^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

1000 - UMich consumer sentiment for September: Expected 58; Prior 58.2
1000 - UMich1yr inflation for September: Expected 4.8%; Prior 4.8%
1000 - UMich 5yr inflation for September: Expected 3.4%; Prior 3.5%

Microsoft Corp (MSFT)

+1.00%

The company signed a non-binding agreement with OpenAI to redefine their partnership. This agreement paves the way for OpenAI to restructure as a for-profit company, though financial and exclusivity details remain undisclosed; this includes whether or not Microsoft will continue to have exclusive access to innovations at OpenAI. Separately, the European Commission accepted Microsoft’s commitments to address antitrust concerns by offering Office 365 and Microsoft 365 without Teams at lower prices.

Opendoor Technologies Inc (OPEN)

-2.85%

Pulling back modestly following an eye-catching rally on Thursday that saw the stock gain almost 80% and close near intraday highs. This exuberance was driven by the appointment of Kaz Nejatian as CEO, with co-founders Eric Wu and Keith Rabois set to rejoin the board. Opendoor has seen a marked increase in attention from retail investors since hedge fund manager Eric Jackson began posting about the stock on social media in mid-July.

NVIDIA Corp (NVDA)

+0.09%

On watch after Bloomberg reported that Nvidia and OpenAI plan to back billions of dollars in UK data center investments in partnership with London-based Nscale Global Holdings. The pledge is expected during their visit to the UK next week, coinciding with U.S. President Donald Trump’s trip. Nvidia CEO Jensen Huang previously visited the UK in June 2025, where he spoke about supporting AI investment in the region.

Adobe Inc (ADBE)

+2.95%

Trading higher premarket following its Q3 2025 earnings report, with adjusted earnings of $5.31 per share and sales of $5.99 billion beating estimates of $5.18 and $5.91 billion, respectively. The company guided adjusted earnings between $5.35 and $5.40 per share for Q4, above estimates of $5.34, and the midpoint of its quarterly sales guide also exceeded estimates. Adobe raised its EPS and sales guidance for fiscal 2025, both of which now surpass analyst estimates.

Warner Bros Discovery Inc (WBD)

+5.13%

Continuing to trade sharply higher after closing nearly 29% higher on Thursday, driven by reports that Paramount Skydance is interested in making a takeover bid for the company. Paramount is reportedly working with investment banks on a formal all-cash bid to acquire Warner Bros Discovery ahead of its 2026 business split, with an offer expected next week. A merger would create a media powerhouse combining assets like CNN, HBO, CBS, Paramount+, and major sports broadcasting rights.

Gemini Space Station Inc (GEMI)

0.00%

The crypto company is set to make its debut as a publicly-traded company via a Nasdaq IPO on Friday. The company is offering 16,666,667 shares at $28 per share, above the expected range of $24 to $26, valuing the offering at $455 million. This debut follows hotly-anticipated crypto IPOs like Bullish and Circle earlier this year.

Apple Inc (AAPL)

-0.30%

The South China Morning Post reported that the company is expected to delay shipments of its new iPhone Air in China as it works with regulators on eSIM-related approvals. The company has updated mainland ordering details, replacing the launch schedule with a notice that release information will be provided later. Separately, Apple gained FDA clearance to roll out a hypertension detection feature on its smartwatches next week. This feature could alert about a million people to potential high blood pressure risks, though it won’t catch every case.

Cannabis Stocks

+3.41%

Trading higher as a group amid growing optimism surrounding the potential rescheduling of cannabis. Anthony Martinelli, founder and editor-in-chief of the Marijuana Herald, shared a social media post on Thursday afternoon claimed that “Congress is about to overwhelmingly approve medical cannabis for veterans”; he later amended the post to claim that this action had been approved. The post, which was shared just before 2:00 PM ET, coincided with a volume spike on many cannabis tickers.

TLRY, CGC, ACB, CRON, SNDL, MSOS

BigBear.ai Holdings (BBAI)

+6.37%

Trading sharply higher premarket after announcing the deployment of its Enhanced Passenger Processing system with veriScan® biometric technology at Nashville International Airport. The system will allow US citizens to clear customs faster and more efficiently. This solution, already adopted at other major airports, has reduced processing times, eased congestion, and improved passenger satisfaction.

HCW Biologics Inc (HCWB)

+81.02%

Gapping up after the company announced that it has developed new tissue factor-targeting T-cell engagers for solid tumors using its proprietary TRBC product discovery and development platform. These experimental therapies aim to enhance immune responses against cancer. The company has a market capitalization of $7.14 million and a float of 1.63 million shares, approximately 15.05% of which are sold short.