• Shell has signed an agreement to acquire Pavilion Energy from Temasek.
  • UBS has proposed to reimburse its clients for 90% of the funds impacted by the Greensill collapse.
  • Lufthansa is reportedly increasing concessions on long-haul flights to gain EU approval for the ITA deal, according to sources.
  • Whitbread, the owner of Premier Inn, has reported a decrease in quarterly hotel room revenues.
  • AstraZeneca's breast cancer drug combination has not succeeded in a late-stage trial.
  • Schibsted is set to cut 250 jobs as a part of its organizational restructuring.
  • Azelis has acquired CPS Chemicals, a South African company.
  • Europastry, a Spanish bakery manufacturer, is aiming for a €500 million IPO in Madrid.
  • GE Aerospace's Larry Culp has reportedly turned down an offer from Boeing to become its CEO, as per the Wall Street Journal.
  • The U.S. is considering discontinuing a prepayment program for Medicare providers following a cyberattack on Change Healthcare, a solution by UnitedHealth.
  • Philip Morris has halted nationwide sales of its website Zyn.com after receiving a federal subpoena in the U.S.
  • Petrobras is set to pay $3.7 billion to settle certain tax disputes in Brazil.
  • Apple has discontinued its "buy now, pay later" service in the U.S. and is planning to introduce a new loan program.
  • The FTC is taking legal action against Adobe and its executives over undisclosed fees.
  • A lawsuit in Kansas accuses Pfizer of misleading the public about its COVID vaccine.
  • Tesla is holding consultations on Elon Musk's substantial compensation package and is suing its former supplier Matthews over trade secrets related to electric vehicle batteries. 
  • Venezuela is planning to extend the PDVSA-Chevron oil joint venture until 2047.
  • Cheniere Energy has announced a $4 billion increase in its share buyback program.
  • NextEra Energy has placed $2 billion worth of shares.
  • Fisker has filed for Chapter 11 bankruptcy protection.
  • GameStop shares have dropped after the CEO announced plans to reduce the company's store network.
  • The head of Xbox marketing at Microsoft has departed to join Roblox.
  • Diamond Offshore is closing an oil rig in the Gulf of Mexico and reducing its workforce.
  • The US FDA has given approval to Merck & Co's pneumococcal vaccine for adults.
  • MGM China is seeking to raise $500 million through a rare high-yield bond issue in China.
  • Toyota shareholders have re-elected the company's chairman.
  • Infocom, a Japanese e-comics platform, has not yet reached a decision regarding Blackstone's takeover offer.
  • Boeing's CEO Dave Calhoun is set to testify before the U.S. Senate Permanent Subcommittee on Investigations regarding the company's safety practices and new complaints.
  • A consortium including KKR and Singapore Telecommunications is investing S$1.75 billion in ST Telemedia Global Data Centres, one of Asia's largest data center operators.
  • Merck has received U.S. FDA approval for its new-generation pneumococcal vaccine for adults.
  • Berkshire Hathaway has increased its holdings in Occidental Petroleum to nearly 29% by purchasing an additional 2.95 million shares.
  • Exxon Mobil's lawsuit against activist group Arjuna Capital has been dismissed by a U.S. judge after Arjuna waived its right to propose a resolution on the company's greenhouse gas emissions.
  • Lennar's stock has fallen by 3.4% in pre-market trading as the U.S. homebuilder indicated that its third-quarter deliveries are likely to be below analysts' expectations, signaling a potential continuation of weak demand for new homes amidst high real estate rates.