Global Markets Stabilize, Globalstar Enters Merger Agreement with Amazon
Stock futures are modestly positive this morning. Markets are stabilizing and leaning cautiously higher as investors shift from escalation fears to tentative optimism around renewed U.S.-Iran diplomacy. Crude has slipped back below the $100 level as signals emerge that both sides are considering another round of negotiations, easing immediate supply fears tied to the Strait of Hormuz. Global markets are higher, with U.S. indices pushing back toward pre-war levels, supported by tech strength and early earnings from major banks. However, the U.S. naval blockade is still in place, oil flows remain disrupted, and the broader energy shock has not been resolved.In pre-market trading, S&P 500 futures rose 0.27%, Nasdaq futures rose 0.53% and Dow futures rose 0.07%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Globalstarup 11% after entering into a definitive merger agreement under which Amazonwill acquire the company for $90.00 per shareAmerican Airlinesand United Airlinesup 8% and 2%, respectively, after BloombergUnited Airlines CEO Scott Kirby has floated a potential merger with AmericanNovo Nordisk (NVO) up 3% after announcing a strategic partnership with OpenAI to speed drug developmentUP AFTER EARNINGS -Citiup 1%BlackRockup 1%DOWN AFTER EARNINGS -Johnson & Johnsondown 2%Wells Fargodown 2%JPMorgandown 1%LOWER -Clearmind Medicinedown 33% after reporting that CMND-100, the company's non-hallucinogenic MEAI-based oral drug candidate for the treatment of Alcohol Use Disorder, has met the primary endpoint in its Phase I/IIa clinical trial