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In Pre-Market Trading on Tuesday, the three major futures indices of the US showed mixed trends.
Michael Faulkender, the Deputy Secretary of the US Treasury, stated that the Trump administration has made very good progress in trade negotiations and is nearing the finish line for reaching partial trade agreements. He expressed that there are no plans to extend the 90-day tariff suspension and aims to complete as many discussions as possible before the deadline ends. According to documents obtained by Reuters, the Trump administration has requested countries involved in the tariff negotiations to submit their "best quotes" by Wednesday to expedite the negotiation process ahead of the July deadline.
Nuclear power stocks rose in Pre-Market Trading! $Constellation Energy (CEG.US)$up over 9%, $Oklo Inc (OKLO.US)$Up by nearly 6%, $Vistra Energy (VST.US)$Increased by over 4%.
The pre-market trading performance of popular Chinese concept stocks is mixed, $Li Auto (LI.US)$increased over 6%, $KE Holdings (BEKE.US)$up nearly 2%, $NIO Inc (NIO.US)$Down over 2%.
NVIDIA's Hold Positions stock Applied Digital rose nearly 6% in Pre-Market Trading, with the company experiencing an overnight increase of over 48% after signing a 15-year, 7 billion USD leasing agreement with CoreWeave.
$Applied Digital (APLD.US)$On Monday, it was announced that a partnership has been established with a professional cloud service provider supported by NVIDIA.$CoreWeave (CRWV.US)$Two 15-year leasing agreements were signed, which will generate approximately 7 billion USD in revenue for this data center operation over the leasing period. This deal may become a vital lifeline for Applied Digital, which is facing challenges in the data center hosting sector.Real Estate Investment TrustDuring its transition process, it is facing challenges in the data center hosting field. As of the time of writing, Applied Digital is up nearly 6% in Pre-Market Trading.
Credo Technology surged over 14% in Pre-Market Trading, with earnings and guidance both exceeding expectations.
Semiconductor company.$Credo Technology (CRDO.US)$In Pre-Market Trading, it rose over 14%, with total revenue for the fourth quarter of fiscal year 2025 at $0.1703 billion, exceeding the Analyst estimate of $0.16296 billion, a year-on-year increase of 179.7%, and a quarter-on-quarter increase of 25.9%. According to Benzinga Pro data, the adjusted EPS for the fourth quarter was $0.35, exceeding the Analyst estimate of $0.28 per share.
Credo Technology Group expects first-quarter revenue to be between $0.185 billion and $0.195 billion, while the estimate was $0.16783 billion. The company expects the adjusted gross margin for the first quarter to be between 64% and 66%.
MoonLake Immunotherapeutics soared over 17% in Pre-Market Trading, rejecting Merck's acquisition offer of over $3 billion.
Biotechnology company.$MoonLake Immunotherapeutics (MLTX.US)$In Pre-Market Trading, it surged over 17%, and the company refused.$Merck & Co (MRK.US)$It is an acquisition offer of over 3 billion USD.
BioNTech surged over 8% in Pre-Market Trading, signing a massive authorization worth tens of billions.
German biotechnology.$BioNTech (BNTX.US)$In Pre-Market Trading, it continued to rise over 8%, and yesterday the stock surged significantly by 18%.$Bristol-Myers Squibb (BMY.US)$ Announced a partnership with$BioNTech (BNTX.US)$ for the new generation anti-cancer drug BNT327, with milestone payments in the agreement potentially reaching up to 11.1 billion dollars. If the new drug successfully launches, the two companies will also split global profits.
CEG surged over 9% in Pre-Market Trading, reaching a 20-year power purchase agreement with Meta.
Non-carbon energy producer.$Constellation Energy (CEG.US)$Surged over 9% in pre-market trading, the company with$Meta Platforms (META.US)$The long-term power purchase agreement, lasting 20 years, ensures the continued operation of the Illinois nuclear power plant until 2047.
$Hims & Hers Health (HIMS.US)$In Pre-Market Trading, shares rose more than 6% as the company will acquire the European telemedicine platform Zava.
Dollar General rose over 9% in Pre-Market Trading, with Q1 performance exceeding expectations and an increase in annual guidance.
$Dollar General (DG.US)$The stock rose over 9% in Pre-Market Trading, with first-quarter results surpassing Wall Street's expectations and an increased guidance forecast. The first-quarter EPS for this dollar store was $1.78, exceeding the FactSet consensus estimate of $1.49 per share. Revenue grew from last year's $9.91 billion to $10.44 billion, surpassing analysts' expectations of $10.29 billion in revenue. The company reported same-store sales growth, meaning a 2.4% increase in sales for stores open for at least 13 months. Analysts surveyed by FactSet expected growth of 1.5%.
The CEO of Taiwan Semiconductor expects sales growth in USD to be in the mid-range of 20% for 2025, with profits reaching a record high.
