Lizzie Burden and Caroline Hepker

It'll be the first visit of its kind in nearly a decade, despite ongoing tensions over the Middle East.

Turning back to the geopolitics, Bloomberg has learned that NATO countries are bracing for the United States to withdraw more forces from Europe.

That's after President Trump announced he'd pull 5,000 troops out of Germany.

The Financial Times reports that Berlin is now reviving efforts to buy American Tomahawk cruise missiles after the Pentagon dropped plans to deploy a battalion equipped with the weapons in Germany.

Here's what U.S.

Secretary of State Marco Rubio said during a visit to Rome on Friday.

US Secretary of State Marco Rubio there.

In a phone call with Italian newspaper Corriere della Sera on Saturday, President Trump said that the US is still considering whether to withdraw troops from Italy.

That's news when you want it with Bloomberg News Now.

I'm Lizzie Burden.

I'm Caroline Hepka and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

And I'm Caroline Hepker.

ASML has reported fourth quarter orders for its chip making machines as the rapid development of artificial intelligence infrastructure boosts demand.

The Dutch chip equipment maker announced bookings of almost 13.2 billion euros versus estimates of just under 6.9 billion euros.

Speaking to Bloomberg, the firm's CEO Christophe Fouquet said the performance bodes well for the rest of the year.

ASML CEO Christophe Fouquet speaking there as the company also announced a new share buyback programme of up to €12 billion by the end of 2028.

Despite the strong results, the company also says it may cut back about 1,700 jobs in the Netherlands and in the United States.

The shares are up 4.7% now.