• According to Reuters, Boeing is forced to reduce its production rate due to a delay in the supply of certain parts.
  • Microsoft defends Activision Blizzard buyout amid FTC opposition.
  • Amgen secures a term loan facility for Horizon Therapeutics transaction.
  • Johnson & Johnson announced it has completed the acquisition of Abiomed.
  • U.S. FTC orders Mastercard to allow use of competing payment networks.
  • Peloton is to offer refurbished bikes at low prices.
  • Nokia and Huawei extend their patent licensing agreement.
  • Tencent wants to focus more on short-form videos similar to TikTok.
  • Enel signed a €12 billion credit line with a group of several banks to fund margin calls related to derivatives operations.
  • The Spanish government is extending the deadline for the sale of its 17.3% stake in Caixabank by two years to the end of 2025.
  • Leonteq lowers earnings guidance due to reduced demand.
  • Relief Therapeutics and Acer Therapeutics receive U.S. FDA approval for treatment of urea cycle disorders.
  • Skanska wins $56 million contract to repair berths at U.S. shipyards.
  • Montana Aerospace sells its majority stake in Alpine Metal Tec.
  • Mycronic wins a $41 million order in Asia.
  • Assa Abloy buys U.S. scanner manufacturer Janam.
  • Tesla is considering a continuation in January of its program to cut production at its Shanghai, China, plant, an internal document seen by Reuters shows.
  • SouthWest Airlines is down 3 percent in premarket trading on Tuesday after the airline canceled thousands of flights on Monday due to the winter storm in the United States. Of the more than 3,800 flights canceled by U.S. airlines, 2,800 were operated by Southwest Airlines.
  • AMC Entertainment fell 9% in premarket trading after the company announced plans to raise $110 million in capital.
  • Bloomberg Group is not interested in acquiring Dow Jones, owned by News Corp, or the Washington Post, owned by Amazon founder Jeff Bezos.
  • Nio lowered its fourth-quarter vehicle delivery forecast to a range of 38,500 to 39,500 from 43,000 to 48,000 previously.

 

Major publications of the day: Sugi Holdings, J.Front Retailing Co, Cal-Maine Foods ... All the agenda here.