Nike shares fell over 10% premarket after the company missed LSEG consensus revenue expectations for its fiscal first quarter, with sales down 4% amid weakness in China. Nike also announced plans to lay off staff in 2027. Synaptics and ON Semiconductor shares rose over 14% and 7%, respectively, after reports that ON Semiconductor would acquire Synaptics for $123 per share in cash, valuing the transaction at $5.7 billion, down from the prior agreement's $7 billion valuation. Nexalin Technology dropped over 18% after announcing a 10-year distribution and manufacturing agreement with Inovanexa Medical Technologies, under which its Nexalin Sync neurostimulation device was approved for distribution in seven South American countries. Vylor edged higher after being added to the S&P 500 and spun off from Corteva, which it replaced in the index; Corteva will move to the S&P MidCap 400. Seagate Technology and Western Digital fell over 11% and 8%, respectively, after a Nikkei report said Toshiba would double hard-disk-drive production capacity and invest $380 million to expand facilities in the Philippines.