All three major US stock indexes were up in late-morning trading Monday on hopes that the conflict between Iran and Israel may remain contained.

In company news, Meta Platforms (META) said Monday it will "slowly" introduce channel subscriptions, promoted channels and ads in Status in WhatsApp over the next several months. The new features will be available under the Updates tab in WhatsApp, Meta said. Shares of Meta were up 3% around midday.

Advanced Micro Devices' (AMD) GPU business is expected to see "a snapback" in Q4 after it works its way through most of the China-related charges, Piper Sandler analyst Harsh Kumar said in a note, adding that his team is "enthused with the product launches at the AMD event this week, specifically, the Helios rack, which we think is pivotal for AMD Instinct growth." AMD shares were up 9.7%.

Sarepta Therapeutics (SRPT) said Sunday it's temporarily suspending shipments of Elevidys for non-ambulatory patients with Duchenne muscular dystrophy following a second reported case of acute live failure resulting in death. The shipments will remain suspended while an "enhanced" immunosuppressive regimen is assessed, discussed with regulatory bodies and put in place, the company said. Sarepta shares were down 45%.

Eaton (ETN) said Monday it has agreed to acquire Ultra PCS from Cobham Ultra for $1.55 billion. The deal is expected to close in H1 of 2026, subject to customary closing conditions and regulatory approvals, Eaton said. Shares of Eaton were up 4.6%.

Supernus Pharmaceuticals (SUPN) has agreed to acquire Sage Therapeutics (SAGE) in a deal worth up to $795 million, the companies said Monday. Under the terms of the deal, which is expected to close in Q3, Supernus will pay $8.50 per share in cash, or about $561 million, at closing, plus one non-tradeable contingent value right worth up to $3.50 per share in cash, or about $234 million. Supernus shares were up 2.7%, while those of Sage were up 35%.

Warner Bros. Discovery (WBD) said Monday it has received necessary approvals from holders of certain series of notes to adopt proposed amendments to the indentures governing those notes. The move is part of the media company's plan, announced June 9, to split into two separate publicly traded companies. As part of that process, the company made offers to buy back up to $14.6 billion of its outstanding notes and debentures while also seeking consent to modify the terms of specific notes. Warner Bros. shares were up 4.7%.

Roku (ROKU) and Amazon.com's (AMZN) Amazon Ads have partnered on an integrated advertising platform for connected television in the US, the companies said Monday in a joint statement. The partnership will deliver logged-in reach to about 80 million connected TV households in the US across major streaming apps, including The Roku Channel and Prime Video, for advertisers, the companies said. The new offering will be available by Q4. Roku shares were up 8.6%, while those of Amazon were up 1.7%.

Baker Hughes (BKR) said Monday it agreed to acquire Continental Disc from investment partnerships managed by Tinicum for about $540 million in an all-cash deal. The deal is expected to close in Q4 and will be funded with cash on hand and is expected to be immediately accretive to earnings and free cash flow per share, Baker Hughes said. Shares of Baker Hughes were flat.

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