Elliott, Southwest in early settlement talks for significant board representation, sources say

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

The company also boosted its share buyback plan by $800 million to $1 billion.

The motion will be debated at 4 p.m. on Wednesday, expected to be followed by a vote later in the evening.