
zerohedge|Jul 10, 2025 12:05
Premarket movers:
Mag 7 stocks are mixed (Tesla +1%, Nvidia +0.9%, Meta little changed, Microsoft -0.1%, Alphabet -0.07%, Amazon -0.3%, Apple -0.5%).
MP Materials (MP) soars 42% after the company struck a multi-billion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.
Conagra Brands (CAG) falls 4% after the packaged food manufacturer posted 4Q sales that disappointed.
Delta Air Lines Inc. (DAL) rises 12% after the carrier issued a new profit target for this year after pulling the goal three months ago.
Embraer (ERJ) ADRs fall 6% after President Donald Trump said he will impose 50% tariffs on goods from Brazil.
Mach Natural Resources (MNR) shares are halted for news pending.
Mereo BioPharma Group (MREO) US-traded shares slide 34% and partner Ultragenyx Pharmaceuticals (RARE) drops 22% following a disappointing trial update for an experimental drug aimed at treating a bone disorder called osteogenesis imperfecta.
WK Kellogg (KLG) rises 51%, with Ferrero International SA said to be nearing a deal to acquire it for about 3 billion. Shares first jumped after the WSJ reported Wednesday that the two companies are nearing a deal.
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