It's time for Yahoo Finance's Market Minute. US stocks pull back here, driven by the US and Israeli war with Iran, conflicting messages from the US and Iran, fueling mounting uncertainty about the prospects for talks to end the Middle East conflict.
Jack Daniel's owner Brown Foreman sees its stock surging, the company rising on a report of merger talks with Pernod Ricard. According to Bloomberg, Pernod has had conversations with Brown Foreman leadership about acquiring that company.
The move from Pernod comes as beverage distributors have been struggling with slowing sales growth.
Better Home and Finance shares pop as Fannie May says it will begin accepting crypto backed mortgages with a new Better Home and Coinbase product.
Token backed mortgages are originated and serviced by Better, while Bitcoin and USDC pledges are powered by Coinbase.
And that's your Yahoo Finance market minute. Scan the QR code below to track the best and worst performing stocks for the trading session.