• Boeing and Airbus are in talks with International Consolidated Airlines about a possible order for wide-body jets.
  • In the end, Bristol-Myers Squibb will acquire Mirati Therapeutics, not Sanofi. The price is $4.8 billion (USD 58 per share).
  • JPMorgan Chase has abandoned its bid for Metro Bank, according to the FT. The British bank finally received £925 million in financing, with a commitment to divest and a 40% write-down on its Tier 2 bonds.
  • Amgen completes the acquisition of Horizon Therapeutics for nearly $28 billion.
  • Croda International lowers its adjusted earnings forecast for fiscal 2023.
  • Microsoft expects to close its acquisition of Activision Blizzard on October 13.
  • Schaeffler family proposes to delist Vitesco at EUR 91 per share, in cash.
  • Nelson Peltz, via Trian Fund Management, increases his stake in Walt Disney and wants to take a seat on the board in person.
  • Birkenstock aims for the top end of the price range for its IPO.
  • Italy launches sale of stake in Banca Monte Dei Paschi.
  • HSBC buys Citigroup's onshore consumer goods portfolio in China.
  • Frasers increases its stake in Boohoo to 13.4% to become the group's largest shareholder.
  • Country Garden may shortly announce a plan to restructure its offshore debt.
  • Aryzta to buy back hybrid bonds worth CHF 120 million.
  • BMW receives a request for information from the EU as part of the investigation into subsidies for electric vehicles.
  • Volkswagen and Umicore choose Poland for their first automotive battery parts plant.
  • Metso wins contract for lithium hydroxide refinery in Finland.
  • Juventus intends to ask its shareholders for a new capital increase of up to €200 million, backed by Exor.
  • FDA approves Cosentyx (Novartis) for intravenous use.
  • United Airlines announced on Sunday that it was suspending flights to Tel Aviv due to the conflict between Israel and the Palestinian Hamas, saying it was waiting for conditions to improve before resuming operations. Delta Air Lines and American Airlines also announced the suspension of their direct flights to Tel Aviv.
  • Tesla sold 74,073 electric vehicles manufactured in China in September, down 10.9% year-on-year, according to data released Sunday by the CPCA (China Passenger Car Association), an industry federation. Tesla shares are down 1.8% in pre-market trading.
  • Ford Motor announced on Friday its intention to cut a further 495 jobs in Ohio and Michigan due to the impact of the strike by employees represented by the United Auto Workers auto union.
    Citigroup announced on Monday the sale to HSBC Holdings of its wealth management activities in China, covering total deposits and investment assets of around $3.6 billion.