• Russia bans Facebook and Instagram (Meta Platforms) for "extremism."
  • Nike rebounds 5% out of session after reporting strong quarterly results.
  • Alibaba to launch $25B share buyback program, representing 8.9% of current capitalization.
  • Shell is rethinking the withdrawal from the Cambo oil field in the face of soaring crude oil prices.
  • GlaxoSmithKline issues $8.75 billion in bonds to spin off its consumer business.
  • Nokian Renkaat chooses to stay in Russia to retain control of its factory.
  • Partners Group exceeds AWP consensus forecasts, including a 90% increase in net profit to CHF 1.46bn in 2021.
  • Switch is reportedly considering strategic options and a potential sale, according to Bloomberg reports.
  • Volkswagen will source low-carbon steel from Salzgitter for future projects.
  • BASF is partnering with Zhejiang REEF to improve plastics recycling materials.
  • U.S. antitrust authorities request more information from Activision and Microsoft.
  • Prologis is considering an informal €21 billion bid for Mileway (owned by Blackstone), according to the Financial Times.
  • Orphazyme will delist its American Depositary Shares from Nasdaq.
  • China Evergrande Group, China Evergrande New Energy Vehicle and Evergrande Property Services postpone their earnings releases.
  • Tesla - The U.S. automaker is set to deliver its first electric vehicle models from its German factory near Berlin on Tuesday at a ribbon-cutting ceremony attended by CEO Elon Musk and German Chancellor Olaf Scholz. Tesla gains 1.6% in pre-market trading.
  • Prologis, the U.S. investment fund specializing in warehouse and logistics building management, has launched a $21 billion bid for Mileway, the logistics assets division of Blackstone, the Financial Times reported Monday.
  • Pfizer - The company announced on Monday evening that it was recalling certain batches of its hypertension drug Accuretic, as well as two generics of the treatment, due to the presence of high levels of nitrosamine, a potentially carcinogenic impurity.
  • In addition, the company announced Tuesday that it has reached an agreement with UNICEF to sell up to four million doses of Paxlovid, its oral treatment for COVID-19.
  • Alphabet - Waymo, one of the divisions of Google's parent company Alphabet, announced Monday that it is ready to launch driverless vehicle services in San Francisco, without further details on the timeline.
  • Tencent Music - The Wall Street-listed Chinese music streaming group, which reported a 15 percent drop in revenue in its core social entertainment services business on Monday, announced plans to list on the Hong Kong stock exchange as well. Its stock is up 5.8% in pre-market trading.

Top releases of the day: Adobe, Xiaomi, Anta Sports, Partners Group, Iliad, Nemetschek, Kingfisher, Virbac...