Lumentum (LITE.O) shares rose 4% in pre-market trading.

Semafor reports President Trump is willing to give diplomacy with Iran another chance but is considering resuming military strikes shortly after the U.S. midterm elections if negotiations fail. A U.S. official said the administration is negotiating a temporary peace agreement but faces significant obstacles. Trump confirmed Vice President Pence sent a letter to Iran seeking to restart talks and downplayed the move as mainly humanitarian. The official said U.S. forces could return to military action “as long as the president gives the order.” Many inside the administration are skeptical; the official added Trump is the most open to escalation but still has reservations.

ALPHABET (GOOG.O) TOP EXECUTIVE said YouTube's subscription business is growing faster than its advertising business.