Global supply-chain constraints continue to hurt Nike Inc.'s sales. The sneaker giant reported for a second consecutive quarter that its growth was stunted by a slowdown in production and transportation of its goods around the world.

Nike posted revenue of $11.4 billion in the quarter ended Nov. 30, up 1% from the same period a year earlier. Analysts expected revenue of $11.2 billion.

China Mobile Plans to Raise $7.64 Billion Through Shanghai Listing

China Mobile Ltd. is planning to raise $7.64 billion through a listing in Shanghai, which would be one of the largest equity fundraisings so far this year.

China Mobile's stock offering comes after it and domestic rivals China Telecom Corp. and China Unicom (Hong Kong) Ltd. lost appeals against being delisted from the New York Stock Exchange.

P&G Recalls Some Pantene, Aussie, Herbal Essences Dry Shampoos

Procter & Gamble Co. issued a voluntary recall of a variety of aerosol haircare products, after benzene, a cancer-causing chemical, was detected in some.

The affected products include dry shampoos and dry conditioners from Pantene, Aussie and Herbal Essences, produced in the U.S.

Micron stock rallies as strong data-center sales drive outlook, earnings

Micron Technology Inc. shares surged in the extended session Monday after the memory-chip maker forecast an outlook and reported earnings that topped Wall Street estimates as data-center sales proved to the company's strongest growth sector.

Micron MU shares rallied 7% after hours, following a 1.2% decline in the regular session to close at $82.03.

Oracle's Larry Ellison Targets the Health Cloud With $28.3 Billion Bid for Cerner

Oracle Corp. on Monday announced its largest deal ever, a roughly $28.3 billion purchase of electronic-medical-records company Cerner Corp. that vaults the business-software giant deeper into healthcare technology.

The deal extends Oracle co-founder Larry Ellison's longstanding willingness to buy his way into new markets. Mr. Ellison built Oracle into a major power in business software in part through a long list of acquisitions over the decades. Last year Oracle and a group of other companies tried to buy the U.S. operations of video-sharing app TikTok, which would have given Oracle's cloud business a foothold in social media.

Write to sarka.halas@wsj.com

Expected Major Events for Tuesday

05:30/NED: Dec Consumer confidence survey

05:30/NED: Oct Consumer Spending

06:00/FIN: Nov Labour force survey, incl unemployment

07:00/SWI: Nov Trade Balance

07:00/DEN: Dec Consumer expectations

07:00/DEN: Nov Retail sales index

07:00/GER: Jan GfK consumer climate survey

07:00/UK: Nov Public sector finances

08:00/SWI: 3Q Balance of Payments

08:00/SPN: Oct Industrial Orders & Turnover

08:00/SWE: Dec Consumer Tendency Survey

08:00/SWE: Nov Monthly Business Tendency Survey

09:00/ITA: Oct Industrial turnover & orders

09:00/POL: Nov Retail Sales

09:00/ICE: Nov PPI

09:00/ICE: Dec CPI

10:00/MLT: Nov PPI

10:00/ITA: Nov PPI

11:00/UK: Dec CBI Distributive Trades Survey

15:00/EU: Dec FCCI Flash Consumer Confidence Indicator

15:59/GRE: Oct Balance of Payments

16:59/HUN: 3Q Balance of Payments

16:59/LUX: 3Q Balance of Payments

23:00/NED: Nov House Price Index

All times in GMT. Powered by Kantar Media and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

12-21-21 0032ET