U.S. Stocks Open Higher; C3.ai Stock Jumps 11% on News of Merger with Automation Anywhere

Tiger Newspress

01/28

U.S. stocks opened higher on Wednesday ahead of the Federal Reserve's interest rate decision and earnings reports from major tech companies.

Enterprise artificial intelligence software provider C3.ai is in talks to merge with software company Automation Anywhere, The Information reported on Tuesday, citing people familiar with the discussions.

If the deal materializes, Automation Anywhere would buy C3.ai and go public as a result, the report added.

Shares of C3.ai jumped 11% on the news.

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