Oil Spikes, Crinetics Soars on $10B Acquisition, Intel Plunges Amidst Divergent US Markets

1. Brent crude prices surged $2 per barrel following reports of a tanker incident near the Strait of Hormuz, sparking geopolitical concerns.
2. Crinetics Pharmaceuticals shares nearly doubled after Vertex Pharmaceuticals announced a $10 billion acquisition deal.
3. Intel (INTC) stock plunged 10% intraday, as the US stock market showed divergent trends with Nasdaq down and Dow up.