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shares popped 5% Wednesday, ahead of an Oval Office event touting an update to the company’s stated plans to spend and invest in the U.S.
CEO Tim Cook will join President Donald Trump for the announcement set for 4:30 p.m. ET.
Apple will up its previous commitment, made in February, from $500 billion to $600 billion over the next four years, a White House official told CNBC.
It will also announce a new manufacturing program called the American Manufacturing Program, the official said.
