Novo Nordisk, Eli Lilly fall after Trump comments on weight loss drug pricing
Investing.com -- U.S. stock futures retreated Monday, starting the new week on a cautious note after the record levels of the prior week in the wake of the Federal Reserve’s interest rate cut.
Here are some of the biggest premarket U.S. stock movers today:
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Kenvue (NYSE:KVUE) stock fell 4.9% following a Washington Post report indicating that the Trump administration plans to announce that pregnant women’s use of its Tylenol drug is potentially linked to autism.
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Fox (NASDAQ:FOX) stock rose 4.1% after President Donald Trump said in an interview on Sunday that Rupert Murdoch and his son Lachlan are likely to be involved in the deal to save TikTok in the United States.
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ASML (NASDAQ:ASML) ADRs rose 3.4% after Morgan Stanley upgraded its stance on the world’s biggest supplier of computer chip-making equipment to “overweight” from “equal-weight”, citing the potential for positive earnings revisions and a cyclical recovery into 2026–27.
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Snap (NYSE:SNAP) stock soared 6.3% after the parent company of social media platform Snapchat confirmed its plan to release consumer-ready Spectacles in 2026.
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Metsera (NASDAQ:MTSR) stock soared 60% after the obesity drug developer announced it was set to be bought by drugs giant Pfizer (NYSE:PFE), in a deal that was seen totaling $7.3 billion.
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Coinbase (NASDAQ:COIN) stock dropped 2.7%, with crypto-linked stocks falling after more than $1.5 billion in bullish positions were liquidated Monday.
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T-Mobile US (NASDAQ:TMUS) stock fell 1.1% after the telecom giant named current Chief Operating Officer Srini Gopalan as the company’s next chief executive officer, effective November 1.
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MBX Biosciences (NASDAQ:MBX) stock soared 100% after the company announced it will provide topline results from its Phase 2 clinical trial of a potential once-weekly drug for patients with chronic hypoparathyroidism.
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Rio Tinto (NYSE:RIO) ADRs rose 1.5% after the U.S. Defense Logistics Agency seeks to buy scandium oxide worth up to $40 million over the next five years from a unit of mining giant to secure supplies of the critical material for addition to the national stockpile.