Even more oil... Saudi Aramco, the world's leading oil company in terms of production, has discovered two oil and gas fields in northern Saudi Arabia. Production from the first field is estimated at more than 3,000 barrels of crude oil/day and 3.5 million cubic feet of natural gas. The production rate in the second field is 1944 barrels of oil/day and 16 million cubic feet of natural gas. Saudi Aramco said it will drill more wells to assess the amount of energy the fields contain.

Big money. Neymar and Nike end 15 years of trade agreements. Puma was ambushed but did not want to say anything at this stage. The Brazilian press estimates that the last contract signed by the soccer player with Nike for a period of 11 years is due to expire in 2022 and represented an envelope of $105 million.

Big change coming in France’s energy sector. Veolia has offered to buy Engie's 29.9% stake in Suez, before launching a EUR 15.50 takeover bid for its rival, in a consolidation unprecedented in the country. Suez's water assets in France would be sold to Meridiam under the plan proposed by the buyer. Suez's board of directors is expected to vote on the project. The two groups have been circling each other for years.

Doubts about US orders. Philips reduced its 2020 forecast after the US authorities decided to take delivery of only 12,300 of the 43,000 ventilators ordered at the height of the coronavirus crisis. This decision was a source of some misunderstanding for Philips, which had recruited and invested heavily in its North American infrastructures. For fiscal year 2020, the Dutch company now expects slight organic growth in sales and an EBITA margin close to that of the previous year.

Big in Japan. Berkshire Hathaway has a position of just over 5% in five Japanese brokers (Itochu, Marubeni, Mitsubishi Corp, Mitsui and Sumitomo). Warren Buffett's holding company has been investing for several months. Bloomberg estimates that the operations required approximately $6 billion. This announcement boosted the prices in Tokyo this morning.

A suitor for Aryzta? The Elliott fund is considering the acquisition of the Swiss industrial bakery group Aryzta, which is in difficulties, Bloomberg learned. Discussions would be at a preliminary stage. Aryzta weighs CHF 543 M on the stock exchange, but its enterprise value reaches CHF 1.55 M including debt.

Diversification in allergies. Nestlé will buy DBV Technologies' food allergy treatment specialist Aimmune Therapeutics, a competitor of DBV Technologies, in which it already holds a 25.6% stake, at USD 34.50 per share. The offer values the company at $2.6 billion, including the shares already held by the Vevey Group. Nestlé believes that the laboratory will contribute to its organic growth in 2021 and to its profits in 2022 or 2023.

In other news. Mercedes-Benz Vans (Daimler) joins the Climate Commitment and will deliver more than 1,800 electric vehicles to Amazon.com's delivery fleet in Europe. Herbalife Nutrition will pay this more than $122 million to settle its accounting and corruption dispute with the U.S. authorities. MGM Resorts will cut 18,000 jobs due to a slower than expected recovery of its casinos. The spin-off of TikTok USA is likely to be slowed down by the new Chinese law on the export of its technologies. United Continental Holdings is permanently ending flight change fees for most domestic U.S. tickets.