11:50 AM EDT, 03/19/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading as investors await the Federal Reserve's decision on interest rates following the conclusion of the Federal Open Market Committee's two-day meeting this afternoon.

In company news, the European Commission said Tuesday it has notified Alphabet (GOOG) that its preliminary findings show two of the tech giant's services fail to comply with the Digital Markets Act. Separately, the EC said it has adopted two decisions under the DMA specifying requirements Apple ( AAPL ) must meet in order to comply with its interoperability obligations. Alphabet shares were up 1.2% around midday, while those of Apple ( AAPL ) were up 1.5%.

Boeing's ( BA ) Q1 cash outflow is expected to be smaller than previously projected thanks to ongoing stabilization of factory operations and a clearing out of its inventory, Chief Financial Officer Brian West said Wednesday at a conference, according to a transcript. Boeing ( BA ) shares were up 6%.

A consortium consisting of BlackRock ( BLK ) , Allianz, and T&D Holdings will acquire Viridium Group from Cinven for 3.5 billion euros ($3.82 billion), Allianz said Wednesday in a news release. After the deal is closed, which is expected to occur in the second half of the year, Viridium will continue to operate as an independent, standalone platform, managing closed life insurance portfolios, Allianz said. BlackRock ( BLK ) shares were up 0.6%.

General Mills ( GIS ) reported fiscal Q3 adjusted earnings Wednesday of $1 per diluted share, down from $1.17 a year earlier but above the consensus estimate of analysts polled by FactSet calling for $0.96. Fiscal Q3 net sales were $4.84 billion, down from $5.10 billion in the year-ago period and below the FactSet consensus estimate of $4.96 billion. The company said it now expects fiscal 2025 adjusted diluted earnings to be down 7% to 8%, compared to its prior forecast of down 2% to 4%. General Mills ( GIS ) shares were down 2.1%.

Haleon ( HLN ) said Wednesday it has agreed to make an off-market purchase of about 44.2 million of its ordinary shares from Pfizer ( PFE ) at 3.85 British pounds ($4.99) per share for a total of about 170 million pounds. The off-market purchase is in conjunction with and subject to the completion of an offering by Pfizer ( PFE ) to institutional investors, Haleon ( HLN ) said. Pfizer's ( PFE ) stake in Haleon ( HLN ) is expected to fall to zero from about 7.3% once the off-market purchase and Pfizer's ( PFE ) offering are complete, the company said. Pfizer ( PFE ) shares were up 0.2%, while Haleon ( HLN ) was up about 1%.

Apollo Global Management ( APO ) said Wednesday that funds managed by its affiliates have agreed to acquire a majority stake in OEG Energy Group in a deal with an implied headline valuation of more than $1 billion. Apollo shares were up 3.3%.

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