SQUAWK BOX, WEDNESDAY 11TH AUGUST, 2021

The U.S. Senate passes a $1tn infrastructure bill with Democrats now focusing on a $3.5tn stimulus package. The Dow and the S&P 500 hit new record highs on the news, but the Nasdaq dips as treasury yields weigh on tech stocks ahead of key inflation data. In corporate earnings, Q1 profit at Lenovo more than doubles. The Hong Kong-incorporated laptop giant says net income margins will widen. Also in tech news, U.S. cyber security firm NortonLifeLock is set to take over Czech rival Avast in a $8.6bn cash and stock deal. Hackers hit blockchain provider Poly Networks with a $500m heist, impacting tens of thousands of accounts.