Shares of Canadian company Lithium Americas jumped more than 30% in pre-market trading after news that the US Department of Energy acquired a 5% stake in the company. The funds will be directed toward the development of a Nevada mine, which could become one of the largest in the world and strengthen the US strategy to build a domestic supply chain for battery metals.

Meanwhile, major technology stocks came under pressure. A court in San Jose rejected the motion by Meta, Alphabet, and Apple to dismiss a case related to the promotion of online casinos through their platforms. The consumer protection lawsuit will proceed, except for claims in California.

Warren Buffett’s Berkshire Hathaway moved closer to finalizing a deal to purchase Occidental Petroleum’s petrochemical unit for about $10 billion. The agreement, which could be Berkshire’s largest in the past three years, would help Occidental reduce its debt load.

Nike also pleased investors, rising more than 3% in pre-market after reporting better-than-expected results. The company’s sales, supported by growth in the wholesale segment and new releases of Pegasus, Structure, and Vomero running shoes, boosted confidence in the strategy of new CEO Elliot Hill. Analysts believe that full recovery could take several more quarters, but upcoming events such as the Olympics and the World Cup will provide strong growth drivers for the brand.