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Last updated: June 25, 2026, 11:30 AM ET

Market Movers & Shakers

U.S. stock futures climbed 0.7% as a forecast from Micron Technology Inc. reinvigorated the artificial intelligence trade, with the memory-chip maker delivering quarterly sales that crushed estimates and eased AI-related fears. This optimism rippled through Asian markets, with stocks poised for gains as US futures rallied, reinforcing confidence in AI demand. Chipmaker shares, including those of Micron and Qualcomm, soared in extended trading following the positive outlook. However, not all tech sectors are thriving; Bitcoin tumbled to a 20-month low below $60,000 as retail investors shifted their focus to AI stocks.

Corporate Dealmaking & Strategy

Germany's Merck KGaA agreed to acquire US lab-tools supplier Bio-Techne for $11 billion, marking its largest acquisition in over a decade. In a significant move for the banking sector, JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents, signaling