• New car registrations in Europe rose by 6.7% in November, announces ACEA.
  • Fedex shares plunged after weak results and downgraded forecasts.
  • Volkswagen and union representatives agreed on cost-cutting measures that should yield €10 bn by 2026, including €4 bn next year.
  • The Spanish government will acquire up to 10% of Telefonica's capital.
  • ArgenX fails to meet primary endpoint in Address study with Efgartigimod in Pemphigus.
  • Neste Oyj to invest 2.5 billion euros to convert Porvoo refinery into biofuel plant.
  • Südzucker wants to take over its ailing subsidiary Cropenergies and then delist it from the stock exchange at EUR 11.50 per share.
  • Anheuser-Busch Inbev sells its stake in a Russian brewing joint venture to its Turkish partner Anadolu Efes.
  • Petrofac forecasts an increase in debt, due to delays in certain payments.
  • CureVac patent invalidated by German court following BioNTech's nullity action.
  • Basilea Pharmaceutica plans early repayment of Athyrium Capital loan.
  • Shell gives green light to fifteenth oil platform in the Gulf of Mexico.
  • Medtronic recalls patient monitoring device due to software problem.
  • Aon said Wednesday it would buy NFP, a property and casualty insurance broker, in a $13.4 billion deal.
  • Alphabet - Google plans to reorganize a large part of its 30,000-strong advertising division, The Information reported on Tuesday.
  • US carmakers voiced their opposition on Tuesday to a request by the US Federal Highway Safety Administration to recall 52 million airbag systems.
  • General Mills lowered its annual sales forecast on Wednesday, penalized by slowing demand for its higher-priced cereals, snacks and pet food products. The stock lost 1.6% before the opening.
  • Paypal has undertaken to amend its terms and conditions to comply fully with EU consumer protection rules, the EU said in a statement on Wednesday.
  • Boeing - The Federal Aviation Administration has no "specific timetable" for certifying the Boeing 737 MAX 7, the agency's top official told Reuters on Tuesday, although the aircraft manufacturer expected this to happen by the end of the year.
  • Tesla will not offer merit bonuses to its employees this year, Bloomberg News reported on Tuesday.
  • SouthWest Airlines - The pilots' union has reached an agreement in principle with the company for new wage conditions, the union announced on Tuesday.