By Caitlin McCabe
Alphabet $(GOOGL)$: Chinese regulators opened an antitrust probe into Google, drawing parent company Alphabet into escalating U.S.-China trade tensions. Alphabet is due to report results after markets close.
Diageo (UK:DGE), $(DEO)$: The maker of Don Julio tequila and Crown Royal whisky withdrew a sales-growth target, saying tariffs made it harder to provide forecasts. Shares fell more than 4% in London.
PDD Holdings $(PDD)$: Investors worry that new tariffs on China and the end of "de minimis exemptions" for small packages could hit the Chinese e-commerce company's Temu business. PDD stock ticked up premarket, after two days of declines.
UBS (CH:UBSG), (UBS): The Swiss bank reported a higher-than-expected quarterly profit and said it would buy back up to $3 billion of stock this year. Shares fell 5% in Europe.
Palantir Technologies $(PLTR)$: Shares of the data-analytics company surged premarket after it reported strong sales growth and said demand for artificial-intelligence products keeps growing.
Spotify $(SPOT)$, PepsiCo $(PEP)$, Apollo Global Management $(APO)$, Pfizer $(PFE)$ and KKR $(KKR)$ are due to report results before markets open. Advanced Micro Devices $(AMD)$ will follow after the close.
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(END) Dow Jones Newswires
February 04, 2025 05:01 ET (10:01 GMT)
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