Stocks making the biggest moves premarket: Lumentum, ServiceNow, Sandisk & more

These are the stocks posting the largest moves premarket.
BlackRock rips page from hedge fund playbook, applies it to exchange-traded funds

BlackRock’s Jeffrey Rosenberg has a leading role in the firm’s liquid alt ETFs — which use a long-short strategy in ETF wrappers.
Nike shares are still not cheap after 30% drawdown this year, says Piper Sandler

Nike could struggle with sales as the athleisure market becomes more crowded and demand for sports-focused loungewear moves past its peak, per Piper Sandler.
How ‘married filing separately’ status could affect Trump tax breaks this season

The married filing separately status could affect eligibility for President Donald Trump’s tax breaks this season. Here’s what filers need to know.
China’s Xi invokes ‘threat’ of Taiwan independence in first cross-strait opposition talks in a decade

Xi Jinping hosted Taiwan’s main opposition leader in Beijing for the first time in a decade, ahead of a high-stakes meeting with Trump in May and Taiwan’s presidential election in 2028.
TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong

TSMC is benefiting from sustained demand for advanced semiconductors from its key customers like Apple and Nvidia.
Eli Lilly market share drops, Novo Nordisk holds firm as generic weight-loss drugs flood India

Eli Lilly loses share in India’s GLP‑1 market as cheap semaglutide generics surge, while Novo holds steady after deep price cuts to defend Ozempic, Wegovy.
What this real-world oil price says about the level of stress in the energy market

Energy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.
Investors are questioning gold’s role in portfolios, says Morgan Stanley — but another metal is set to outperform

Gold’s conventional role as a portfolio risk management tool has been brought into question over a dramatic five-week period for commodity prices
The Trump administration is getting angry as EU Big Tech fines top $7 billion in 2 years

The European Commission and Trump administration are increasingly clashing over the bloc’s actions against U.S. tech companies.