DailyEdge

President Trump and chipmaker GlobalFoundries (GFS) announced a multifaceted series of deals Wednesday, including a doubling of the already sizable U.S. government stake in the company, as well as plans for two new semiconductor fabrication plants to be operated by the company and the U.S. and Japanese governments.

US stock futures drifted higher in premarket trading on Wednesday as the third-quarter earnings season got underway and investors awaited fresh inflation data.

US stock futures were muted on Tuesday as crosscurrents from bank earnings, a chip sell-off, and volatile oil prices clouded the market outlook.

Buckle your seatbelts and keep all hands and feet inside the vehicle, because earnings season is back.

Humana Inc. (NYSE: HUM), a leading consumer healthcare company focused on helping people achieve their best health, announced improved Star Ratings for 2027, with 95% of its Medicare Advantage members enrolled in plans rated 4 stars or higher by the Centers for Medicare & Medicaid Services (CMS). Additionally, 42% of Humana's Medicare Advantage members are enrolled in 4.5-star plans for 2027.

Chipmaker Wolfspeed (WOLF) said on Wednesday that it received a conditional loan commitment of up to $1.5 billion from the US Department of Defense to expand domestic production of silicon carbide materials and power devices, sending its shares up 27% in extended trading.