By WSJ Staff

PepsiCo $(PEP)$: The maker of Pepsi-Cola, Lay's and Doritos agreed with activist investor Elliott Investment Management to cut costs across the company and lower food prices, The Wall Street Journal reported.

Nvidia (NVDA): President Trump said he would let Nvidia export its H200 chip to China, and the U.S. would receive a 25% cut. Shares in Nvidia, which has fought to maintain access to the Chinese market, gained about 1.5% in premarket trading.

Earnings are due Tuesday from auto-parts retailer AutoZone $(AZO)$, canned-soup maker Campbell's $(CPB)$ and videogame retailer GameStop $(GME)$, famed as the original meme stock.

Toll Brothers $(TOL)$: The home builder posted mixed quarterly earnings and gave a cautious outlook on house deliveries. Shares fell roughly 4% in offhours trading.

Ford $(F)$: The auto maker is partnering with Renault (FR:RNO) to make small electric vehicles for the European market. The first of two planned EV models is due to hit dealerships in 2028.

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(END) Dow Jones Newswires

December 09, 2025 04:39 ET (09:39 GMT)

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