Chipmaker Broadcom is in talks to acquire cloud service provider VMware in what could be one of the biggest deals of 2022. It would see the deal-hungry semiconductor group diversify into the enterprise software business as sentiment in the market sends stock prices lower. Demand for cloud computing services and data centers has surged in recent years and VMware has long been considered one of the industry's most important companies.

A day doesn't go by without Elon Musk making headlines, especially in recent weeks. His space venture called SpaceX is looking to bring in up to $1.7B in new capital, at a price of $70 per share, according to a company-wide email obtained by CNBC. That would boost its valuation to $127B, making it the second largest startup in the world behind China's ByteDance, which owns popular video-sharing app TikTok.

This morning, President Biden, on his first trip to Asia since taking office, has announced an agreement that he hopes represents the future of trade policy. It’s known as the Indo-Pacific Economic Framework and includes India, Japan, Indonesia, South Korea, Australia, Vietnam, the Philippines, Thailand and a handful of other countries.