Earnings reports:

Affirm: The stock sank on the stock market after lower than expected quarterly results.
Vale: Iron ore production are below expectations in Q4.
Volvo Car: Q4 operating profit are short of expectations.
Under Armour - The U.S. sports equipment maker warned that its margin for the current quarter could be hurt by higher freight costs.
Expedia - The online travel booking platform reported better-than-expected adjusted fourth-quarter earnings on Thursday.
In other news:

Universal Music Group buys the catalog of Sting.

Vodafone rejects Iliad and Apax's bid to buy its Italian activities. Iliad will pursue its strategy on its own.

Naturgy to split into two listed entities.

Tesla - The carmaker will open a design office in Beijing to design cars "Chinese style", shows a document published by the authorities of the Chinese capital. In addition, Tesla is being sued by a California public agency for racial discrimination in one of its factories.

Oracle - The U.S. business software giant paid about $300 million for a new five-year sponsorship partnership with Formula One team Red Bull, whose driver Max Verstappen was crowned world champion, sources close to the matter said.

Zendesk rebuffs an unsolicited takeover bid from private equity players; including Thoma Bravo.

Kohl's calls Macellum's attempt to take control of the board "unwarranted and counterproductive."

Eli Lilly will supply its Covid-19 treatment candidate to the U.S. government for $720 million.