Organon $OGN rose about 31% before the bell after Sun Pharma $SUNPHARMA agreed to pay $14 a share in cash, valuing the target at $11.75B including debt. Sun said the combination would create a $12.4B-revenue pharma group with a larger women’s-health and biosimilars footprint.
Shell $SHEL agreed to buy ARC Resources $ARX for $16.4B, adding about 370,000 boe/d and roughly 2 billion boe of reserves. The cash-and-stock deal is set to lift Shell's production CAGR through 2030 to 4% and add about $250M of annualized synergies within a year of closing.
Prediction-market odds of Kevin Warsh becoming Fed chair by May 15 jumped from about 30% to 86% after the Justice Department ended its criminal investigation into Jerome Powell. The inquiry over the Fed headquarters renovation now shifts to the central bank's inspector general, removing a key barrier to Senate confirmation.
AMD $AMD climbed more than 12% after Intel's Q1 beat and above-consensus Q2 outlook pushed investors to reprice CPU demand in the AI buildout. CNBC said the move also followed a D.A. Davidson upgrade to buy with a $375 target, implying about 22% upside from the prior close.
X-energy $XE jumped 27% in its Nasdaq debut, closing at $29.20 after opening at $30.11. The move followed an upsized IPO priced at $23 per share, above the marketed $16 to $19 range, with proceeds of about $1.02B as AI-driven power demand pulled nuclear names into public-market focus.
IBM $IBM fell 6% in extended trading after first-quarter adjusted EPS of $1.91 and revenue of $15.92B beat expectations of $1.81 and $15.62B. The stock reaction turned negative because management kept its 2026 outlook unchanged instead of raising targets after a 9% revenue gain.
Procter & Gamble $PG rose about 4% in premarket trading after fiscal third-quarter revenue increased 7% to $21.24B and core EPS came in at $1.59, above expectations of $20.5B and $1.56. Positive volume growth across beauty and household categories supported the beat while full-year guidance was maintained.
Intel $INTC rose about 20% after reporting adjusted EPS of $0.29 on $13.58B of Q1 revenue, versus LSEG expectations of $0.01 and $12.42B. Data-center revenue rose 22% and second-quarter guidance also topped the Street.
Texas Instruments $TXN gained 19% after first-quarter revenue rose 19% to $4.83B and EPS reached $1.68, beating LSEG estimates of $4.53B and $1.27. Management said data-center demand surged about 90% year over year and guided the second quarter above consensus.
Comcast $CMCSA rose as much as 8% premarket after Q1 adjusted EPS of $0.79 beat the $0.73 LSEG estimate and revenue of $31.46B beat the $30.43B estimate.
L'Oréal $OR rose 9%, after trading up as much as 10%, as Q1 sales reached €12.1523B and like-for-like growth of 7.6% beat analyst expectations of roughly 3%-4%.
SK Hynix (000660.KS) reported Q1 revenue of KRW 52.5763T, operating profit of KRW 37.6103T and a 72% operating margin as AI memory demand lifted pricing.