The Dow Jones Industrial Average and S&P 500 Index were relatively flat in late-morning trading, while the Nasdaq Composite was slightly higher as President Donald Trump continues his tour of the Middle East, announcing deals for US companies in the process.

In company news, Qatar has agreed to buy 160 Boeing (BA) jets for more than $200 billion, the largest order in the company's history, Trump said Wednesday during a signing ceremony in Doha. Shares of Boeing were up 1.4% around midday.

Super Micro Computer (SMCI) and DataVolt, a Saudi Arabian data center company, have signed a multi-year partnership agreement valued at $20 billion, the companies said Wednesday. The deal seeks to "fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt's hyperscale AI campuses in the Kingdom of Saudi Arabia and the US," DataVolt said. Super Micro shares were up 17%.

AMD (AMD) said Wednesday it has launched a $6 billion share repurchase program. The semiconductor company said the new program adds to the $4 billion balance remaining from its existing buyback program as of March 29, bringing the total current repurchase authority to $10 billion. AMD shares were up 4.8%.

Novo Nordisk (NVO) and Septerna (SEPN) said Wednesday they will collaborate on a project to develop and commercialize oral small molecule medicines for obesity, type 2 diabetes and other cardiometabolic diseases. Under the deal terms, Septerna is eligible to receive about $2.2 billion from Novo Nordisk for upfront payments, research, development and commercial milestone payments, the companies said. Novo Nordisk shares were down 1.1%, while those of Septerna were up 54.5%.

Tesla's (TSLA) board has formed a special committee to review Elon Musk's compensation and explore alternative ways to reward him for past performance if his contested $56 billion pay deal is not reinstated, the Financial Times reported Wednesday. Separately, Tesla intends to begin shipping components to the US from China for the production of Cybercab and Semi trucks by the end of May, Reuters reported Wednesday, citing a person with direct knowledge of the matter. Tesla shares were up 2.7%.

GSK (GSK) on Wednesday agreed to acquire Boston Pharmaceuticals' liver disease therapeutic candidate in a deal worth up to $2 billion in cash. Under the terms of the deal, GSK will buy Boston Pharma's subsidiary, BP Asset IX, for an upfront payment of $1.2 billion and up to $800 million in milestone payments. GSK shares were up 0.1%.

Kraft Heinz (KHC) will invest $3 billion to upgrade its US factories, Reuters reported Wednesday, citing an interview with Pedro Navio, the company's president of North America. Kraft Heinz shares were down 1.4%.

Sony (SONY) reported fiscal Q4 net income Wednesday of 32.63 Japanese yen ($0.22) per diluted share, up from 30.72 yen a year earlier and above the FactSet consensus analyst estimate of 25.40 yen. Fiscal Q4 sales were 2.63 trillion yen, down from 3.481 trillion yen a year ago and below the FactSet consensus of 3.031 trillion yen. For fiscal 2025, the company expects sales of 11.7 trillion yen, below the FactSet consensus of 13.349 trillion yen. Sony said it expects tariffs to reduce fiscal 2025 operating income by 100 billion, and it announced a new 50 billion yen share repurchase program. Sony shares were up 1.7%.

Woodside Energy Group (WDS) said late Tuesday it signed a nonbinding collaboration deal with Saudi Aramco to explore global opportunities, including Aramco potentially acquiring a stake in a liquified natural gas offtake from Woodside's Louisiana LNG project. Woodside shares were up 0.9%.

Price: 205.72, Change: +2.30, Percent Change: +1.13