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Trump is considering invoking his emergency powers as president in order to carry out his plan to levy steep tariffs, CNN reported Wednesday morning.

Demands by U.S. activist investors can send a target company's stock surging, and new data from investment bank Lazard show that these corporate nudges generate considerable market index-beating gains in the days after demands are announced. But the gains are not always long-lasting, according to a report by Lazard. "Activism drives median share price outperformance of 200 basis points in the five days following campaign launches," Lazard wrote in its annual review of shareholder activism, which was released to clients on Wednesday.

Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.

The stock market had mixed results on Wednesday.

Edison International stock fell nearly 13% Wednesday after the company shut off power to tens of thousands of customers in Southern California as wildfires blazed through the region.

GE HealthCare Technologies shares gained Wednesday after Jefferies analysts called the stock a “franchise pick” and made a bullish case for the company’s diagnostic imaging business.

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