By WSJ Staff
Lithium Americas (LAC): The U.S. government said Tuesday it would take a 5% stake in both the Canadian company and its Nevada mining project. Shares jumped by roughly one-third in premarket trading.
Nike $(NKE)$: The retailer posted a surprise sales increase for last quarter, but raised its tariff-cost forecast to $1.5 billion this fiscal year. Shares climbed 3% ahead of the open.
Arm $(ARM)$: A U.S. court dismissed the chip designer's allegation that a Qualcomm $(QCOM)$ unit violated a licensing agreement. Arm shares fell around 2% before the bell.
Novo Nordisk (DK:NOVO.B), AstraZeneca (UK:AZN), Roche (CH:ROG): Shares of European drugmakers rose after President Trump unveiled plans for a direct-to-consumer website where Americans could buy discounted medicines. The news lifted U.S. pharmaceutical stocks Tuesday.
Occidental Petroleum $(OXY)$: Warren Buffett's Berkshire Hathaway $(BRK.B)$ is in talks to buy Occidental's petrochemical unit for around $10 billion. Occidental shares rose over 1% in premarket trading.
AES $(AES)$: BlackRock-owned Global Infrastructure Partners is nearing a $38 billion takeover of the utility group, according to a media report. AES shares shot up 14% premarket.
Acuity $(AYI)$, Cal-Maine Foods (CALM) and Conagra Brands $(CAG)$ are expected to report results before the bell.
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(END) Dow Jones Newswires
October 01, 2025 05:05 ET (09:05 GMT)
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