/ investors
• NMR -2%: Profit fell short due to write downs & a loss in Europe
• DPZ -4%: EPS, rev. & SSS all missed