12:01 PM EDT, 10/27/2025 (MT Newswires) -- All three major US stock indexes were up in midday trading Monday, as investors were buoyed by hopes that President Donald Trump and China President Xi Jinping could reach a trade deal when they speak on Thursday.

In company news, Qualcomm ( QCOM ) said Monday it launched its AI200 and AI250 chip-based accelerator cards and racks that will offer "next-generation AI inference-optimized solutions for data centers." The announcement marks a shift by the company toward data centers and puts it in direct competition with Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) , according to media reports. Qualcomm ( QCOM ) shares were up nearly 13% around noon, while those of Nvidia ( NVDA ) and AMD were up 2.6% and 0.4%, respectively.

Huntington Bancshares ( HBAN ) said Monday it has agreed to acquire Cadence Bank ( CADE ) in an all-stock transaction that values the company at $7.4 billion. The deal is expected to close in Q1 2026, Huntington said. Shares of Huntington were down 3.6%, while those of Cadence were up 3.6%.

Keurig Dr Pepper ( KDP ) said Monday it entered into two investment agreements totaling $7 billion, co-led by funds managed by Apollo Global Management ( APO ) and KKR (KKR), in connection with its JDE Peet's acquisition and subsequent separation into two independent companies. Keurig Dr Pepper ( KDP ) shares were up 6.9%, while those of Apollo and KKR were up 1.3% and 1.2%, respectively.

Trian Fund Management is working with General Catalyst to buy the remainder of Janus Henderson Group ( JHG ) it doesn't already own, Bloomberg reported Monday, citing people familiar with the matter. Trian and General Catalyst could publicize on Monday an offer valuing Janus Henderson ( JHG ) at about $7 billion, the people reportedly told Bloomberg. Janus shares were up more than 13%.

Shares of US-listed companies that mine rare earth minerals are down in late-morning trading Monday after the US and China reached a trade deal framework that could pause Chinese export controls on the critical minerals and US tariffs. Shares of MP Materials ( MP ) , Critical Metals (CRML), Ramaco Resources ( METCB ) and NioCorp Developments ( NB ) were down past 11%, nearly 21%, 8.1% and roughly 15%, respectively.

Price: 190.22, Change: +21.28, Percent Change: +12.60