Hi, I'm Andrew Ross Sorkin, co-host of Squawk Box, and this is five things to know before today's opening bell.

Shares of HP, they are lower following quarterly results.

HP giving lower than expected earnings projections for its first quarter in all of 2026.

It also said it's going to cut 4,000 to 6,000 jobs or up to 10% of its workforce.

Meantime, take a look at shares of Urban Outfitters as well.

Soaring right now.

Earnings and revenue beating estimates, comp sales were up a stronger than expected 8%.

And we got Deere just out with its fourth quarter results, earnings, and revenue topping analyst estimates,

but its outlook for 2026 is largely below expectations, and that stock off about 5%.

Medicare, saying that newly negotiated prices on more than a dozen prescription drugs,

including Novo Norddisk, OZempe, will save between 35 and 85% of costs amounting of billions of dollars.

Now, the annual negotiations were established under former President Biden's Inflation Reduction Act.

Shares of HR software maker Workday, they're lower after the company gave quarterly margin

guidance that was below Wall Street estimates.

Workday did beat third quarter revenue and profit estimates, but that stock off about 6% right now.

We're going to be back later today with an all-new SquawkPod, our daily podcast, featuring the best of Squackbox.

Check it out wherever you get your podcast and listen anytime.