5 things to know before the stock market opens on Tuesday

space x announced Monday that it has signed a deal for computing power with artificial intelligence startup Reflection and will sell bonds to raise $20 billion. But it wasn’t enough to get investors excited again. The stock fell 16% in yesterday’s trading, bringing the three-day stock price loss to nearly 24%.

Here’s what else you need to know:

Treasury Secretary Scott Bessent announced yesterday that the United States has allowed Iran to produce, deliver, and sell crude oil for 60 days, citing “productive discussions” between the two countries.

President Donald Trump said later in the day that profits from oil sales would be used to buy U.S. agricultural products, but Iranian central bank officials said Iran was under no obligation to do so. “Well, they’re not going to do that, so we’ll see,” President Trump told CNBC’s Eamon Javers.

Oil prices fell on Monday following Bessent’s announcement.

targettop management is facing a crisis of confidence. Brian Cornell, the company’s executive chairman and former CEO, said investor support at the company’s annual meeting this month was at an all-time low.

More than 87% of shareholders voted to re-elect him to the board. This is well below the historical average for directors not just at Cornell University but across the S&P 500 this year. As Wharton’s Kevin Kaiser put it, approval ratings below the 90% level mean “people are starting to go out of their way to say they don’t need you anymore.”

Mr. Cornell stepped down as CEO earlier this year in the face of declining profits and stock prices and became Target’s executive chairman. Retail analyst Neil Saunders said some saw the appointment as a “reward for failure.”

clear announced yesterday that it will cut 18% of its U.S. workforce in an effort to cut costs. The electric car maker also said operations chief Mark Winterhoff is leaving the company and his role will be eliminated.

The California-based company had about 9,000 employees at the end of last year and had already cut its U.S. workforce by 12% in February. Lucid said the new cuts are expected to result in approximately $158 million in annual cost savings.

Other areas of EV: The National Highway Traffic Safety Administration has initiated the following special crash investigations: tesla. The investigation focuses on the death of a 76-year-old man when a Model 3 crashed into a home in Katy, Texas.

of united parcel service The GLP-1 boom is attracting attention.

The logistics company told CNBC’s Raya Neelakandan it is investing $48 million in 27 temperature-controlled facilities to meet demand for new drugs that need to be stored at specific temperatures, such as some GLP-1 drugs.

Corporate executives have long pointed to health care as their biggest growth opportunity. Kate Gutman, UPS president of international, healthcare and supply chain solutions, said the company’s healthcare logistics operations are based on a “deep understanding that we’re not just moving packages.”

Pennsylvania Governor Josh Shapiro appeared on CNBC yesterday to discuss data center construction in the Keystone State. Check out the interview here.

— CNBC’s Samantha Subin, Deirdre Botha, Spencer Kimball, Dan Mangan, Gabriel Fonrouge, Tobias Burns, Sean Conlon, Michelle Luhn, Laura Kolodny, Raya Neelakandan and Scott Cohn contributed to this report. Josephine Rozzelle edited this version.