Stellantis' turnaround plan, prediction market regulation, Oura's IPO filing and more in Morning Squawk

In this article AMZN GOOGL Follow your favorite stocks CREATE FREE ACCOUNT This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. If you're looking for a book for the long weekend, JPMorgan has some ideas. Stock futures are higher before the bell. All three major indexes posted a winning day yesterday and are on track for a positive week. Here are five key things investors need to know to start the trading day 1. Deals, demand and a delay The logos of Google Gemini, ChatGPT, Microsoft Copilot, Claude by Anthropic, Perplexity, and Bing apps are displayed on the screen of a smartphone in Reno, United States, on November 21, 2024. Jaque Silva | Nurphoto | Getty Images 2. Pedal to the metal 2027 Ram 1500 Rumble Bee 392 Courtesy: Ram Trucks Stellantis unveiled a new five-year plan yesterday that involves nearly $70 billion in investment. The carmaker is aiming to have positive free cash flow by next year. As CNBC's Michael Wayland reports, the Jeep parent expects to introduce more than 60 new vehicles and update 50 models under the plan, which it dubbed "FaSTLAne 2030." That list of new releases includes crossovers under the Chrysler brand, which currently only produces minivans. Stellantis is targeting 35% sales growth in North America by 2030, driven by 60% growth in Chrysler and Ram Trucks. Speaking at a press conference following the company's investor day, CEO Antonio Filosa also said he sees potential to bring Chinese-branded cars to Mexico and Canada — but not the U.S. 3. Pre-vacation jitters Acting Attorney General Todd Blanche arrives at the U.S Capitol on May 21, 2026 in Washington, DC. Win Mcnamee | Getty Images Republican blowback to Trump's $1.8 billion "lawfare" fund held up the Senate's plans to consider a Department of Homeland Security funding package yesterday. Lawmakers will now leave Washington and miss the president's arbitrary June 1 deadline for passing the legislation. The change in plans came after Acting Attorney General Todd Blanche met with Republican senators yesterday over the controversial "anti-weaponization" fund, apparently failing to soothe concerns within the president's party. In a statement obtained by MS NOW, Sen. Mitch McConnell of Kentucky called the fund "utterly stupid" and "morally wrong." Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today. 4. Contract dispute The Commodity Futures Trading Commission headquarters in Washington, D.C. Ting Shen | Bloomberg | Getty Images State and federal governments are at odds over who can regulate prediction markets. As CNBC's Davis Giangiulio reports, that's led to a high-stakes battle playing out in courtrooms. Regulators in 16 states have entered into legal proceedings involving prediction markets. But the Commodity Futures Trading Commission has sued some states to defend what it sees as its "exclusive jurisdiction" to oversee the platforms Lawmakers are also trying to rein in prediction markets. House Oversight Chair James Comer told CNBC's "Squawk Box" this morning that he is launching an investigation into insider trading on Kalshi and Polymarket. 5. Public aura Make room, SpaceX and OpenAI: Oura is also looking to ride the IPO wave. The smart ring maker said yesterday that it confidentially filed a draft of its prospectus with regulators. The company did not specific a timeline for going public, saying its debut would follow the Securities and Exchange Commission review and could be impacted by market conditions. Oura is on pace to break the five-million paid member mark this quarter, which would reflect a fourfold increase over the last two years. The company, whose smart ring tracks wearers' health and sleep, was valued at $11 billion in October. The Daily Dividend