Company Updates - Spotify shares dropped following the announcement that co-founder and CEO Daniel Ek will step down, with co-presidents Gustav Soderstrom and Alex Norstrom set to take over as co-CEOs [2][4] - Instacart operator Maplebear saw its shares tumble after BTIG downgraded its rating from "buy" to "neutral," citing increased competition in the food delivery sector [2] - Firefly Aerospace experienced a significant decline in shares after one of its rocket boosters exploded during preflight tests [2] Market Reactions - Pfizer shares gained after the pharmaceutical company reached a deal with the Trump administration to lower drug prices [3][4] - CoreWeave shares surged following the announcement of a new agreement with Meta Platforms valued at up to $14.2 billion [3] - Lamb Weston Holdings shares increased after the company reported better-than-expected sales driven by improved restaurant demand [3] Economic Indicators - Major U.S. equities indexes, including the Dow, S&P 500, and Nasdaq, edged lower amid concerns over a potential government shutdown [4]

Core Points - CoreWeave's stock experienced a 14% decline following a larger-than-expected loss reported in its second quarterly financial results as a public company, with an adjusted loss of 27 cents per share compared to the 21-cent loss anticipated by analysts [1] - The expiration of the lock-up period after CoreWeave's initial public offering is expected to introduce volatility to the shares, as insiders will be allowed to sell their shares [2] - Analysts at Stifel expressed a long-term constructive outlook but noted that near-term upside may be limited due to potential dilution related to CORZ and the upcoming lock-up expiration [3] - For the current quarter, CoreWeave projects revenue between $1.26 billion and $1.30 billion, slightly above the $1.25 billion forecast by analysts, and has raised its 2025 revenue guidance to a range of $5.15 billion to $5.35 billion, up from the previous forecast of $4.9 billion to $5.1 billion [4]