U.S. stock-index futures were mixed before the opening bell, with Dow Jones Industrial Average futures down 0.35%, S&P 500 futures up 0.02% and Nasdaq 100 futures up 0.28%. Oil and precious metals edged higher, while major European equity benchmarks traded modestly lower. Corporate developments were also in focus: Google has hired banks for a debut Australian dollar bond sale of about A$5 billion, Nvidia is investing $1.5 billion in SoftBank-backed SB Energy to support a 20-year data center build-and-lease arrangement, and OpenAI's planned IPO, once expected this year, is now likely to be delayed until next year amid repeated management reshuffles. Morgan Stanley said cheaper open-source models are pushing token prices lower and turning AI services into more of a commodity, potentially pressuring cloud-provider margins and some computing-power tenants. Wells Fargo said JPMorgan Chase could become the world's first bank to reach a $1 trillion market value, maintaining an overweight rating and lifting its price target to $390 from $375. Donald Trump also reiterated that Iran cannot have nuclear weapons and confirmed the existence of a secret communication channel with officials from Iran's Islamic Revolutionary Guard Corps.