5 things to know before the market opens on Tuesday

Happy Tuesday. Yesterday was a busy day AmazonExecutives: CEO Andy Jassy joins CNBC’s “Mad Money” and Chairman Jeff Bezos becomes honorary co-chairman and lead sponsor of last night’s Met Gala.

Stock futures are rising this morning after a losing day on Wall Street.

Here are five important things investors need to know to start their trading day.

Tensions escalated in the Middle East yesterday, with the fragile ceasefire agreement between the US and Iran moving closer to the brink. Oil prices soared and stocks fell in Monday trading on concerns about escalating conflict.

Here’s what you need to know:

The United Arab Emirates said on Monday it was under attack by Iranian missiles and drones, and the United States reportedly sunk six Iranian ships in the Strait of Hormuz. Tehran’s state media denied the claims. President Donald Trump warned yesterday that Iran would be “blown off the face of the earth” if it targeted U.S. ships in critical maritime lanes. Karshi traders now expect traffic in the strait not to normalize until at least August. Dow Jones Industrial Average Yesterday was the worst day in more than a month as rising oil prices weighed on sentiment, which fell more than 550 points. However, oil prices fell this morning after Danish shipping company Maersk announced that one of its ships had passed through the Strait of Hormuz under the protection of the US military. Follow us here for live market updates.

Palantir The company yesterday beat Wall Street’s revenue and bottom line expectations for its first quarter, reporting an 85% increase in sales for the same period, the fastest sales increase since going public in 2020.

The defense technology company announced that its net profit nearly quadrupled compared to the same period last year. Palantir’s domestic government revenue also rose 84% in the first quarter, up from 66% growth in the previous quarter.

CEO Alex Karp told CNBC that he expects the company’s U.S. business, which includes government and commercial customers, to double again next year. Palantir has raised its full-year guidance, expecting adjusted free cash flow to be between $4.2 billion and $4.4 billion.

The Securities and Exchange Commission agreed on Monday to settle the lawsuit against. tesla Chief Executive Officer Elon Musk has raised suspicions about securities violations ahead of the Twitter acquisition. If the agreement is approved by a judge, Musk’s revocable trust will pay $1.5 million in civil penalties to the SEC.

Regulators had accused Musk of failing to disclose his Twitter stake before buying the social media platform (later renamed X) for $44 billion in 2022. Musk’s lawyer, Alex Spiro, said the settlement vindicates the billionaire entrepreneur: “The trust company has agreed to pay a small penalty for each late filing.”

Meanwhile, the trial between Mr. Musk and OpenAI entered its second week yesterday. According to weekend filings, Musk sent a text message to OpenAI President Greg Brockman days before the trial began to see if Brockman was interested in settling the case.

Eli Lilly has long been considered the GLP-1 market leader. But the rise of weight-loss drugs has investors reconsidering what types of products and which companies will dominate the space.

Less than four months after its release, novo nordisk The Wegovy pill has been taken by tens of thousands of patients, most of whom are new to the GLP-1 category. Meanwhile, Eli Lilly’s competing drug, Foundayo, appears to have had a more modest rollout.

Elsewhere in the health care sector, insurers also showed signs of recovery in their first-quarter earnings reports. But as CNBC’s Annika Kim Constantino points out, incomplete health care cost data will make the second quarter a make-or-break moment for companies such as: united health, elegance and Signa.

Amazon announced yesterday a new initiative that will allow outside companies to use its supply chain network to deliver materials and products. As CNBC’s Laya Neelakandan reports, the move comes as the e-commerce giant looks to strengthen its services business.

shares of UPS and fedex Following this news, investors worried about intensifying competition in the logistics industry, causing stocks to fall more than 10% and 9%, respectively. Amazon says this includes the following retailers: procter and gamble to american eagle outfitters I have registered for a new program.

Speaking of Amazon, CEO Andy Jassy said last night on CNBC’s “Mad Money” that investors will benefit from the company’s artificial intelligence investments. “When you have a shift this important, you want to bet big,” he said.

game stop CEO Ryan Cohen spoke in a combative interview with CNBC yesterday after the video game retailer made an unsolicited takeover offer. eBay. GameStop stock fell more than 10% in yesterday’s trading, while eBay stock rose about 5%.

—CNBC’s Kevin Breuninger, Sean Conlon, Spencer Kimball, Justina Lee, Jordan Novet, Lola Murti, Lora Kolodny, Matt Peterson, Ashley Capoot, Angelica Peebles, Elsa Ohlen, Annika Kim Constantino, Laya Neelakandan, Alexa LoMonaco, Yun Li and Sam Meredith contributed to this report.

Davis Giangiulio helped produce this newsletter. Josephine Rozzelle edited this version.