US Stock Market Pre-market Highlights | Musk’s SpaceX merges with xAI! Palantir beats expectations, surges over 11% pre-market

Glonghui, February 3rd｜1. All three major U.S. stock index futures rose, with Nasdaq futures up 0.54%, S&P 500 index futures up 0.28%, and Dow Jones futures up 0.03%. 2. Major European stock indexes were mixed, with Germany's DAX index up 0.41%, the UK's FTSE 100 index down 0.5%, France's CAC index down 0.13%, and the Euro Stoxx 50 index up 0.34%. 3. SpaceX announced it has acquired Musk's artificial intelligence company xAI, with the combined valuation reaching 1.25 trillions USD. 4. Director of the U.S. Federal Housing Finance Agency: If Trump wishes, we are ready to advance the IPOs of Fannie Mae and Freddie Mac. 5. Palantir's Q4 revenue surged 70% year-on-year to 1.41 billions USD, with adjusted earnings per share at 0.25 USD, both exceeding expectations. 6. Pfizer's Q4 revenue was 17.56 billions USD, surpassing expectations, and trial results show the new GLP-1 drug can achieve stable weight loss. 7. PepsiCo's Q4 net revenue was 29.34 billions USD, with earnings per share at 2.26 USD, both exceeding expectations, and plans to repurchase 10 billions USD in stock. 8. Paypal's Q4 revenue was 8.68 billions USD, below expectations, and HP executive Enrique Lores was appointed as the new CEO. 9. Nintendo's net sales for the first three fiscal quarters soared 99.3% year-on-year to over 1.9 trillions yen, with Switch 2 sales reaching 17.37 million units. 10. Tesla's electric vehicle sales in France hit a three-year low in January, and sales in Norway plummeted by 88%. 11. SoftBank subsidiary SaiMemory will cooperate with Intel to promote the commercialization of next-generation storage technology. 12. Western Digital CFO: 2026 production capacity has been fully booked, and customers are already inquiring about supply for 2030. 13. The U.S. National Highway Traffic Safety Administration has expanded its investigation into 1.27 million Ford F-150 pickups. 14. The FDA rejected the application for Saphnelo's subcutaneous formulation, and AstraZeneca has pledged to work closely with the FDA to advance the application as soon as possible. 15. Adobe will stop selling its 2D animation software Adobe Animate on March 1, 2026. 16. Intercontinental Exchange, the parent company of the New York Stock Exchange, has received approval from the U.S. SEC to provide Treasury clearing services. 17. Devon Energy has agreed to acquire U.S. shale oil competitor Coterra for 21.4 billions USD. (Glonghui)