Intel (INTC) shares are surging in premarket trading as Apollo Global Management reportedly mulls an investment, days after another report of a Qualcomm (QCOM) takeover approach; Palantir Technologies (PLTR) and Dell Technologies (DELL) become members of the 澳洲幸运5官方开奖结果体彩网:S&P 500 today; Taiwan Semiconductor Manufacturing Co. (TSM) and Samsung Electronics reportedly have been considering building UAE chip megafactories; AstraZeneca () shares are falling as its breast cancer drug misses its target; and China's sudden call for a press briefing tomorrow is raising expectations of a massive stimulus plan by regulators. U.S. stock futures are edging higher after the 澳洲幸运5官方开奖结果体彩网:Federal Reserve's 澳洲幸运5官方开奖结果体彩网:jumbo-sized interest-ratꦛe cut last week. Here's what investors need to know today.
1.🦄 Intel Stock Surges on Apollo, Qu⭕alcomm Reports
Intel (INTC) 澳洲幸运5官方开奖结果体彩网:shares are jumping 4% in premarket trading after Bloomberg reported on Sunday that asset manager Apollo Global Management has offered to invest as much as $5 billion in the 澳洲幸运5官方开奖结果体彩网:struggling chipmaker. The news came after The Wall Street Journal reported on Friday afternoon that Qualcomm (QCOM) has approached Intel about 澳洲幸运5官方开奖结果体彩网:a potential acquisition. Intel shares have lost more than half thei☂r value this yea﷽r.
2. Palantir, Dell Entering S&P 500 Today
Palantir Technologies (PLTR) stock is slipping 1% and Dell Technologies (DELL) is edging lower in premarket trading as the two companies join insurer Erie Indemnity (ERIE) in 澳洲幸运5官方开奖结果体彩网:becoming members of the 澳洲幸运5官方开奖结果体彩网:S&P 500 today. However, the data-analytics firm and the PC maker have both seen their shares gain in the runup to today's benchmark index entry. The companies will be replacing American Airlines Group (AAL), Etsy (ETSY), and Bio-Rad Laboratories (BIO).
3. TSMC, Samsung ღReportedly Mulling UAE Chip Megafactor🍌ies
Taiwan Semiconductor Manufacturing Co. (TSM) and Samsung Electronics reportedly have been considering building large new factories in the United Arab Emirates to meet surging demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) computing. According to The Wall Street Journal, the projects being discussed "involve complexes that could contain numerous factories and cost over $100 billion in aggregate," but "government officials and industry execut🐭🃏ives say substantial technical and political hurdles remain."
4.ꦰ AstraZeneca Experimental Cancer Drug Misses Target Again
AstraZeneca's () 澳洲幸运5官方开奖结果体彩网:Americ꧒an depositary receipts (ADRs) are falling about 2% after the pharma giant said its experimental cancer drug datopotamab deruxtecan, jointly developed with Japan's Daiichi Sankyo, failed to meet goals in a Phase 3 breast cancer trial. The news comes just weeks after the Anglo-Swedish firm said a late-stage trial of the same drug 澳洲幸运5官方开奖结果体彩网:didn't significantly improve patients' overall lung cancer survival rates.
5. China's Impromptu Press Briefing Call Fuels Stimulus Hopes
China announced plans for an ad-hoc press briefing tomorrow on the economy by its financial regulators, including its top central banker—fueling investor hopes that Beijing is planning to issue large stimulus measures to boost the hard-hit economy. Bloomberg reported that some economists are expecting the regulators to cut policy rates or the amount banks need to set aside as reserves, and also measures to support the country's troubled housing market. The People's Bank of China also lowered its 14-day reverse repurchase rate Monday.