All three major US stock indexes were up in late-morning trading Wednesday after President Donald Trump told an audience at the World Economic Forum in Davos Switzerland that he would not use force to acquire Greenland.

The European Parliament said Wednesday it has suspended a vote to ratify a trade deal between the EU and the US over Trump's attempt to acquire Greenland from Denmark, including by threatening to impose tariffs against nations that object to the plan.

In company news, Netflix (NFLX) reported fiscal Q4 earnings late Tuesday of $0.56 per diluted share, up from $0.43 a year earlier and above the FactSet consensus analyst estimate of $0.55. Fiscal Q4 revenue was $12.05 billion, up from $10.25 billion a year ago and above the FactSet consensus of $11.97 billion. For fiscal Q1, Netflix said it expects EPS of $0.76 on revenue of $12.16 billion. Analysts polled by FactSet expect $0.81 and $12.19 billion, respectively. Netflix shares were down 4.6% around midday.

Johnson & Johnson (JNJ) reported fiscal Q4 adjusted earnings Wednesday of $2.46 per diluted share, up from $2.04 a year earlier and on par with the FactSet consensus estimate. Fiscal Q4 sales were $24.56 billion, up from $22.52 billion a year ago and above the FactSet consensus of $24.15 billion. For fiscal 2026, Johnson & Johnson said it expects adjusted diluted EPS of $11.43 to $11.63. Three analysts polled by FactSet expect $11.48. Reported sales for the current fiscal year are projected to be in the range of $100 billion to $101 billion, the company said. Analysts polled by FactSet expect $98.94 billion. Johnson & Johnson shares were down 1.5%.

Kraft Heinz (KHC) filed a prospectus supplement to register the resale of up to 325.4 million of its shares held by Berkshire Hathaway (BRK.A) under an agreement dating back to 2015. Kraft Heinz shares were down 5.2%, while Berkshire's Class A and Class B shares were both down 0.5%.

Outage reports by users of Apollo Global Management's (APO) Yahoo have spiked in the last 24 hours, according to data by Downdetector. Apollo shares were up 1.2%.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Wednesday in Davos that the 10% cap on credit card interest rates proposed by President Donald Trump would be an "economic disaster," according to media reports. JPMorgan shares were up 0.2%.

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