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Shares of Nuvalent surged more than 22% to reach an all-time high after the biopharmaceutical company revealed positive data on two experimental cancer treatments with favorable tolerability. Bausch + Lomb also saw a 13.9% rally following reports of a potential sale. Alcoa’s stock jumped over 7% as the company agreed to sell its stake in a joint venture for approximately $1.1 billion. Intel’s semiconductor shares rose 2.6% after qualifying for up to $3.5 billion in grants to produce chips for the Pentagon. On the other hand, Upstart Holdings experienced a 5% decline after announcing a new debt offering. Micron Technology saw a drop of more than 5% following a price target cut from Morgan Stanley. Sprouts Farmers Market received an upgrade to outperform, leading to a nearly 5% increase in its share price. Trump Media & Technology shares dipped over 3% despite previous gains, while Apple shares fell 3% due to reports of sluggish iPhone demand. Zillow’s shares rose over 4%, reaching a new 52-week high, after being upgraded by Wedbush. Yelp shares decreased by 4% after Bank of America initiated coverage with an underperform rating.

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