SEER News & Events

Nasdaq and S&P 500 futures are higher as chip stocks rebound after recent weakness. The Dow also enters the week near record territory. Markets are returning from the holiday weekend with a constructive tone, as investors look to extend last week's rally and begin the new week.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Earnings season also begins to move into focus this week. Investors are looking for confirmation that corporate earnings can continue justifying elevated valuations after a strong first half of 2026. Analysts are expecting more than 20% year-over-year earnings growth for S&P 500 companies.In pre-market trading, S&P 500 futures rose 0.41%, Nasdaq futures rose 1.17% and Dow futures fell 0.07%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Seerup 37% after receiving an unsolicited, non-binding proposal from Omid Farokhzad, Seer's chair and CEO, to acquire all of the outstanding shares of Seer's Class A common stock for $2.45 per share in cash plus two separate contingent value rightsTeraWulfup 17% after executing a 20-year lease agreement with Anthropic at its Justified Data campus in Hawesville, KentuckyOrthofixup 6% after disclosing that CMS had reversed itself on its very recent 10% reimbursement cut within traditional Medicare for non-invasive bone growth stimulatorsBroadcomup 4% after disclosing an agreement with Appleto expand their long-standing technology collaboration through 2031 by entering into new multi-year long-term agreements for Broadcom to develop and supply a range of custom ASIC silicon products for use in multiple generations of Apple productsKosmosup 3% after providing a portfolio updateOpus Geneticsup 3% after reaching alignment with the FDA in a Type B Rare Disease Evidence Principles meeting on the design of its registrational Phase 3 clinical trial evaluating OPGx-LCA5Comcastup 1% after announcing Sky has agreed terms to acquire ITV Media & Entertainment from ITV plc for a total consideration of up to GBP 1.6BAlibabaup 1% after BloombergU.S. District Judge Eumi Lee has ordered the Pentagon to give Alibaba reprieve from a law that led to many lobbyists dropping it as a client while she considers the constitutionality of the measureLOWER -Datadogdown 4% after Bernstein downgraded the stock to Market PerformJ.B. Huntdown 1% after Morgan Stanley downgraded shares to Underweight

Bradley Radoff and Michael Torok,who collectively own approximately 7.7% of the outstanding common stock of Seer, issued the following statement in response to Chairman and CEO Omid Farokhzad, M.D.'s July 1, proposal to acquire Seer: "For the first time, we agree with Dr. Farokhzad - Seer should not be a public company. Seer should be sold to the highest bidder in a transaction that maximizes value for ALL of the Company's stockholders. Over the past several months, we have detailed a myriad of operational and governance failures at Seer that make it clear to us that the Board is beholden to Dr. Farokhzad and unable to act in the best interests of all stockholders. Further validating our concerns, the Board categorically rejected three separate acquisition proposals from us dating back to April with no engagement whatsoever; yet, two days after Dr. Farokhzad submitted an acquisition proposal with an identical $2.45 per share cash component and what we calculate as vastly inferior contingent value rights to our last offer, the Board formed a Special Committee to review inbound proposals. As such, for a strategic review process to have any credibility, we believe that it must be overseen by truly independent and qualified directors. Unfortunately, as explained in our investor presentation, we do not believe that is possible with the current composition of the Board, which makes the election of our three highly-qualified and independent candidates - Howard H. Berman, Ph.D., Joshua S. Horowitz and Luis E. Rinaldini - more necessary than ever. Again, we believe Seer should be sold. Now we must ensure that the Board is properly equipped with truly independent directors who are capable of overseeing a successful strategic review process that maximizes value for ALL stockholders. If a proper and fulsome strategic review process is conducted, we believe that the ultimate acquiror will likely be a strategic party that can incorporate Seer's sub-scale business into its own operating business. We explicitly caution the Board against entering into any agreement with Dr. Farokhzad prior to stockholders having an opportunity to elect independent representatives of their choosing at the Company's upcoming annual meeting on July 28, 2026."

Stock futures were mixed ahead of the long weekend as traders considered the weaker-than-expected U.S. nonfarm payrolls for June and what it might mean for the path of rates. Meanwhile, the Nasdaq fell amid continued pressure on technology and semiconductor names. Chip stocks have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Seerup 37% after receiving an unsolicited acquisition proposal from CEO Omid Farokhzad for $2.45 per shareLOWER -Genuine Partsdown 1.1% after Bloomberg reported that O'Reillymade a cash bid for Genuine's auto parts unit