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Pre-market Headlines: Iranian Foreign Ministry Denies Talks with U.S.; SpaceX Stock Hits All-Time Low in Pre-market Trading; iPhone Foldable Screen to Start at a Price of at Least $2,000

Aug 3, 21:05

August 3rd, a summary of key pre-market news:

1. Iranian Foreign Ministry spokesman Baghaei stated that there are currently no talks with the United States and that dialogue is ongoing with Oman regarding the Strait of Hormuz.

2. Federal Reserve's Williams stated that he remains optimistic that inflation pressures will gradually ease, but if this is not the case, the Fed will not hesitate to raise interest rates to ensure price pressures return to target levels.

3. SpaceX fell below $106 in pre-market trading, hitting a new all-time low.

4. Samsung Electronics' foundry division expects to achieve 100% capacity utilization in the second half of this year. Currently, the division's utilization rate is estimated to be between 70% and 80%.

5. Eli Lilly (LLY.N): Pancreatic cancer therapy receives breakthrough therapy designation.

6. Italian Prysmian Group stated on Monday that it is in deep negotiations regarding the acquisition of U.S. electrical manufacturing company Atkore.

7. Apple (AAPL.O) is limiting the number of security vulnerabilities that external researchers can submit at once, as a surge in AI-generated reports has overwhelmed its review process.

8. Alibaba (BABA.N) rose nearly 4% in pre-market trading. On the news front, Alibaba's Thousand Answers released Qwen3.8-Max.

9. Goldman Sachs stated that the iPhone is expected to increase in price by $100 to $200. As for the foldable iPhone, it mentioned that its starting price would be at least $2,000, if not higher.

10. Samantha Rule proposer Claudia Sam stated that if the Federal Reserve continues to ignore signals from the grassroots economy in the long term, it may misjudge the economic situation due to distorted macro data. Although there is increasing pressure on the grassroots economy, some companies have begun proactively raising wages due to rising employee living costs, which may rekindle inflation risks. She believes that as a data-driven institution, the Fed should not rely solely on macroeconomic statistics but should pay attention to ordinary families' real feelings about prices and employment. Otherwise, it may miss crucial signals of economic change.