Getty Images officially called off its merger with Shutterstock, about a week after the deal was dealt a blow by a U.K. regulator.

Getty Images and Shutterstock are calling off their $3.7 billion merger after hitting regulatory roadblocks. Investors aren't cheering the news.

Getty Images and Shutterstock are calling off their $3.7 billion merger after hitting regulatory roadblocks. Investors aren't cheering the news.

Shutterstock stock plunged 29% after Getty Images canceled their planned merger. UK regulators demanded that Shutterstock spin off its editorial business, which proved to be a deal-breaker for Getty's board.

Getty Images and Shutterstock are calling off their $3.7 billion merger after hitting regulatory roadblocks. Investors aren't cheering the news.

Stock futures are slightly lower this morning after closing out a strong second quarter with another day of solid gains; new Fed chair Kevin Warsh is scheduled to speak at a banking policy conference in Portugal; Anthropic said it has reached an agreement with the Trump administration to relaunch access to its Fable 5 and Mythos 5 models after shutting them down last month; Nike shares are falling to a new 12-year low after warning that sales are still struggling; and shares of Shutterstock are plunging after a planned merger with Getty was called off. Here's what you need to know today.

U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Wednesday.

Shutterstock (SSTK) shares plunged more than 30% in premarket trading on Wednesday after Getty Images abandoned its planned $3.7 billion merger with the company, ending a deal that was expected to create one of the world's largest licensed visual content providers. Getty Images shares were also lower, falling more than 5% in premarket trading following the announcement.

Getty Images plans to terminate its merger agreement with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved.

As of mid June, the Russell 2000 is running laps around all of the other major U.S.