Hi, I'm CNBC's Mike Santoli, and this is Five Things to Know before the opening bell.

SoftBank is buying the robotics division of Swiss engineering firm, ABB, for $5.4 billion.

ABB had been looking to spin off that division.

SoftBank founder Masayoshi San said the company's next frontier is physical AI. New Federal Reserve

Governor Stephen Myron says his desire to lower interest rates is supported by the relative

common treasuries. At an event in New York, Myron said bond market behavior, which has been fairly

muted since the Fed eased by 25 basis points last month, argues in favor of his case for a faster pace of cuts.

Intel reportedly planning to reveal technical details tomorrow of its upcoming high-end PC chip

known as Panther Lake. Roider says Intel is hoping to reassure investors about its first chip

made using a next generation manufacturing process. The Trump administration is considering canceling another $12 billion in funding for clean energy projects like carbon removal and clean hydrogen efforts.

That's according to semaphore.

And Amazon is launching pharmacy kiosks at doctors offices owned by one medical in the greater Los Angeles area.

It plans to expand to the company's other offices as well as other locations soon after.

Be sure to check out an all-new episode of Squawk Pod later today,

our daily podcast featuring the best of Squabbox.

Check it out wherever you get your podcast.