Check out the companies that made headlines before the bell: U.S. Steel — President Joe Biden says “U.S. Steel will remain a proud American company,” as Japanese company Nippon Steel’s $14.9 billion deal. U.S. Steel stock fell nearly 8% after the company blocked its acquisition. Biden has said the domestic steel industry is a national security priority. BLOCK — The fintech company’s investment comes after Raymond James upgraded the stock to outperform the market, saying Brock trades at an attractive valuation even after the recent share price rally. The stock price rose nearly 3%. According to the company, the block seller’s total payment will be the catalyst for the stock price acceleration story in 2025. CALVANA — Online used car sales company Carvana on Thursday after short seller Hindenburg Research claimed that Carvana’s recent turnaround was a “mirage” fueled by shaky financing and accounting manipulation. , the stock price fell more than 2%. Chewy — The pet-focused e-commerce stock soared more than 2% after Wolfe Research upgraded it to outperform its peers. Wolf also named Chewy as a top internet stock pick. The company cited expected earnings upside, an improving macro environment, and product catalysts as reasons for optimism. Las Vegas Sands — Shares rose more than 3% after receiving an upgrade from Hold to Buy at Jefferies. The company said Macau’s “improving macro conditions” will strengthen this consumer segment and lead to gradual growth in the short term. Constellation Energy — Shares rose nearly 2%, extending gains from Thursday, when Constellation announced a more than $1 billion deal to supply nuclear power to the U.S. government over the next 10 years. —CNBC’s Alex Harring and Sean Conlon contributed reporting.
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