has launched a below-market financing rate for new Model Y electric-vehicle purchases. The company is offering a 0.99% annual percentage rate on qualifying new Model Y purchases. The deal wasn’t available a week ago—the quoted rate then was 6.49% APR. Lower financing rates can drive volume but the deal from
amounts to another price cut amid slowing demand growth for electric vehicles, according to Al Root of Barron’s. Tesla shares were up 0.4% in premarket trading. The stock has declined 32% this year.
U.S.-listed shares of
were rising 1.5% following a report that said the chip designer was seeking to launch its first artificial-intelligence chips next year. Nikkei Asia said U.K.-based Arm planned to set up an AI chip division, with aims to build a prototype by spring 2025.
said Friday its trial evaluating a combination of cancer treatments failed to meet the primary endpoint of progression-free survival. The company said it would “complete a full evaluation of the data and work with investigators to share the results with the scientific community.” The stock declined 1.3% in premarket trading.
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was rising 17% in premarket trading as Keith Gill, the investor who posts on Reddit, X, YouTube, and other social media networks as Roaring Kitty, made his first social media post on the X platform in three years. Gill had a hand in driving shares of the video game retailer higher in 2020 during the “meme stock” craze. MarketWatch reported Gill made a cryptic post that was meant to show he was paying attention to
shares, which have rallied about 70% in May.
Earnings reports are expected Monday from
StoneCo
,
and
Agilysys
.
Reports are expected later in the week from
Walmart
,
Alibaba
,
Deere
,
JD.com
,
Sony
,
Copart
,
Baidu
,
Take-Two Interactive Software
,
and
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Write to Joe Woelfel at joseph.woelfel@barrons.com
