Check out the companies making headlines in premarket trading. United States Steel — Shares advanced more than 3% after Reuters reported the Committee on Foreign Investment in the United States granted a request to push back a review of Nippon Steel's bid for U.S. Steel until after the November election. Reuters cited a person familiar with the matter.
Intuitive Machines — Shares of the space exploration company surged more than 52% after it received a nearly $5 billion space network contract from NASA . ResMed - Shares slipped 2.7%, on light trading volume, following a downgrade at Wolfe Research to underperform from peer perform. The firm expects revenue growth to decelerate in the face of increasing competition from Eli Lilly's GLP-1 medication.
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US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls throughU.S. Steel's CEO is warning that the failure of its planned sale to Nippon Steel would lead to the closure of steel mills that would be modernized if the deal proceeds.
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