Premarket Movers:
Mag 7 stocks post modest gains (Nvidia +0.2%, Tesla +0.2%, Meta +0.4%, Microsoft +0.3%, Amazon -0.09%, Alphabet is flat, Apple -0.4%)..
Atlassian Corp. (TEAM) rises 5% after announcing it is ending its data center product over the coming three years and will move customers to its cloud platform.
Brighthouse Financial (BHF) is up 11% after the Financial Times reported that Aquarian Holdings is in late-stage talks with two Middle Eastern investors to finance a takeover of the life insurer.
Fox Corp. (FOXA) falls 4% and News Corp. (NWSA) declines 4% after Rupert Murdoch and his children resolved a messy family feud with a settlement that gives favored son Lachlan Murdoch broad control and ensures Fox News and the rest of the sprawling media empire retains its conservative slant.
Planet Labs (PL) is down 10% after after the company said it would offer $300 million of Convertible Senior Notes due 2030. The shares soared 48% in Monday’s regular session.
Nano Dimension Ltd. (NNDM) rises 2% after initiating a review of strategic alternatives to maximize shareholder value and named David S. Stehlin as its new chief executive officer, replacing Ofir Baharav.
Nebius (NBIS) jumps 54% after the AI-centric cloud platform company said it will provide Microsoft access to GPU infrastructure capacity at its new data center in Vineland, New Jersey, over five years.
Sable Offshore (SOC) falls 9% following news that Governor Gavin Newsom seeks to impose further restrictions on California’s offshore oil industry, a setback to Sable and its controversial project off the coast of Santa Barbara County.
Teck Resources Ltd.’s US-listed shares (TECK) climb 16% after Anglo American PLC agreed to acquire the Canadian miner for 1.3301 shares for each Teck share. Anglo will also pay its investors a $4.5 billion special dividend ahead of the combination. Anglo shares leaped 9.1% in London.
UnitedHealth Group Inc. (UNH) rises 4% after saying it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business.
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