5 things to know before the market opens on Friday

Happy Friday. Looking for a book for the long weekend? JP Morgan I have some ideas.

Stock futures rose before the bell. All three major indexes recorded wins yesterday and are on a positive trajectory this week.

Here are five important things investors need to know to start their trading day.

CNBC confirmed yesterday. microsoft is in talks to provide custom artificial intelligence chips to Anthropic. This potential deal follows Microsoft’s $5 billion investment in AI startups announced in November, and would be a big win for Microsoft in the race against competitors. Amazon and google.

Here’s what else is happening in the AI ​​race.

Stellantis Yesterday, it announced a new five-year plan with nearly $70 billion in investments. The automaker aims to have positive free cash flow by next year.

Jeep’s parent company plans to introduce more than 60 new vehicles and update 50 models under a plan dubbed “FaSTLANe 2030,” CNBC’s Michael Weiland reports. Its list of new releases includes crossovers from the Chrysler brand, which currently only produces minivans.

Stellantis aims to increase sales in North America by 35% by 2030, driven by 60% growth in Chrysler and Ram trucks. At a press conference after the company’s investor day, CEO Antonio Filosa said Chinese-branded cars could be introduced in Mexico and Canada, but not in the United States.

Yesterday, Republican opposition to President Trump’s $1.8 billion “legislative” fund thwarted the Senate’s plans to consider a funding package for the Department of Homeland Security. Lawmakers will now leave Washington, meaning they will miss the president’s arbitrary June 1 deadline to pass the bill.

The change in plans comes after Acting Attorney General Todd Blanche met with Republican senators yesterday over the controversial “anti-weaponization” fund, which apparently did not allay concerns within the president’s party.

In a statement obtained by MS NOW, Kentucky Sen. Mitch McConnell called the fund “utterly stupid” and “morally wrong.”

State and federal governments are at odds over who can regulate prediction markets. That’s leading to a high-stakes court battle, as CNBC’s Davis Giangiulio reports.

Regulators in 16 states have begun legal proceedings regarding prediction markets. But the Commodity Futures Trading Commission has sued some states to defend what it considers “exclusive jurisdiction” to oversee the platforms.

Lawmakers are also trying to rein in prediction markets. House Oversight Committee Chairman James Comer told CNBC’s “Squawk Box” this morning that he is launching an investigation into Kalsi and Polimarket’s insider trading.

Space for SpaceX and OpenAI: Oura is also looking to ride the IPO wave. The smart ring maker announced yesterday that it had confidentially submitted a draft prospectus to regulators.

The company did not provide a specific timeline for its listing, saying that the listing would be subject to review by the Securities and Exchange Commission and could be affected by market conditions.

Oura is on pace to surpass a record 5 million paying members this quarter, which would reflect a 4x increase over the past two years. The company’s smart ring, which tracks wearers’ health and sleep, was valued at $11 billion in October.

Here are some articles to bookmark for your long weekend.

— CNBC’s Jordan Novett, Samantha Subin, CJ Haddad, Kevin Breuninger, Tobias Burns, Michael Weiland, Justin Papp, Dan Mangan, Davis Giangiulio and Ian Thomas contributed to this report.

Josephine Rozzelle edited this version.