- Microsoft advanced 2.5% in pre-market trading after announcing the arrival of former OpenAI director Sam Altman and company co-founder Greg Brockman to head a new artificial intelligence (AI) research team.
- Meta Platforms has split its Responsible AI team, which worked on understanding and preventing harm associated with the artificial intelligence technology it develops, The Information reported on Saturday.
- Blackstone is the favorite to win the $17 billion portfolio of commercial real estate loans resulting from the sale of Signature Bank debt by the Federal Deposit Insurance Corp, Bloomberg reported on Sunday.
- Bayer is to appeal a heavy US jury verdict to pay more than $1.5 billion to three plaintiffs who claim their cancer is linked to the glyphosate-based weedkiller Roundup. The Group also halts the trial of an anticoagulant drug due to its ineffectiveness.
- Bristol-Myers Squibb lost 4% in pre-market trading in the wake of Bayer's collapse on Sunday, when it announced the abandonment of a major clinical trial on a new anticoagulant treatment, asundexian, due to lack of efficacy.
- Citigroup is cutting over 300 senior manager roles to align with a new, simplified operating model.
- Nvidia announced that Dell, Hewlett Packard Enterprise, and Lenovo servers will integrate its Spectrum-X Ethernet networking technologies for artificial intelligence, which can deliver 1.6 times higher networking performance for AI communication compared to traditional ethernet service.
- U.S. Transportation Secretary Pete Buttigieg stated the federal government will use regulatory powers to ensure the safe deployment of autonomous vehicles like General Motors' robotaxi unit Cruise.
- The UK's antitrust regulator, the Competition and Markets Authority, plans to tweak its merger assessment regime for better interaction with parties and earlier pitching of remedies, following criticism over the Microsoft- Activision Blizzard deal.
- Workers at MGM Resorts International's Detroit casino rejected a tentative five-year labor contract, continuing their month-long strike.
- Mastercard's joint venture with NetsUnion Clearing in China received a bank card clearing license from the People's Bank of China, allowing member institutions to issue and accept Mastercard renminbi bank cards in the country.
- The United Auto Workers union said 64% of workers at the Detroit Three automakers voted to ratify new contracts, locking in agreements through April 2028 that include a 25% increase in base wages.
- Morgan Stanley named Jed Finn as the head of its wealth management unit, effective Jan. 1, following a series of leadership roles within the division.
- OpenAI staff have threatened to quit unless the board resigns, according to a Wired report.
- McDonald's will acquire Carlyle Group's minority ownership stake in the strategic partnership that operates McDonald's business in mainland China, Hong Kong, and Macau, increasing its stake to 48% from 20%.
- General Motors - Kyle Vogt, general manager of GM's Cruise autonomous car division, has resigned from the company, according to an e-mail sent to employees and accessed by Reuters on Sunday. A spokesman confirmed the resignation.
- Nvidia is working with L&T Technology Services to develop a software-defined architecture for endoscopy-related medical devices, featuring AI and machine learning for polyp detection.
- Amazon.com launched a free AI training initiative to train 2 million people by 2025, including courses, scholarships, and a partnership with Code.org.
- Medtronic's Symplicity Spyral renal denervation system received FDA approval as a treatment option for hypertension, with immediate commercialization plans.
- Uber Technologies plans to offer $1.2 billion worth of convertible senior notes due 2028, with an option for initial purchasers to buy an additional $180 million worth of notes.
Global markets live: Microsoft, Meta Platforms, Blackstone, Citigroup, Nvidia...
Every day, the MarketScreener team selects the most important news about listed companies around the world. here's a short recap for your convenience: