Premarket movers

Mag 7 are mostly higher alongside index futures (Tesla +0.3%, Meta +0.2%, Apple +0.2%, Amazon +0.2%, Nvidia +0.2%, Alphabet +0.2%, Microsoft -0.2%).

Alcohol beverage stocks may move after Reuters reports that US Dietary Guidelines are expected to eliminate the long-standing recommendation that adults limit alcohol consumption to one or two drinks per day.

Biomea Fusion (BMEA) falls 8% after the drug developer launched an offering of stock and warrants.

Bitdeer Technologies (BTDR) drops 6% after the Bitcoin miner said it was offering $300 million in convertible senior notes due 2031 in a private placement.

Circle Internet Group (CRCL) climbs 3% after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar.

Marvell Technology (MRVL) gains 2%, with analysts positive on the chipmaker following an event focused on AI, where Marvell raised its overall data center total addressable market to $94 billion by 2028, up from $75 billion.

Nucor (NUE) rises 2% after the steelmaker forecast earnings per share for the second quarter, guidance that beat the average analyst estimate.

(via BBG)