Aug 25, 12:15 PM

Intel Rises on U.S. 10% Stake; Keurig Dr Pepper Falls on $18 B JDE Peet’s Bid

U.S. equity futures drifted lower Monday, with S&P 500 contracts down 0.2%, as investors digested a flurry of deal news and a rare federal investment in a major technology supplier. Intel rose about 1.5% in pre-market trading after Washington confirmed it will take a 10% stake in the chipmaker, underscoring the Biden administration’s drive to secure domestic semiconductor production. Terms of the investment were not disclosed. Keurig Dr Pepper slid roughly 4% after agreeing to buy Dutch coffee and tea company JDE Peet’s for about $18 billion, or €31.85 a share. The beverage group said that once the transaction closes it intends to separate its soft-drinks and coffee operations into two publicly traded U.S. companies. Call-center software provider Verint Systems jumped as much as 13% on reports that private-equity firm Thoma Bravo is close to a takeover valuing the company at roughly $2 billion. Elsewhere, Chinese e-commerce platform Pinduoduo advanced 11% after posting stronger-than-expected earnings, while furniture retailers lagged on concerns over a potential tariff probe into imported products.

#Intel #Washington #Biden #Keurig Dr Pepper #Dutch #JDE Peet #Verint Systems #Thoma Bravo #Chinese #Pinduoduo

Written with ChatGPT .

Intel Rises on U.S. 10% Stake; Keurig Dr Pepper Falls on $18 B JDE Peet’s Bid

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