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Wedbush’s Daniel Ives said some outline of a deal will likely be announced by the White House before Friday night.

The report said that Visa, Amex, and Mastercard are all in the mix for the lucrative credit card partnership.

Morgan Stanley upped its rating to 'Overweight' from 'Equal Weight' and its price target by $2 to $40.

This comes at a time when the Commerce Secretary Howard Lutnick hinted at the possibility of withholding CHIPS Act funding.

Interestingly, Intel is on track to achieving former CEO Pat Gelsinger’s target of reaching the “five nodes in four years” plan as the veteran sought to bring the company back on track.

The battery solutions firm reported an adjusted income of $0.01 per share, while analysts expected $0.15 in earnings.

Morgan Stanley analysts said channel checks showed the first-quarter performance was largely in line with expectations but a pushout of deals will likely impact second-quarter performance.

Ahead of the markets opening on Wednesday, Nokia also announced it struck a deal with India’s second largest telecom company, Bharti Airtel, to expand core network collaboration to speed up the launch of new 5G services.

Adjusted earnings came in at $0.04 per share against the expectation of a $0.06 per share loss. The company had an adjusted loss of $0.20 per share in the year-ago quarter.

The sector's recent slide follows Peter Marks' resignation last week as the Food and Drug Administration's top vaccine regulator following a clash with Kennedy.