This is what you need to know before the opening bell.

U.S. stock futures rose and global stocks posted gains after Donald Trump promised he would soon cut taxes for businesses.

The Trump administration's travel ban will remain on hold -- for now. The Ninth Circuit U.S. Court of Appeals in San Francisco issued a ruling on Thursday refusing to reinstate the president's executive order banning travel to the U.S. from seven predominantly Muslim countries.

Reckitt Benckiser (RBGLY)  reached an agreement to buy Mead Johnson (MJN)  in a deal that values the U.S. baby formula maker at $16.6 billion.

Expedia (EXPE - Get Report)  swung to a profit in the fourth quarter, but adjusted earnings at the travel company came in below Wall Street estimates.

Oil prices were up more than 1% after the International Energy Agency reported record initial compliance by OPEC members implementing last year's deal to curb output.