US PRE-MARKET MOVERS: Mag-7, SKHY, MGM, SHOP, Samsung

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A judge in Italy has reportedly rejected Inwit's (INW IM) bid to suspend Telecom Italia's (TIT IM) withdrawal from a lease contract, according to Reuters citing sources

US BROKER MOVES: SHOP upgraded at Jefferies; PZZA downgraded at BofA

US PRE-MARKET MOVERS: Mag-7, SKHY, MGM, SHOP, Samsung

US President Trump says on Iran and oil, we're taking over the Strait of Hormuz; Iran has nothing; Iran leaders are professional negotiators; Iran hasn't gotten anything

US President Trump says may see shutdown in September if filibuster does not end

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ES -0.4% NQ -1% RTY -0.3%

  • Mag-7: MSFT +0.6% AAPL +0.2% AMZN -0.1% GOOGL -0.4% META -0.7% TSLA -0.9% NVDA -1.5%
  • AAPL sued OpenAI & two former employees for alleged trade secrets theft
  • SKHY -9.5%: Seoul-listed shares tumbled by more than 15% overnight amid earnings concerns; weighing on broader tech
  • MGM +3%: Negotiating a potential deal w/ Barry Diller’s People after receiving a takeover offer
  • SHOP +3.3%: Upgraded at Jefferies
  • Samsung Electronics begun preparations to manufacture Tesla’s AI5 chip using its 2nm process at its Texas plant

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