11:37 AM EDT, 03/16/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Monday, as oil prices fell, though Brent crude futures still hovered above $100 per barrel.

The chief executives of Exxon Mobil ( XOM ) , Chevron ( CVX ) and ConocoPhillips ( COP ) cautioned the Trump administration that the disruption to energy flows caused by the closure of the Strait of Hormuz would continue to result in higher volatility in international markets, The Wall Street Journal reported over the weekend, citing unnamed sources with knowledge of discussions between the companies and the White House. Shares of Exxon, Chevron ( CVX ) and ConocoPhillips ( COP ) were up 1.0%, 0.4% and 0.3%, respectively, around midday.

Nebius Group ( NBIS ) said Monday it signed a five-year artificial intelligence infrastructure supply agreement with Meta Platforms ( META ) with a total contract value of up to about $27 billion. Under the agreement, Nebius ( NBIS ) will supply $12 billion in dedicated capacity utilizing the Nvidia (NVDA) Vera Rubin platform in multiple locations starting in early 2027, the company said. Nebius ( NBIS ) shares were up 11.5%, while Meta shares were up 2.5%.

Public Storage ( PSA ) will acquire National Storage Affiliates Trust ( NSA ) in an all-stock deal with an enterprise value of about $10.5 billion, the companies said Monday. Under the terms of the deal, National Storage common shareholders and operating partnership units will receive 0.14 of a Public Storage ( PSA ) common share for each share or unit held. The deal is expected to close in Q3, the companies said. Public Storage ( PSA ) shares were down 1.8%, while National Storage shares were up 30.2%.

Microsoft ( MSFT )-backed (MSFT) OpenAI is in advanced talks with TPG (TPG), Brookfield Asset Management ( BAM ) , Advent International, and Bain Capital on forming a joint venture that would distribute the AI giant's products across the private-equity firms' portfolios of companies, Reuters reported Monday, citing four people familiar with the matter. The proposed deal has a pre-money value of about $10 billion, two of the people reportedly told Reuters. Microsoft ( MSFT ) shares were up 0.4%, while TPG and Brookfield shares were down 0.3% and up 2.0%, respectively.

Micron Technology ( MU ) said Sunday it has completed its acquisition of Powerchip Semiconductor Manufacturing's P5 semiconductor site in Miaoli County, Taiwan. The facility will operate as an extension of its campus in Taichung, the company said. Micron shares were up 5.0%.

Apollo Global Management ( APO ) is in talks to purchase a significant minority stake in Syntegon in a deal valuing the German packaging machine maker at up to 4 billion euros ($4.6 billion), Bloomberg reported Monday, citing people familiar with the matter. Apollo shares were down 1.3%.

A JPMorgan Chase ( JPM )-led (JPM) group of Wall Street banks commenced a $5.75 billion cross-border leveraged loan sale to help finance Electronic Arts' ( EA ) buyout, Bloomberg reported Monday, citing a person familiar with the matter. JPMorgan ( JPM ) shares were up 1.0%, while EA shares were up 0.3%.

Alibaba Group ( BABA ) is creating a new division to house its AI services and development efforts in an attempt to make AI more profitable, Bloomberg reported Monday, citing a company memo it viewed. The new division, which will be called Alibaba Token Hub, will be headed by Chief Executive Eddie Wu, the report said. Alibaba ( BABA ) shares were up 2.2%.

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