Federal Reserve Chairman Jerome Powell will deliver a highly anticipated speech this morning in Jackson Hole, Wyoming. Investors are closely watching what he says about potential rate cuts. Canada orders an end to a lockout of the country’s two major railroads. Skydance Media is reportedly calling for an end to Edgar Bronfman Jr.’s takeover bid for Paramount Global (PARA). Workday (WDAY) shares are rising in premarket trading after the human resources software provider reported quarterly results that beat estimates. Nestlé (NSRGY) shares are falling in Swiss trading after the chocolate maker replaced its CEO Mark Schneider due to sluggish sales. U.S. stock futures are rising ahead of Powell’s speech as indexes end the week higher despite yesterday’s decline. Here’s what investors need to know today.

1. Fed Chairman Powell delivers speech in Jackson Hole

Investors will be closely watching Federal Reserve Chairman Jerome Powell’s speech this morning at the annual Jackson Hole symposium to discern whether the Fed is on track to cut its benchmark interest rate from a 23-year high at the next policymakers meeting in September. Minutes from the Fed’s July meeting on Wednesday showed increasing support for a rate cut at the next policy committee meeting, and investors will be watching for signals from Powell about the pace and extent of cuts this year. While the Fed’s high rates have helped push inflation closer to its annual target of 2%, recent data showing the unemployment rate rising to 4.3% in July has raised concerns among policymakers about the strength of the labor market.

2. CN ends lockout, CPKC prepares restart after Canada’s intervention

One of Canada’s two largest freight rail operators has ended a lockout of its union members, while the other is preparing to resume operations after Ottawa ordered an end to work stoppages that threatened trade with the United States and the national economy. Canadian National Railway (CNI) said its employee lockout ended at 6 p.m. Eastern Time on Thursday, while Canadian Pacific Kansas City (CP) said it was preparing to “resume rail operations.” The two locked out nearly 10,000 workers shortly after midnight on Thursday after negotiations with the Canadian union Teamsters failed. The Canadian government ordered an end to the lockouts after less than a day and announced that an arbitrator would negotiate between the rail operators and the union.

3. Skydance reportedly demands that Paramount end Bronfman talks

The saga surrounding control of Paramount Global (PARA) continues: Skydance Media is reportedly demanding that the entertainment giant break off negotiations with Edgar Bronfman Jr. Skydance said in a letter from its lawyers that Paramount’s special committee violated the terms of the acquisition agreement for Shari Redstone’s media empire by extending the “go-shop” deadline to September 5. The Wall Street Journal. Paramount on Wednesday extended the deadline to evaluate competing offers from Skydance after Bronfman reportedly offered $6 billion for Redstone’s National Amusements and a minority stake in the entertainment giant. Skydance said Bronfman’s offer was no better and therefore the deadline should not have been extended, magazine reported. Paramount shares lost more than 1% in premarket trading.

4. Workday shares rise thanks to strong earnings and international growth

Workday (WDAY) shares rose more than 12% in premarket trading after the human resources and capital management software provider reported better-than-expected quarterly results and pointed to growth opportunities in international markets. The company’s stock, which has fallen about 25% since its record close through Thursday, has come under investor scrutiny this year on concerns that enterprise customers have cut spending on premium software subscription services amid macroeconomic uncertainty.

5. Nestlé shares slip after chocolate maker replaces CEO

Nestlé SA (NSRGY) shares are down 2% in Swiss trading after the chocolate maker replaced its chief executive, Mark Schneider, due to falling sales. Schneider, who is also stepping down from the board, will be replaced on September 1 by experienced executive Laurent Freixe, who will head the Latin American business. During his eight years at Nestlé, Schneider focused the Swiss company on “high-growth categories such as coffee, pet care and nutritional supplements,” the company said in a statement. But Nestlé shares have fallen 10 percent this year as sales have fallen and consumers have become increasingly frugal with their spending.