Check out the companies making the biggest pre-market moves: Novo Nordisk — The U.S.-listed stock soared 3% after the company announced a partnership with OpenAI. “By integrating AI into our daily operations, we can now analyze data sets at a scale never before possible, identify hidden patterns, and test hypotheses faster than ever before,” Novo CEO Mike Doustdar said in a statement. JPMorgan Chase — The banking giant reported better-than-expected results in the first quarter. JPMorgan Chase & Co. earned $5.94 per share on revenue of $50.54 billion. Analysts had expected earnings of $5.45 per share on revenue of $49.17 billion, according to LSEG data. However, the stock quickly regained its initial gains and fell 2% after lowering its net interest income outlook. Wells Fargo — Shares fell 1% after the company’s first-quarter results failed to impress investors. The bank earned $1.60 per share, which did not match LSEG’s estimate of $1.58 because that figure includes tax benefits. Meanwhile, revenue was slightly below analyst consensus of $21.45 billion. Johnson & Johnson — The pharmaceutical giant reported slightly better-than-expected results in the first quarter, sending its stock up about 0.9%. J&J had adjusted earnings per share of $2.70 and revenue of $24.06 billion. Analysts had expected LSEG to report revenue of $23.63 billion and earnings of $2.66 per share. The full-year profit forecast was also slightly higher than expected. BlackRock — The wealth management giant rose 1.7% after its first-quarter earnings and sales beat the Street. BlackRock earned $12.53 per share on revenue of $6.7 billion. Analyst estimates compiled by LSEG were for earnings of $11.54 per share and revenue of $6.46 billion. United Airlines, American Airlines — United shares rose 2% after reports that CEO Scott Kirby proposed a merger with American Airlines during a meeting with President Donald Trump. American Airlines stock rose more than 4%. Intel — The chipmaker rose 1%, reaching a positive pace for the 10th consecutive time. This is the longest winning streak since 2005, when it rose for 13 consecutive sessions. Ford Motor — Shares rose more than 2% after UBS upgraded the company to Neutral Buy. The bank said the automaker’s earning potential was undervalued and that it could also handle the headwinds of rising aluminum and gasoline prices from the U.S.-Iran war. Globalstar — Shares rose more than 11% after Amazon announced it would buy a satellite carrier for $11.57 billion to compete with Elon Musk’s Starlink. Amazon stock rose 1%. Credo Technology – Shares rose 20% after the semiconductor company announced late Monday that it had agreed to acquire DustPhotonics, a developer of optical transceiver technology. Credo will pay $750 million in cash and 920,000 shares of its own stock as part of the deal. Bloom Energy, Oracle — Shares of both companies rose after solid oxide fuel cell maker Bloom Energy announced an expanded partnership with Oracle to build AI and cloud computing capabilities. Bloom Energy stock rose nearly 14%, and Oracle rose nearly 5%. — CNBC’s Davis Giangiulio, Michelle Fox, Liz Napolitano and Sarah Ming contributed reporting
