Alex Ossola

stocks rose today as news of the MetaAMD chip deal took some of the sting out of a viral AI report that contributed to yesterday's sell-off.

Major U.S.

indexes were up, with the Nasdaq leading the gains, adding about 1%.

The Dow and the S&P 500 were both up about 0.8%.

In other corporate news, Novo Nordisk says it plans to slash U.S.

prices for two of its most popular drugs.

Starting next year, weight loss and diabetes drugs Wagovi and Ozempic will have list prices of up to 50 percent lower than their current prices.

The reductions escalate a price war with rival Eli Lilly, though Novo says it's making its first-ever price cuts to improve patient access and affordability.

Its stock closed down about 3 percent.

And Warner Bros.

Discovery said today that it has received a revised offer from Paramount to buy its entire company, but didn't provide details of what the offer included.

Warner said it's reviewing the bid.

If Warner accepts the Paramount offer, Netflix has the right to match it under the terms of its agreement with Warner.

Coming up, President Trump considers enlisting banks in his crackdown on illegal immigration.

That's after the break.

We're exclusively reporting that the Trump administration is considering requiring banks to collect citizenship information from customers.

People familiar with the matter said that the action could task banks with requesting a new category of documents, such as a passport, from both new and existing customers who want to maintain a bank account in the U.S.

It's a new front in the administration's crackdown on immigrants living in the U.S.

illegally, and the people said that discussions about the potential executive order have alarmed banks in recent days.

This report comes just a few hours before President Trump is expected to make his State of the Union address to a joint session of Congress.