According to CNBC, PTC shares surged 36% premarket after the software company agreed to be acquired by Schneider Electric for $205 per share, valuing its equity at more than $22 billion, with the transaction expected to close by the third quarter of 2027. Brazilian stocks rallied after right-wing presidential candidate Flavio Bolsonaro edged out incumbent Luiz Inacio Lula Da Silva by around 2 percentage points in an election held Sunday; the iShares MSCI Brazil ETF (EWZ) surged 12%, while U.S.-listed shares of Itau Unibanco and Banco Bradesco soared more than 13% each. Wells Fargo gained 1% after Morgan Stanley upgraded the stock to overweight from equal weight, with analyst Manan Gosalia saying normalizing balance sheet growth should ease funding pressure, stabilize net interest margin and raise conviction in the path to higher returns. DraftKings popped over 5% after Bank of America upgraded it to buy from neutral, with analyst Julie Hoover calling the company's prediction markets a win-win and expecting them to generate $400 million in fees for 2027 and between $200 million and $400 million in market making. Estee Lauder rose 2.8% after Barclays upgraded it to overweight from equal weight, saying it is bullish on the company's growth and earnings profile over the next several years.