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Benzinga

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Adam Eckert

Apple Stock Is Rising Wednesday: What's Going On?

Apple White House AAPL Donald Trump United States

New,York,,Ny,,Usa,-,July,9,,2022:,Apple,Logo

Apple Inc (NASDAQ:AAPL) shares are trading higher Wednesday following reports that the company will make an investment commitment announcement at the White House.

What To Know: Bloomberg reported that President Donald Trump is set to announce a $100 billion domestic manufacturing commitment from Apple. The plans are aimed at bringing more of the iPhone maker’s supply chain to the U.S. amid tariffs from the Trump administration.

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