All three major US stock indexes were down past 2.5% in late-morning trading Monday after President Trump increased his attack on Federal Reserve Chair Jerome Powell and investors saw little progress on global trade negotiations.

Capital One Financial (COF) and Discover Financial Services (DFS) said Friday that the Fed's Board of Governors and the Office of the Comptroller of the Currency approved Capital One's planned acquisition of Discover. As a result, all regulatory approvals have been received and the transaction is expected to close May 18, the companies said. Capital One shares were down 0.4% around noon, while those of Discover were up 1.6%.

Boeing (BA) has obtained new supplies of specialized nuts and bolts for its 737 Max jets, averting a production slowdown, Reuters reported Monday, citing two industry sources. Separately, Air India plans to reach out to Boeing about acquiring a number of planes that were rejected by Chinese carriers due to the ongoing trade war between Washington and Beijing, Bloomberg reported Monday, citing people familiar with the matter. Boeing shares were down 3.2%.

Affiliated Managers Group (AMG) said Monday it has agreed to acquire a minority equity interest in Verition Fund Management. The terms of the deal, which is expected to close in Q2, were not disclosed. AMG shares were down 2.6%.

Alphabet's (GOOG) Google said Sunday in a blog post the US Department of Justice's proposed remedies in an antitrust case it lost "go miles beyond the court's decision, and would hurt America's consumers, economy and technological leadership." Alphabet shares were down 3%.

Tesla (TSLA) has delayed the rollout of a lower-cost version of its Model Y electric SUV in the US, Reuters reported Friday, citing people familiar with the matter. The more affordable model was originally planned to enter production early this year but is now expected to start possibly in Q3 or early 2026, Reuters said. Tesla shares were down 7.2%.

Toyota (TM) is considering producing the next-generation RAV4 in the US, Reuters reported Friday, citing unnamed sources. The current version of the SUV is made in Kentucky, Canada and Japan. While Toyota initially planned to export the 2026 model from Canada and Japan to the US, it is now considering expanded US production, possibly at its Kentucky plant, the sources told Reuters. Toyota shares were down 1.8%.

Phillips 66 (PSX) on Monday asked shareholders to support its board nominees over those nominated by activist investor Elliott. In a letter, the board warned of alleged ties between some of Elliott's nominees and Amber Energy, an Elliott affiliate reportedly bidding for Citgo Petroleum, a direct Phillips 66 competitor. Phillips 66 shares were down 3.3%.

Chipotle Mexican Grill (CMG) said Monday it has signed a development deal with restaurant operator Alsea to open its first Mexican location by the beginning of 2026. Chipotle shares were down 5.9%.

Nvidia (NVDA) Chief Executive Jensen Huang met with Japanese Prime Minister Shigeru Ishiba to lobby for more electrical power for artificial intelligence applications, Bloomberg reported Monday. Nvidia shares were down 5.5%.

The US Supreme Court on Monday declined to hear CSX's (CSX) bid to revive its antitrust lawsuit accusing Norfolk Southern (NSC) and Portsmouth Belt Line Railroad of excluding it from competing at Norfolk International Terminal. CSX shares were down 2.3%, while those of Norfolk Southern were down 2.2%.

Price: 152.06, Change: -4.04, Percent Change: -2.59