Today's Morning Movers and Top Ratings: BRK, LI, TSN, SAVE and More

$Berkshire Hathaway-A(BRK.A.US)$ Class A shares increased by 1.2% following the conglomerate's announcement of a 39% surge in operating profit compared to the previous year. Additionally, the company led by Warren Buffett witnessed its cash reserves soar to unprecedented heights, nearing the $200 billion mark.

$Paramount Global-B(PARA.US)$ Shares surged by 2.4% after news emerged that the company behind Paramount Pictures and CBS Entertainment Group initiated official acquisition talks with a consortium headed by Sony Pictures Entertainment and Apollo. Meanwhile, Warren Buffett disclosed over the weekend that he had offloaded Berkshire Hathaway's entire holding in Paramount at a loss.

$Li Auto(LI.US)$ Shares of the Chinese electric vehicle manufacturer in the U.S. market soared by 6.7% following robust order numbers for the L6 model, which started being delivered last month.

$Tyson Foods(TSN.US)$ The stock rose 2.1% when Tyson announced adjusted earnings of 62 cents per share for the fiscal second quarter, surpassing the analysts' consensus of 39 cents per share as forecasted by StreetAccount. However, the revenue came in at $13.07 billion, slightly below the anticipated $13.15 billion consensus estimate.

$Victoria's Secret(VSCO.US)$ Shares of the lingerie company fell 5% in pre-market trading. Morgan Stanley demoted Victoria's Secret to an underweight rating and reduced its price target, pointing to anticipated negative adjustments to earnings per share and challenging conditions for specialty retail in the latter half of the year.

$Spirit Airlines(SAVE.US)$ Shares of the budget airline dropped 4% in premarket trading upon reporting a first-quarter loss of $1.46 per share, which was slightly more than the $1.45 per share loss analysts had predicted, according to FactSet consensus estimates. The company's revenue was in line with projections. Additionally, Spirit projected its second-quarter revenue to be in the range of $1.2 billion to $1.34 billion, falling short of FactSet's forecasted $1.46 billion.