Premarket Stock Movers: Hanesbrands Soars on $5B Buyout Talks, On Holding Beats, BigBear.ai Plunges

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U.S. stock futures are steady Tuesday, but several names are making big premarket moves:

Hanesbrands (HBI) 🚀 +42% — Financial Times reports the T-shirt maker is nearing a $5B acquisition deal with Gildan Activewear (GIL). Gildan shares fell -5%.
Sinclair (SBGI) 📺 +18% — Launches strategic review that could lead to a merger or spinoff of its Ventures unit.
On Holding (ONON) 👟 +11% — Q2 revenue CHF 749M, beating estimates (CHF 705M) and raising full-year guidance.
Celanese (CE) 🧪 -15% — CEO warns of weak demand despite Q2 earnings beat.
BigBear.ai (BBAI) 🤖 -30% — Q2 loss of $0.71/share far worse than -$0.06 expected; revenue $32.5M vs. $40.6M forecast.
Circle Internet Group (CRCL) 💲 +6% — Strong revenue growth in first earnings report as a public company.
Intel (INTC) 💻 +2% — President Trump praises CEO Lip-Bu Tan days after calling for his resignation.
Nvidia (NVDA) 🎮 -0.5% — Trump open to allowing sales of downgraded AI chips to China.
Apple (AAPL) 📱 -1% — Elon Musk threatens legal action over Grok AI app rankings. Tesla (TSLA) +0.5%.