Premarket movers:

Mag 7 stocks are green across the board (Tesla +1.1%, Nvidia +3%, Alphabet +1.2%, Microsoft +0.3%, Apple +0.4%, Amazon +0.5%, Meta Platforms +0.6%).

89bio (ETNB) surges 83% after Roche said it will acquire the biopharmaceutical company for up to $3.5 billion.

Cracker Barrel (CBRL) falls 8% after its sales guidance missed expectations, showing the brand is still dealing with the fallout from its controversial and short-lived logo change.

CrowdStrike (CRWD) rises 4% in the wake of an investor briefing where the software company discussed its AI strategy and gave a preliminary FY27 outlook for net new annual recurring revenue that analysts see as strong.

Darden Restaurants (DRI) falls 6% after adjusted earnings per share missed expectations. Same-store sales growth for Olive Garden also came in below consensus estimates.

FactSet (FDS) slips 3% after the the financial data provider forecast adjusted earnings per share for 2026, guidance that missed the average analyst estimate.

GE Healthcare Technologies (GEHC) ticks 1.7% higher as the company is exploring options including the sale of a stake in its China unit, people familiar with the matter said.

Intel (INTC) climbs 28% after Nvidia agreed to invest $5 billion in the company and said the two will codevelop chips for PCs and data centers.

IonQ (IONQ) gains 4% after the company signed a MOU with the US Department of Energy to advance the development and deployment of quantum technologies in space.

Red Cat Holdings (RCAT) falls 10% after the drone technology company launched a secondary offering of shares via Northland Capital Markets.

(source BBG)

https://nitter.poast.org/zerohedge/status/1968649746546909342#m