Adidas said Wednesday that it's donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year after it severed ties with Ye, the rapper formerly known as Kanye West.

The German sportswear brand had 1.2 billion euros ($1.3 billion) worth of popular Yeezy sneakers piled up in warehouses after it broke off its partnership with Ye in October 2022 over his antisemitic and other offensive comments on social media and in interviews.

U.S. stocks are drifting around their records Wednesday, as a lull carries through financial markets worldwide.

The S&P 500 was virtually unchanged in early trading, a day after setting an all-time high. The Dow Jones Industrial Average was up 71 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.

Three and a half years after hundreds of tons of improperly stored ammonium nitrate ignited at the Beirut port, setting off one of the world's biggest non-nuclear explosions, Lebanese and French officials put forward a plan for reconstruction and reorganization of the port Wednesday.

The Aug. 4, 2020, explosion at Beirut's port killed more than 200 people, injured and displaced thousands and devastated entire neighborhoods of the city.