• General Motors plans to invest over $3 billion to manufacture electric vehicles in Michigan.
  • Unicredit is not interested in Assicurazioni Generali or Mediobanca, says its CEO.
  • Credit Suisse is changing its board of directors.
  • Norsk Hydro raises its cost reduction target and considers a higher dividend.
  • CSL Limited enters into discussions to acquire Vifor.
  • Ramsay Health to buy Elysium for £775m.
  • Basalt to buy Nobina at SEK 108 per share.
  • Posco to buy Senex for $610m.
  • Sensetime postpones its IPO in Hong Kong.
  • JP Morgan raised its price target on Apple to $210 from $180, saying the U.S. group should launch a 5G-enabled iPhone SE in 2022, which would boost its handset production by an additional 30 million units to a total of 250 million next year. Apple shares, which closed Friday at a record high of $179.45, very close to the $3 trillion market capitalization, are gaining 1.1% in pre-market trading Monday.
  • Pfizer, Arena Pharma - The two laboratories announced Monday that the latter would be bought by the former for $6.7 billion in a deal that will allow Pfizer to strengthen its position in treatments for cancer and inflammatory diseases. Arena shares soared 92.2% in pre-market trading and Pfizer shares gained 1.6%.
  • BlueBird - The biotech company jumps 14.5% in pre-market trading after it says clinical trials of its gene therapy treatment are showing a sustained response in sickle cell disease patients.
  • Novavax - The drugmaker's stock is up 4.5% in premarket trading after announcing the filing of its COVID-19 vaccine in the United Arab Emirates.
  • Ford - The automaker's stock advances 0.1 percent in premarket trading to $21.48, its highest level in 20 years, after the group announced Friday a goal to triple its production of the Mustang Mach-E, an electric SUV, to 200,000 units per year by 2023 for North America and Europe.
  • The U.K. competition authority announced Monday that it intends to open an investigation into Microsoft's proposed $16 billion takeover of Nuance.
  • McDonald’s  will hire 12,000 people and open 200 new restaurants in Italy by 2025, said the general manager of the group's Italian subsidiary, Dario Baroni, reported Monday in the Affari&Finanza supplement of the daily La Repubblica.

Main earnings releases: Fraport, DFDS, Sthree...