US PRE-MARKET MOVERS: AZN, COST, PEP, LEVI, CBRS, IBM, MSFT, ENVX, AZZ, FCEL, CRM, PSKY

ES +0.2% NQ +0.9% RTY +0.3% AZN -8.0%: Wainua failed to meet its target in Phase III trial COST -1.7%: Total SSS growth in June eased from May PEP -2.7%: Earnings weighed by consumer budgets tightening; expects high input cost inflation in H2 vs H1 LEVI -4.0%: Q3 & FY26 outlook disappointed CBRS +5.3%: Announced a major expansion of its European AI infrastructure IBM -4.3%, MSFT -1.8%: SBUX is reportedly developing in-house tools with the help of AI that could replace some software applications it now buys from companies such as MSFT & IBM ENVX +12.2%: Appointed former Director of Product Operations at Apple, Michael Vyvoda, as COO AZZ +7.5%: EPS & rev. beat FCEL +10.7%: Announced a collaboration with Siemens to accelerate the deployment of fuel cell-based distributed power generation. CRM -4.7%: Downgraded at KeyBanc to 'Sector Weight' from 'Overweight' PSKY -2.6%: Downgraded at Arete to 'Sell' from 'Neutral'