Shares in several notable companies experienced significant movements on Monday as market participants reacted to corporate developments and broader economic trends.

Palantir Technologies saw its shares rise for a second consecutive day, climbing nearly 3%. This advance marked a partial recovery after a period of losses linked to concerns about the durability of the recent surge in artificial intelligence-related stocks.

In telecommunications, Verizon Communications reported plans to form a joint venture with BT, the London-based operator. However, Verizon warned it expects a second-quarter loss of up to $800 million tied to the BT deal. The announcement weighed on Verizon’s stock, which declined 5% in Monday trading.

Ipsen, the French pharmaceutical company, announced an agreement to acquire U.S. clinical-stage biopharmaceutical firm Kartos Therapeutics. The move is intended to expand Ipsen’s cancer drug portfolio. Ipsen’s shares gained nearly 2% in European markets following the news.

Comcast disclosed a major restructuring plan to separate its media and connectivity units by spinning off NBCUniversal and Sky in a tax-free transaction. The announcement boosted Comcast’s shares by more than 4%, while competitor Charter Communications surged over 9%, reflecting investor enthusiasm in the broadband sector.

In an industry-defining deal, Rocket Lab revealed an agreement to acquire Iridium Communications through a combination of cash and stock. The takeover would grant Rocket Lab control over a satellite constellation and wireless capabilities to better compete with SpaceX. Shares of Rocket Lab jumped 16%, with Iridium’s stock soaring over 25%.

British American Tobacco’s London-listed shares decreased by over 1% after the company announced plans to reduce its workforce by 5,500 jobs as part of cost-cutting efforts.

Meanwhile, Strategy Shares rallied 12% following news that Michael Saylor’s investment vehicle plans to repurchase up to $1 billion of its Class A common stock, while also considering selling some bitcoin holdings to raise as much as $1.25 billion in liquidity.

Owens Corning’s shares surged 15% amid reports that Carlisle Companies has made multiple unsolicited offers to acquire the building-products manufacturer.

In the U.K. defense sector, Babcock International’s shares fell 5% after the British government scrapped plans for an advanced warship project that Babcock had been competing to develop.

On the broader market front, Nasdaq announced it will accelerate the inclusion of Elon Musk’s SpaceX in its Nasdaq-100 index, effective before the market open on July 7. SpaceX shares closed Monday at $164.19, slightly above their initial trading price following the company’s June 12 IPO.

Precious metals continued their sharp decline, with gold shedding over $500 per ounce, a nearly 12% drop in June. This performance positions the metal for its worst monthly decline since June 2013. Silver futures also slumped, down 22% for the quarter—the steepest quarterly decline in 13 years by percentage terms. At Monday’s close, silver settled at $58.175 an ounce, on track for a record quarterly drop of $16.515. The selloff in precious metals is attributed to growing uncertainty over interest rate trajectories and a broader trend of investors shedding riskier assets. Gold futures fell to $4,022.30 per troy ounce on Monday, extending the second-quarter decline to a record $625.30.