Shares of Apple (NASDAQ:AAPL) rose nearly 2% during pre-market trading on Wednesday as the White House said the tech giant will announce a new $100 billion investment commitment.
White House officials said President Donald Trump will make an announcement later today, according to a Bloomberg report.
Earlier in May, President Trump threatened Apple (NASDAQ:AAPL), saying that the company will have to pay a 25% tariff on iPhones not made in the U.S.