Overview

• U.S. stock futures slipped about 0.3% after the Dow and S&P 500 set new highs last week, as major cryptocurrencies declined in early trading.
• Following last week’s 25-basis-point cut, futures markets suggest roughly two additional quarter-point reductions by year-end, according to the CME FedWatch Tool.
• Pfizer agreed to acquire Metsera for $47.50 per share in cash plus up to $22.50 tied to milestones, sending the weight-loss drug developer sharply higher premarket.
• Kenvue shares fell after a Washington Post report said the administration plans to warn about prenatal acetaminophen use and autism, a link the company publicly rejected.
• President Trump said Rupert and Lachlan Murdoch could be involved in a deal to keep TikTok operating in the U.S., with Fox and News Corp shares rising in premarket trading.