Stock index futures fell on Monday, as investors assessed President Donald Trump’s new H-1B visa fees. Here are four stocks to watch on the day:
Pfizer (PFE) shares were up 1.7% in premarket trade after it agreed to acquire Metsera (NASDAQ:MTSR) in a deal worth $47.50 per share in cash, valuing the company at $4.9 billion upfront, with the potential for shareholders to receive up to an additional $22.50 per share through contingent value rights tied to future milestones.
Coca-Cola Company (KO) stock was nearly flat in extended trading as Apollo Global Management (NYSE:APO), one of the parties that indicated an interest in a takeover of Britain’s biggest coffee chain, reportedly decided against bidding ahead of last week’s deadline. According to the report, Coca-Cola (NYSE:KO) and its advisers set a deadline last week for indicative offers for Costa.
Stellantis (STLA) shares dropped 2.3% before the opening bell as it said that it has detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations. The automaker said the incident exposed only basic contact information and did not involve financial details or sensitive personal data.
Oracle (ORCL) stock was down 1.2% in premarket trade as the technology firm would rebuild and secure a new U.S. version of TikTok’s algorithm. This is part of an emerging agreement to sell the popular Chinese-owned app to a group of American investors. The stock was initially up but is now trading lower. The firm also made several management changes, including naming new CEOs and an executive vice chair of its board of directors.