Among stocks, Vecture jumped 2.8% after tobacco company Philip Morris raised its bid for the drugmaker to 165 pence per share. British food delivery specialist Deliveroo soared 3.5% after its German peer Delivery Hero purchased a 5.09% stake in the company.

Meanwhile, the stakes are getting higher in the bidding war for supermarket chain Wm Morrison. After Friday’s £10 billion offer from US private equity group Fortress, the U.K. Takeover Panel said today that it has extended the deadline for Clayton Dubilier & Rice LLC to make a counteroffer.

Things to read:

‘If Masa said yes, who am I to object?’: SoftBank deals unleash internal compliance tensions (Financial Times)

Markets Are Running Hot on an Economic Enigma Machine (Bloomberg)

U.K. Led the World in Slashing Carbon Emissions. Now Comes the Hard Part. (WSJ)