- Stellantis revises downwards its targets and outlook for 2024.
- Volvo Car, Uber, Rivian, and Iberdrola back EU plans to ban combustion engines by 2035.
- UniCredit’s CEO took part in a video meeting with Commerzbank, according to several sources.
- Volkswagen lowers its 2024 outlook (again) as demand weakens. Porsche Automobil Holding
- Aston Martin lowers its forecasts.
- Boohoo considers demerger or partial sale.
- Syensqo announces a €300 million share buyback programme.
- ThyssenKrupp plans job cuts to boost profitability.
- Haleon increases its stake in its joint venture with Tianjin Pharmaceutical to 88%.
- Baywa obtains additional financing of $558 million for its restructuring.
- Formycon receives US approval for biosimilar treatment of Crohn's disease.
- Springer Nature to be floated at EUR 22.50 per share.
- China has asked its companies to avoid using Nvidia chips.
- Wage negotiations at Boeing have broken down without any progress being made to end the strike, according to the union.
- Apple has decided not to participate in the new round of financing for OpenAI, according to the WSJ.
- Spotify suffered a major outage in the US on Sunday.
- Donald Trump reiterates his pledge to block Nippon Steel's proposed purchase of United States Steel.
- Shares of Ford and General Motors dropped approximately three percent each following an announcement by their European competitor Stellantis revising their annual forecasts on Monday.
- Verizon has struck a deal worth three point three billion dollars with digital infrastructure firm Vertical Bridge, granting exclusive rights to lease, operate, and manage thousands of its mobile towers.
- Epic Games, the creator of Fortnite, has declared its intention to sue Google and Samsung, accusing them of collaborating to shield Google's Play Store from competitive threats.
- At&T has disclosed the sale of its entire seventy percent stake in satellite TV provider DirecTV to private equity firm Tpg for seven point six billion dollars.
- The International Association of Machinists and Aerospace Workers has announced the suspension of wage talks with Boeing, with no further negotiation dates currently set.
- The U.S. Food and Drug Administration (FDA) has approved Ge Healthcare's Flyrcado, a new drug for detecting coronary heart disease.
- REA Group urges Rightmove to accept its fourth, upgraded takeover proposal, but the British company rejects it.
- Toyota Motor announces an 11.2% fall in worldwide production in August. Chairman Akio Toyoda is increasingly vulnerable.
- Bain launches a discounted takeover bid for Japanese mobile phone retailer T-Gaia.
- BYD recalls nearly 100,000 electric vehicles in China due to a management failure.
- Rakuten announces that its credit card subsidiary is in talks with Mizuho.
Global markets live: Stellantis, Apple, Spotify, Verizon, At&T...
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