• Partners Group is buying a 50.3% stake in luxury watchmaker Breitling, which plans to go public in Switzerland in 2027, Finews reports. Separately, Partners Group has reached an agreement to sell Australia's CWP Renewables energy platform to Squadron Wind Energy Assets.
  • Glencore expects to cut production in 2023 amid rampant inflation.
  • Novartis signs licensing agreement for MorphoSys cancer program.
  • Mastercard approves $9 billion share buyback and raises its quarterly dividend by 16%.
  • Taiwan Semiconductor expects $10B in annual revenue from Arizona fabs.
  • Apple scales back ambitions for its electric vehicle and pushes back launch to 2026.
  • Netflix's revenue will rebound next year after a tough 2022, co-CEO Ted Sarandos estimated.
  • Amazon reaches a settlement with the European Commission over its alleged anti-competitive policies, avoiding formal charges and a fine of up to 10% of its global revenue, according to the FT.
  • A forthcoming ruling by the EU's privacy regulator is expected to impose new restrictions on Meta Platforms' targeted ads, according to the WSJ.
  • Morgan Stanley is reportedly laying off 1,600 employees worldwide.
  • Shell and BP Plc are restructuring their stake in Trinidad's Atlantic LNG project.
  • Boeing's last 747 airplane is scheduled to leave the Everett plant late Tuesday.
  • The Commercial Court of Liège revokes the judicial reorganization plan of DMS Imaging approved on February 9, 2021, which is appealing.
  • Country Garden is raising a second round of financing in a month, this time for HK$4.8 billion.
  • ABB to supply power management system to BHP's potash project in Canada.
  • Tesla lost 2% in pre-market trading as investors feared a production cut at the U.S. automaker's Shanghai plant.
  • Campbell Soup raised its annual revenue and profit forecasts after better-than-expected sales in the first quarter of its off-year.
  • Microsoft said it will offer "Call of Duty" on Nintendo systems for 10 years following its acquisition of Activision Blizzard, the publisher of the shooter.
  • Southwest Airlines said it has resumed its quarterly dividend program, more than two years after suspending it following the pandemic.