Shares of IBM jumping after the company said it would spin off its IT infrastructure unit and focus on the cloud, while Morgan Stanley is upping its investment management game with the purchase of Eaton Vance. And why a merger between two of the world’s biggest oil companies could unlock real value.

We break down the impact of a House committee’s probe on big tech stocks. Plus, markets quickly reversed earlier gains after the President tweeted he’d instructed his representatives not to negotiate on coronavirus relief until after the election.