- Siemens Energy wants to buy out the minority shareholders of its subsidiary Siemens Gamesa at EUR 18.05 per share.
- Tesla may build a battery and electric vehicle manufacturing plant in Indonesia.
- Kohl's board is accused by activist investor Macellum of withholding material information from shareholders.
- Margarete Haase will take over as chairman of AMS-Osram.
- BMW explores energy investments to reduce dependence on natural gas.
- Alcon will buy Eysuvis eye drops from Kala Pharmaceuticals.
- Hyundai to invest more than $10 billion in the US through 2025.
- Kimberly-Clark is reportedly considering selling its paper assets in Brazil and Latin America.
- Semiconductor maker Broadcom is in talks to buy software maker VMware, sources close to the matter told Reuters. In pre-market trading, VMware gained 21.2% while Broadcom gave up 5.2%.
- Apple has told some of its suppliers it wants to increase production outside China, the Wall Street Journal reports.
- JPMorgan Chase & Co confirmed it is targeting a 17% return on tangible equity, a goal that could be achieved as early as this year, and raised its 2022 net interest income (excluding markets) forecast to $56 billion.
- Bank of America announced Monday that it will raise the minimum hourly wage for its employees to $22, continuing a move that began in 2017, when it was set at $17, and is set to rise to $25 by 2025.
- Pfizer and BioNTech on Monday released clinical trial results for their Covid-19 vaccine for children under five showing that it generates a strong immune response and is safe and well tolerated.
- Advanced Micro Devices presented the next generation of its flagship Ryzen processor.
Main earnings reports of the day: Zoom Video, Pershing Square, Kainos...