Check out the companies making headlines before the bell. Trilogy Metals — U.S.-listed shares of the Canadian minerals explorer soared more than 222% after the White House said it would take a stake in the company . The Trump administration will invest $35.6 million in Trilogy as part of a new partnership, making the U.S. government a 10% shareholder. Aehr Test Systems — The stock plunged 20% after the semiconductor testing solutions firm reported a year-over-year drop in revenue and declined to issue guidance due to global trade tensions. Dollar Tree — Shares fell 4% after Jefferies downgraded the discount retailer’s stock to underperform from hold. The firm also called for a 20% drop in Dollar Tree. Advanced Micro Devices – The chipmaker’s stock rose nearly 4% after a Jefferies upgrade to buy from hold. The investment bank also called for more than 47% upside in the chipmaker. IBM – International Business Machines jumped about 4% after agreeing to integrate Anthropic’s Claude chatbot into its software portfolio. Constellation Brands — The Modelo distributor rose 3% after posting better-than-expected top- and bottom line growth in fiscal second-quarter earnings. Intercontinental Exchange — The New York Stock Exchange parent rose more than 3% after taking a $2 billion stake in prediction market platform Polymarket. The deal values Polymarket at about $8 billion. Galaxy Digi …
