Store closures. Target and Walmart announced on Sunday the closure of several stores across the United States due to clashes between demonstrators and police following the death of a George Floyd during his arrest by Minneapolis police.

Relocation. The semiconductor industry, via the Semiconductor Industry Association, is urging the US administration to adopt a $37bn plan to strengthen the establishment of production companies in the United States, according to the Wall Street Journal. According to a yet unpublished version of the report, the SIA advocates aid for the construction of new production units or increased support for R&D.

This time it is done. Lufthansa accepted over the weekend the new conditions set by the European Commission for its €9bn rescue package. The concessions include the release of slots at the two main German airports, equivalent to eight aircraft. Rumors suggest that European antitrust originally required the equivalent of 20 aircraft.

Big capital gain. Sanofi sold almost all but 400,000 of its Regeneron shares for gross proceeds of $11.7 billion. The shares were placed on the market or repurchased by Regeneron. The French laboratory has stated that the funds obtained will enable it to strengthen its research and development capabilities.

MAS bought out. KKR, Providence and Cinven have agreed to jointly acquire Masmovil Ibercom for some €3 billion. The bid would value the telecommunications company at €22.50, compared to a closing price of €18.72 on Friday evening. MAS is the fourth largest player in the sector.

KKR acquires Wella. Coty has signed a definitive agreement to sell its hair care business (Wella and Clairol brands) to the KKR investment fund for an enterprise value of $4.3 billion. Coty will initially retain 40% of the capital.

Thai Beverage is waiting for the right moment. The Thai brewer is expecting more favorable conditions for the IPO of its subsidiary in Singapore, it said. Thai Beverage had last week denied rumors of an IPO of its subsidiary in Vietnam.

Bombardier continues its slimming program. Bombardier completed the sale of its CRJ Series aircraft program to Mitsubishi Heavy Industries for $550 million in cash, subject to post-closing adjustments and the assumption by MHI of liabilities totaling approximately $200 million.

Zynga buys Peak. Zynga is acquiring Turkish mobile gaming specialist Peak for $1.8 billion in cash and shares. Peak is known for its Toon Blast and Toy Blast franchises.

In other news. Germany is setting up a €5 billion support plan for the automotive industry. Samsung Electronics has started the construction of a new NAND flash memory production line in South Korea. Amazon.com is taking part in a round table discussion with the British logistics start-up Beacon. Occidental Petroleum reduces its dividend by 91% to 0.01 USD. Consistent rumors suggest that Coty's president, Peter Harf, will also take on the role of CEO. Zoom Video Communications is reportedly planning to introduce a higher level of encryption for its paying customers.