All three major US stock indexes were up during midday trading Thursday after President Donald Trump announced a formal trade agreement with the UK.

Trump announced a new trade deal with the UK on Thursday during a press conference in the Oval Office that he said "includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers." Commerce Secretary Howard Lutnick said the UK is set to announce that it will purchase $10 billion of Boeing (BA) airplanes, according to media reports. Boeing shares were up 3.7% around noon.

In company news, Warner Bros. Discovery (WBD) is moving toward a company split, and an announcement may come "in the not too distant future," CNBC's David Faber reported Thursday. Faber said the split would "most likely or almost definitely" consist of "linear cable networks" and the Warner Bros. studio "coupled with Max." Shares of the company were up 4.6%.

Match Group (MTCH) said Thursday it plans to reduce its workforce by 13% and centralize key functions to unlock scale and decrease duplication. Match shares were down 6.5%.

Toyota Motor (TM) said Thursday it tentatively expects US tariffs to negatively impact its operating income by 180.0 billion Japanese yen ($1.24 billion) in April and May. The automaker also reported fiscal 2025 earnings of 359.56 yen per share, down from 365.94 yen a year earlier. Sales revenue for the fiscal year ended March 31 was 48.037 trillion yen, up from 45.095 trillion yen a year ago and above the FactSet consensus analyst estimate of 46.357 trillion yen. For fiscal 2026, the company said it expects sales revenue of 48.500 trillion yen, up from the FactSet consensus estimate of 47.767 trillion yen. Toyota shares were up 0.9%.

Workday (WDAY) has been awarded a contract by the US Office of Personnel Management to overhaul its HR systems and support operational efficiency, a company spokesperson said Thursday in an emailed statement to MT Newswires. Workday shares were up 3.6%.

Merck (MRK) unit Merck Animal Health and Kansas Governor Laura Kelly jointly announced Thursday an $895 million expansion of the company's manufacturing facility in De Soto, Kansas. The expansion includes an $860 million investment in the site's existing manufacturing facility and an additional $35 million investment in research and development laboratories, the company said. Merck shares were down 1.7%.

Price: 8.97, Change: +0.40, Percent Change: +4.73