France’s Schneider Electric Nears $20B Deal to Buy US Software Group PTC

France’s Schneider Electric is nearing a deal to buy US software group PTC for about $20 billion, the Financial Times reported on Sunday, citing people with knowledge of the matter.

A deal may be announced as soon as Monday, the newspaper said, adding that discussions between the two companies were ongoing and that there was no certainty they would result in a deal.

Reuters could not immediately verify the FT report. Schneider Electric and PTC did not immediately respond to Reuters’ requests for comment outside regular business hours.

Boston-based PTC has a market value of $15.63 billion, according to LSEG data.

In July, the company lifted its annual revenue forecast after third-quarter results, betting on strong demand for its core industrial software and artificial intelligence-powered tools. NYPost reports.

🧪 Vaxcyte Reports Positive Topline Data from OPUS-1, the Pivotal Adult Phase 3 Trial of VAX-31. Stock Up in Pre-Market

Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced positive topline results from the OPUS-1 pivotal adult Phase 3 trial evaluating the safety, tolerability and immunogenicity of VAX-31, the company’s next-generation 31-valent pneumococcal conjugate vaccine (PCV) candidate, for the prevention of invasive pneumococcal disease (IPD) and pneumococcal pneumonia.

The results of OPUS-1 will serve as the cornerstone of a planned filing of a Biologics License Application (BLA), which will be subject to review by the U.S. Food and Drug Administration (FDA). GlobeNewswire reports.

🧩 Qualcomm Licenses Patents on Huawei’s LogicFolding Chip Tech

Qualcomm Inc. has agreed to license patents underpinning Huawei Technologies Co.'s novel LogicFolding chipmaking technique, a win for the Chinese company and its push to advance in overseas AI markets.

The multiyear deal is part of a cross-license agreement between the two chipmakers, spanning technologies related to 5G devices, AI services, near- and co-packaged optics and networks, a Huawei spokesperson said Monday.

The agreement with Qualcomm helps validate the Shenzhen-based company's chipmaking capabilities. Huawei sees its new architecture as a breakthrough that boosts semiconductor performance and helps it narrow the gap with industry leaders such as Taiwan Semiconductor Manufacturing Co.

That approach focuses on improving data transmission speeds to make up for China's lack of access to ASML Holding NV's extreme ultraviolet lithography machines, the gold standard for the production of cutting-edge chips. Yahoo Finance reports.

🛒 Why Is MercadoLibre Stock Surging on Monday?

MercadoLibre, Inc. (NASDAQ: MELI) stock is trading about 6% higher during Monday’s premarket session as investors assess the results of Brazil’s first-round presidential election.

According to reports, the market appears to be favoring far-right candidate Flavio Bolsonaro on account of promises of greater fiscal discipline, highlighted by many economists in Brazil as the need of the hour. Debt-to-GDP stands at 81.9%, up 10% since Lula took office, according to CNBC.

Brazil generated $15.2 billion of MercadoLibre’s $28.9 billion in net revenues and financial income in 2025, according to its annual report. That represents about 52.6% of the total, making Brazil its largest market by that measure.

The exposure makes Brazil’s economic outlook particularly relevant to MercadoLibre’s e-commerce and financial services businesses. Benzinga reports.

🏭 Why Is Vistra Stock Soaring on Monday?

Vistra Corp. (NYSE: VST) stock is up more than 6% in Monday’s premarket session after a report said the Trump administration plans to offer the company about $4 billion in loans to fund upgrades at three nuclear facilities.

The financing package would support projects at two Vistra nuclear plants in Ohio and another in Pennsylvania.

Vistra’s Perry plant has one reactor with about 1.3 gigawatts of capacity, while Davis-Besse operates a single 900-megawatt reactor. The two-unit Beaver Valley facility has about 1.9 gigawatts of combined capacity. Benzinga reports.

🧠 Nvidia’s Valuations Show AI Rally Isn’t a Bubble, DBS Says

Nvidia Corp.’s valuation and projected 70% earnings growth for next year suggest that AI-driven technology stocks remain far from bubble territory, according to DBS Group Chief Investment Officer Hou Wey Fook.

Nvidia trades at 17 times its 12-month forward earnings, compared with Cisco Systems Inc.’s roughly 100 times valuation before the dot-com crash.

Hou said the semiconductor and AI sectors still have tailwinds, while advocating a “barbell” approach to manage portfolio volatility by pairing growth-focused technology stocks with investment-grade fixed income, hedge funds and gold. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) PSKY: Paramount Skydance Corporation
Total gain: +100.21%

2) VEEA: Veea Inc.
Total gain: +65.17%

3) PCVX: Vaxcyte, Inc.
Total gain: +50.90%

4) SDEV: Stablecoin Development Corporation
Total gain: +43.32%

5) PTC: PTC Inc.
Total gain: +36.44%

The closing price of the top three market percent gainers trading near or above $2 on Oct 2.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) AMOD: Alpha Modus Holdings, Inc.
Total gain: +198.29%

The stock appeared to be moving on no notable news.

2) SDEV: Stablecoin Development Corporation
Total gain: +104.37%

The stock appeared to be moving on no notable news.

3) XRPN: Armada Acquisition Corp. II
Total gain: +68.25%

The company announced that Armada II shareholders approved the proposed business combination between the two companies at Armada II's extraordinary general meeting held on September 30, 2026. The business combination is expected to raise approximately $300 million in gross cash proceeds, including $225 million from related private placements, $30 million of incremental convertible note financing, and approximately $48 million of trust proceeds, before transaction expenses. PRNewswire reports.

Ratios represent the number of post-split shares received for each pre-split share held.

VTAK

Catheter Precision

Payable on 5 Oct 2026

Non Optionable

1:10 Ratio

GUTS

Fractyl Health

Payable on 5 Oct 2026

Non Optionable

1:12 Ratio

CMND

Clearmind Medicine

Payable on 5 Oct 2026

Non Optionable

1:8 Ratio

Time (ET) / Report / Period

• 9:45 AM / US Services PMI / Sep
• 10:00 AM / ISM Report On Business Services PMI / Sep

“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them.”

– Peter Lynch

Sourced in: One Up On Wall Street by Peter Lynch.

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