Europe Asia News

The rare earth mining company led the pre-market rally, gaining 3% after Deutsche Bank upgraded its rating from “hold” to “buy.” The bank highlighted MP as a buying opportunity for investors interested in rare earth elements.

Defense technology stocks also rose 3%. Last week, they had lost more than 11% after heavy selling of artificial intelligence–focused companies.

Shares of the three major airlines — American Airlines, United Airlines, and Delta Air Lines — rose about 2% in pre-market trading on hopes that the U.S. government shutdown may soon end. The Senate approved the first phase of a deal to end the deadlock that began on October 1. Hundreds of flights were canceled due to the cuts.

Meanwhile, obesity drug developer Metsera fell 15% after Pfizer beat rival Novo Nordisk to win the bidding war for the company. Pfizer agreed to pay $86.25 per share, representing about a 4% premium over Friday’s closing price.

Video-sharing platform Rumble surged more than 17% after the company secured a $100 million advertising commitment from Tether. It also announced a deal to acquire German AI company Northern Data for about $767 million.

Communications company Viasat reported smaller losses last quarter thanks to strength in its communications services segment, leading to a 12% gain in its shares. Raymond James also upgraded the stock following the results.

Alcoholic beverage giant Diageo announced it will appoint former Tesco CEO Dave Lewis as its new chief executive to reinvigorate growth. The news pushed shares up about 8%. Lewis, known for cost-cutting and innovative marketing, will join Diageo in 2026.