Amazon is setting up its environment fund. Amazon.com creates the Climate Pledge Fund, a $2 billion fund dedicated to the energy transition. The money is to be used to "invest in companies that develop products, services and technologies that help decarbonize the economy and preserve the planet". The objective is to promote the implementation of the Paris Agreement 10 years ahead of schedule, starting in 2040.

Troubled tenants. Simon Property is joining forces with Brookfield Property Partners to explore the possibility of buying out troubled tenants such as J.C. Penney.

Google in the hot seat. Prosecutors from several U.S. states are scheduled to meet on Friday to decide how to proceed with possible antitrust lawsuits against Google.

VW is interested in Europcar. Volkswagen is reportedly negotiating the purchase of Car rental company Europcar, according to good information obtained by Reuters, 14 years after having sold it to Eurazeo for $3.3 billion. Investment funds, including Apollo Global, would also be looking at the deal, which now weighs only €390 million on the stock market and is heavily indebted. Discussions with VW would only be preliminary.

The BCB blocks WhatsApp payments. The Brazilian central bank has ordered Visa and Mastercard to suspend all transactions of the new offer from Facebook subsidiary Whatsapp, which allows its users to make payments and money transfers.

Talc trial. Johnson & Johnson lost its lawsuit to overturn its conviction in the case of baby talc and its suspected carcinogenic effects, but saw the damages claimed drop to $2.12bn. Initially, the judgment had awarded $4.7 billion to 22 plaintiffs. The case still has many ramifications with 19,000 claims registered in the United States.

Focus on VMware. Dell Technologies is reportedly examining its options for monetizing its 81% stake in VMWare. At current prices, these securities are worth close to $50 billion, more than Dell's capitalization ($36 billion). An incongruity that the parent company could seek to exploit by selling shares or, on the contrary, by buying back the balance of the shares.

Braun paid up. Wirecard CEO Markus Braun has been released on bail. The German fintech stock rallied 19% yesterday after selling 86% in three sessions. The question of its survival remains after the discovery of a major accounting scandal. The Philippine central bank has opened an investigation into the non-existent amounts, supposedly deposited in two Philippine banks, which denied having any business relationship with the German institution. The Handelsblatt also reports that the company's former number 2, Jan Marsalek, will also be arrested.

Solvay takes action. Solvay is going to depreciate EUR 1.5 billion of assets as a result of Covid-19, and is continuing its efforts on costs. Sales for the months of April and May were down by about 20% compared to the same period last year.

An infrastructure giant? According to information obtained by Bloomberg, the Benetton family has been approached by funds for its stake in Cellnex, valued at $3.9 billion. But the holding company Edizione does not intend to part with it for the moment, according to the same source. It might even want to create an expanded infrastructure group with Atlantia.

In other news. Spirit Aerosystems' share price collapses on the stock market, due to its financial difficulties following the setbacks of its main client, Boeing. GNC Holdings files for bankruptcy protection in the United States. The T-Mobile US shares placed by Softbank would be sold at $103 per share, according to CNBC. Standard & Poor's downgrades Carnival's debt to speculative grade.