- U.S. stock futures rose during Monday's pre-market session while several major equities experienced notable downward price movements.
- AstraZeneca shares dipped 6 % amid reported merger discussions with Bristol Myers Squibb to form a nearly $400 billion pharmaceutical giant.
- GameStop declined 6.2 % following its announcement of a private exchange of $1.4 billion in convertible senior notes for equity.
- The US IPO market featured four diverse listings across biotech, cloud infrastructure, and consumer sectors, raising questions about whether the IPO window is broadening.
- Sandwich chain Jersey Mike's raised $1 billion in a flat debut, while biotech developer Apnimed priced an upsized offering and soared 56 %.
- The Renaissance IPO Index slid 0.7 % amid ongoing AI headwinds and the Federal Reserve's decision to hold interest rates steady.