Try the businesses making headlines earlier than the bell. Chart Industries — Shares of the fuel tools producer surged 16% after it agreed to be acquired by Baker Hughes for $13.6 billion. Chart Industries had beforehand been in merger talks with energy tools provider Flowserve , which was final up 8%. Baker Hughes shares fell 3%. The deal information comes as Chart reported better-than-expected second-quarter earnings, excluding objects. Sarepta Therapeutics — The biopharmaceutical inventory soared 38% after asserting that the Meals and Drug Administration had beneficial eradicating its voluntary maintain on Elevidys to be used with ambulatory sufferers, which was instated following a latest affected person demise. On Tuesday, Oppenheimer upgraded the inventory to an outperform score from carry out, whereas JPMorgan upgraded shares to impartial from underweight. Cadence Design Methods — Shares gained 8% after the pc software program firm posted second-quarter adjusted earnings of $1.65 per share on $1.28 billion in income. Analysts polled by LSEG had anticipated earnings of $1.55 per share and income of $1.25 billion. The corporate additionally lifted its full-year earnings and income steering. Nucor — The metal producer fell 4% after posting adjusted earnings and income for its second quarter that missed analysts’ expectations, per LSEG. Nucor additionally anticipates its third-quarter earnings shall be ” nominally decrease ” than these of its second quarter. Amkor Know-how — Shares popped 11% after the semiconductor packager reported second-quarter earnings of twenty-two cents per share on income of $1.51 billion. Analysts surveyed by FactSet had penciled in earnings of 16 cents per share and $1.42 billion in income. Stellantis — U.S.-listed shares fell 3% after the automaker reported a first-half web lack of 2.3 billion euros, or $2.65 billion. Over the identical interval in 2024 it had reported a web revenue of 5.6 billion euros. The corporate additionally reinstated its monetary steering. UnitedHealth Group — The well being insurer shed 2% after sharing a 2025 outlook that missed analysts’ expectations . UnitedHealth forecast adjusted earnings for fiscal yr 2025 of $16 per share, coming beneath the $20.91 per share consensus estimate per LSEG. The corporate’s anticipated fiscal-year income of $448 billion was additionally lower than the anticipated $449.16 billion. United Parcel Service — Shares sank 5% after the transport firm mentioned it earned $1.55 per share, after changes, barely lacking the $1.56 per share analysts polled by LSEG had anticipated. The corporate additionally didn’t present income steering, citing macroeconomic uncertainty. Merck — Shares dropped 4% after the pharmaceutical big missed income expectations for the second quarter. Income of $15.81 billion was lower than the LSEG consensus estimate of $15.89 billion. The corporate additionally mentioned it will lower $3 billion from prices by the tip of 2027. Whirlpool — The house equipment inventory stumbled 17% after lacking analysts’ second-quarter estimates on account of stress from tariffs. The corporate additionally projected full-year adjusted earnings that have been beneath consensus and slashed its dividend. Following the report, Financial institution of America downgraded the inventory to an underperform score from impartial. Union Pacific , Norfolk Southern — Union Pacific shares rose 1%, whereas Norfolk Southern slid 3% after the 2 firms mentioned they’re merging in a $250 billion inventory and money settlement, creating the primary transcontinental railroad . PayPal — The inventory slid 4% after PayPal issued third-quarter earnings steering that fell in need of expectations. The funds firm expects adjusted per-share earnings of $1.18 to $1.22, on the decrease finish of the LSEG consensus estimate of $1.20. Then again, the corporate beat earnings and income expectations for the second quarter and raised its full-year forecast, implying a stronger fourth quarter. Novo Nordisk — U.S.-listed shares tumbled 20% after the Danish pharmaceutical big slashed its full-year gross sales and revenue steering . Novo Nordisk expects weaker development within the U.S. for its weight problems drug, Wegovy. The corporate additionally named inside candidate Maziar Mike Doustdar as its new CEO. Boeing — The aerospace and protection firm rose greater than 1% after posting a second-quarter adjusted lack of $1.24 per share, which was narrower than the anticipated lack of $1.48 per share, in accordance with LSEG. Boeing’s $22.75 billion income exceeded expectations of $21.84 billion. Final quarter, Boeing delivered probably the most airplanes it had since 2018 . Corning — The supplies science and expertise inventory added greater than 6% after posting second-quarter adjusted earnings of 60 cents per share, beating the 57-cent LSEG estimate. Corning’s $4.05 billion income additionally beat estimates for $3.86 billion. — CNBC’s Michelle Fox, Alex Harring and Sarah Min contributed reporting.
