Market Overview - Stock index futures are down, with S&P 500 futures down 1%, Nasdaq 100 futures down 1.2%, and Dow futures down 0.75% due to concerns about the health of regional banks [3] - Major averages on Wall Street closed lower on the previous day [4] - Bank stocks are predominantly losers in early trading, reflecting negative sentiment [5] Regional Banks - Concerns were heightened after Zions Bancorp reported a $50 million charge-off and Western Alliance alleged fraud on loans, drawing comparisons to the regional bank stress following the SVB collapse in March 2023 [6] Pharmaceutical Sector - Novo Nordisk's stock is down 4% after President Trump announced plans to reduce the price of Ozempic, a weight-loss medication, potentially lowering it to $150 per month from approximately $1,000 [7][10] - Eli Lilly's stock is down 5% in premarket trading due to similar concerns regarding drug pricing [10] Automotive Industry - Ford is recalling nearly 625,000 vehicles in the U.S. due to seatbelt and rear-view camera display issues [11] - The recall includes 332,778 Ford Mustang cars for seatbelt concerns and 291,901 F-Series trucks for faulty camera displays, with dealers set to address these issues at no charge [12] Other Notable Movements - Micron Technology's shares fell 4% following reports of halting sales of server chips to data centers in China due to a business slump linked to a ban on its products [14]