$Taiwan Semiconductor (TSM.US)$Director and President Wei Zhejia stated at the shareholder meeting on June 3 that the expected sales growth in USD for 2025 is in the mid-range of 20%, with profits at a record high. Despite the uncertainty in tariff policies, no changes in customer behavior have been observed. Bullish on corporate AI-driven demand and the increase in the proportion of advanced processes to 70-80%.
The first stablecoin IPO is here!$Circle Internet Corp. (CRCL.US)$ Expected to be listed on the NYSE on June 5.
Stablecoin giant. $Circle Internet Corp. (CRCL.US)$ It is expected to be listed on the New York Stock Exchange (NYSE) in the United States on June 5th, marking the first IPO in the stablecoin sector.$Circle Internet Corp. (CRCL.US)$ Established in October 2013 by Jeremy Allaire (CEO) and Sean Neville (Co-founder), focusing on blockchain technology and stablecoins.
In 2018, Circle partnered with.$Coinbase (COIN.US)$This stablecoin was initially positioned against Tether's USDT, promoting itself as more compliant and transparent.$Tether (USDT.CC)$）的USDT，标榜更合规、更透明。
Global Macro
According to Reuters, the Trump administration has requested all countries to submit their "best quotes" by Wednesday, and the Deputy Secretary of the Treasury stated that multiple agreements are expected to be reached before the July 9 tariff suspension period ends.
According to a letter seen by Reuters, the Trump administration is urging countries participating in high-level tariff negotiations to present their "best quotes" by Wednesday to expedite trade talks ahead of the July deadline. There is a clear urgency within the U.S. government's internal discussions to finalize deals within this pressing timeframe, as currently only a framework agreement (rather than a final agreement) has been reached with the United Kingdom, and the U.S. hopes countries will outline their best proposals in key areas such as tariffs and quota concessions, as well as non-tariff barriers, and will assess responses within a few days.
U.S. Deputy Secretary of the Treasury Michael Faulkender stated on Monday Eastern Time that the Trump administration is "making good progress" in trade negotiations and that multiple agreements are expected to be reached before the July 9 tariff suspension period ends, clearly indicating there are no plans to extend the 90-day suspension period. Currently, only one agreement has been reached with the United Kingdom, and the White House hopes to complete as many negotiations as possible within the deadline.
The European Union warned that if the U.S. cannot reach an agreement, countermeasures will take effect by mid-July at the latest.
The European Union warned the United States before negotiations between Europe and America that if an acceptable solution for both parties cannot be reached, existing and potentially additional EU countermeasures will automatically take effect on July 14 (or earlier), covering over tens of billions of dollars in imports of U.S. goods. The EU also stated that it does not want to pursue tariffs and prefers to resolve disputes through negotiations, attempting to accelerate the negotiation process with the U.S. before July 9.
The EU had previously approved tariffs on U.S. products worth 21 billion euros, which can take effect quickly, targeting politically sensitive U.S. states, such as soybeans, agricultural products, poultry, and motorcycles from Louisiana.
In addition, the EU has prepared an alternative list for tariffs on US products worth 95 billion euros. These measures will target industrial products including Boeing aircraft, US-made Autos, and bourbon whiskey as a response to Trump's 'reciprocal tariffs' and Autos tariffs.
Federal Reserve Chairman Powell recently warned: Dollar policy has changed, and exchange rate fluctuations may intensify.
Federal Reserve Chairman Powell spoke at the 75th anniversary event of the Federal Reserve International Finance Division (IF) on Monday local time. He stated that the Federal Reserve still needs to gain a deeper understanding of the policies and practices of other governments and central banks, and their impact on the U.S. economy and financial markets. The end of the Bretton Woods system in the 1970s fundamentally changed the implementation of monetary policy, and exchange rate policy is now primarily the responsibility of the U.S. Treasury. Policymakers must understand the potential more severe fluctuations of the dollar's impact on American households and businesses. It is reported that Powell's remarks did not comment on monetary policy and economic outlook.
Facing the hidden tax provision 899 in the "Big Beautiful Bill," Morgan Stanley warned that Wall Street faces the largest "capital tax" shock in history.
In the tax and spending bill of the "Big Beautiful Law" previously passed by the U.S. House of Representatives, there is a provision titled "Enforcement and Remedial Measures for Unfair Foreign Taxation," which proposes to significantly increase the tax rates for corporations and individuals from countries identified by the U.S. as having "discriminatory" tax policies.
The team led by Morgan Stanley Analyst Michael Zezas stated in the latest Research Reports that although the legislative intent of provision 899 does not seem to target fixed income assets, its vague wording has raised concerns among investors about the additional costs of Holding U.S. Treasuries, corporate bonds, and securitized products. If the Senate fails to clarify the scope of application, the market may face multiple shocks, including a steepening yield curve of U.S. Treasuries, a weakening dollar, and widening credit spreads.
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