Qualcomm shares surged after unveiling two new AI chips for data centers. U.S. equities indexes hit record highs on hopes of a U.S.-China trade deal. Keurig Dr Pepper stock rose after beating earnings estimates. Novartis agreed to buy Avidity Biosciences in a $12 billion deal. Newmont and gold miners’ shares fell with gold prices. Huntington Bancshares dropped after acquiring Cadence Bank. American Water Works slid after buying Essential Utilities. Oil futures rose, 10-year Treasury yield was stable.

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