# All three major US stock indexes recovered from steep losses earlier in the session.

*business · news · 2026-04-07 · The Straits Times*

## Key points

- Pakistan's Prime Minister urged Trump to extend the Iran Strait of Hormuz deadline by two weeks.
- Iran has not reopened the Strait of Hormuz despite intensified attacks and Trump's threats.
- UnitedHealth, Humana, and CVS Health surged after the US raised Medicare Advantage payments above prior proposals.
- Broadcom signed a long-term deal with Alphabet to develop AI chips and components.
- Intel will join Elon Musk’s Terafab AI chip complex project alongside SpaceX, Tesla, and xAI.

**Companies:** Apple, UnitedHealth, Broadcom, Alphabet, Intel, SpaceX, Tesla
**Countries:** United States, Iran, Pakistan

[Read the full story on The Straits Times](https://www.straitstimes.com/business/companies-markets/us-stocks-close-mixed-with-signs-of-progress-as-trumps-iran-deadline-draws-near)

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