Monday’s Pre-Market: Here’s What You Need to Know Before the Market Opens

$E-mini Dow Futures(SEP4)(YMmain.US)$ futures were down 0.35%, $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ were down 0.41%, and $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ futures were down 0.50% at the time of writing.

$Camber Energy(CEI.US)$ was the most active stock in the pre-market session, with 2.16 million shares changing hands at the time of writing. The company has been hit with a string of class-action lawsuits following a scathing report by Kerrisdale Capital that alleges it is a defunct oil producer.

In M&A news, $Steel Dynamics(STLD.US)$ has entered into an agreement to acquire a 45% minority stake in New Process Steel. The financial terms of the deal remain under wraps. The minority stake should allow the steel producer to expand its exposure to value-added manufacturing opportunities.

$Apple(AAPL.US)$ is on the cusp of being hit with a regulatory probe in South Korea. Reuters reports that the company could be investigated in response to new legislation that bars it from forcing developers to use its payment systems. The enactment of the Telecommunication Business Act is South Korea’s way of trying to curtail tech giants’ dominance and block commission charging on in-app purchases.

$Block(SQ.US)$ CEO Jack Dorsey has confirmed they are exploring the possibility of creating a Bitcoin mining system based on “custom silicon and open source for individuals and businesses worldwide.” Dorsey hopes to make mining more distributed.