Stock futures were falling Tuesday and oil prices rose as Israel and Iran continued exchanging missile attacks and President Donald Trump in social-media posts urged an immediate evacuation of Tehran.
These stocks were poised to make moves Tuesday:
Sunrun fell 27%, SolarEdge fell 20%, Enphase Energy fell 17%, and First Solar fell 11% as Senate Republicans detailed changes to Trump's tax-and-spending bill that would phase out solar, wind and energy tax credits by 2028.
Regencell Bioscience Limited shares jumped 47% in premarket trading on Tuesday. A biotech stock focused on herbal medicine has surged by more than 46,000% so far this year and yet, the company itself has made zero revenue — much less turned a profit.
Verve Therapeutics was rising 81% following a report that said Eli Lilly was in advanced talks to buy the gene editing start-up for up to $1.3 billion. The Financial Times reported Lilly would pay almost $1 billion upfront to acquire for Verve, and a further $300 million based on Verve achieving certain clinical milestones. The Financial Times cited two people familiar with the matter. Lilly was down 1.2%.
Advanced Micro Devices was up 0.8% in premarket trading. The chip maker ended Monday's session up 8.8% at $126.39, the stock's largest daily percentage gain since April 9, when it rose nearly 24%, according to Dow Jones Market Data. Analysts have been bullish on the company's new artificial-intelligence chips, the Instinct MI350 series, which were designed to compete with market leader Nvidia.
NVIDIA, meanwhile, fell 0.1%. Nvidia closed up 1.9% on Monday.
SRM Entertainment, Inc. shares fell 5% in premarket trading on Tuesday after soaring 533.8% on Monday. Justin Sun’s digital asset platform Tron is preparing to go public in the United States through a reverse merger with SRM Entertainment, according to the Financial Times.
Oil stocks jumped again in premarket trading. Robin Energy rose 18%; Houston American rose 15%; US Energy rose 10%; BP rose 2%; Shell, Occidental and ConocoPhillips rose 1%.
Aerospace and defense technology company Redwire tumbled 12% in premarket trading after the company announced Monday it has commenced an underwritten registered public offering of $200 million of its common stock.
T-Mobile shares dropped 4% in premarket trading. Japan's SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to a term sheet reviewed by Reuters.
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