U.S. stock futures are pointing higher as investors monitor geopolitical tensions ahead of a holiday-shortened week; Victoria's Secret (VSCO) shares are rising in premarket trading on a report that an activist investor has built a stake in the struggling lingerie retailer; EchoStar (SATS) shares are soaring on a report that President Donald Trump urged the FCC to resolve a dispute over the company's spectrum licenses; Sarepta Therapeutics (SRPT) shares are plunging after the firm reported a second patient has died taking its Duchenne muscular dystrophy treatment; and Microsoft (MSFT) says it is offering more local data control for European customers.

1. US Stock Futures Rise as Investors Eye Israel-Iran Conflict, Fed Rate Decision

U.S. stock futures are pointing higher as investors monitor Israel-Iran developments and prepare for a holiday-shortened trading week that includes a Federal Reserve interest-rate decision. Futures associated with the Nasdaq, S&P 500, and Dow Jones Industrial Average are up 0.7%, 0.6%, and 0.5%, respectively, after the indexes dropped Friday in reaction to the Middle East conflict. Oil futures are falling 1.3% after soaring Friday. Bitcoin (BTCUSD) is gaining to trade at nearly $107,000. The 10-year Treasury yield is rising and gold futures are falling.

2. Victoria's Secret Stock Rises on Report Activist Investor Building Stake

Victoria's Secret (VSCO) shares are rising more than 4% in premarket trading after a report that activist investor Barington Capital Group has built a stake in the struggling lingerie retailer. The Wall Street Journal reported that Barington plans to keep boosting its stake of more than 1% in the company, while pushing it to replace a majority of its board with new independent directors who can help the company restore its focus on its core bra business. Victoria's Secret last week lowered its outlook on worries over tariffs costs after it delayed the release due to a cybersecurity issue. Its shares entered Monday down 56% this year.

3. EchoStar Stock Soars on Report of Trump Meeting with FCC

Shares of Dish Network and Boost Mobile parent EchoStar (SATS) are surging nearly 50% in premarket trading on a report that President Donald Trump met with Federal Communications Commission (FCC) officials regarding the company's spectrum licenses. Bloomberg reported that Trump met with FCC Chairman Brendan Carr to urge the agency to resolve its dispute with EchoStar's regulatory compliance. Earlier this month, The Wall Street Journal reported that the company was considering filing for bankruptcy amid the dispute.