Premarket movers Mag 7 stocks are all lower (Nvidia -0.1%, Alphabet -0.1%, Microsoft -0.2%, Apple -0.4%, Meta -0.4%, Tesla -0.5%, Amazon -0.6%). Furniture stocks are reacting after President Trump announced a “major Tariff Investigation on Furniture coming into the United States.” Arhaus (ARHS) -3%, Ethan Allen (ETD) +3%, RH (RH) -7%, Wayfair (W) -6% American Eagle Outfitters (AEO) falls 3% after BofA Global Research cut the recommendation on the apparel retailer to underperform amid tariff pressures on profitability. Axogen (AXGN) drops 14% after the FDA extended its review its Biologics License Application for Avance Nerve Graft by three months, pushing the decision date to Dec. 5. Dyne Therapeutics (DYN) rises 6% after Raymond James raised the recommendation to strong buy from outperform, citing optimism about an investigational therapy for Duchenne muscular dystrophy, a rare muscle disease. Keurig Dr Pepper Inc. (KDP) is down 4% after after the announcement of a deal to buy JDE Peet’s NV for 18.4 billion in an overhaul that will see it split the coffee business from other beverage operations only a few years after a deal that combined them. PDD Holdings Inc. (PDD) surges 6% after company behind the popular Temu platform reported net income and adjusted earnings per American depositary receipts that beat the average analyst estimates. Verint Systems Inc (VRNT) jumps 12% after Bloomberg reported that buyout firm Thoma Bravo is nearing a deal to acquire the call center software maker. (source BBG)