- UBS is planning to sell its majority stake in Credit Suisse's Chinese subsidiary to a Beijing-backed fund.
- Novo Nordisk: The CEO is scheduled to appear before the US Senate on September 24. The company is investing $4.1 billion to expand production in the USA. Meanwhile, a generic version of Novo's diabetes drug Victoza has been launched by Teva and the lab announced that Semaglutide has been approved in China for long-term weight management.
- Merck KGaA has terminated phase III trials of its cancer drug Xevinapant.
- AstraZeneca has reported the failure of the late-stage trial of Imfinzi for treating a type of lung cancer.
- Leonardo will close its Italian plant for four months due to issues with Boeing's B787.
- The Federal Reserve is relaxing its bank capital reform.
- Boeing made an offer to acquire Spirit AeroSystems for $35 per share, mainly through a capital issue, as per Bloomberg.
- DuPont's water unit is reportedly drawing interest from potential buyers, according to Bloomberg.
- AT&T is advocating for large technology companies to contribute to the telecommunications and broadband subsidy fund.
- Rivian is streamlining production, cutting costs, and aiming for its first profit as an electric vehicle manufacturer.
- Paramount Global is raising the prices of its streaming services.
- Rite Aid has emerged victorious against MedImpact in a dispute over the sale of Elixir for $200 million.
- Apple and Meta have ceased discussions about an AI partnership, Bloomberg reports.
- The CEO of Hess has joined the board of Goldman Sachs as an independent director.
- The US has launched an investigation into China Telecom, China Unicom, and China Mobile regarding the risks these operators may pose to the US internet infrastructure.
- China's BYD is introducing a third electric vehicle model in Japan.
- South Korea's SK Group, which owns SK Hynix, is planning asset sales and mergers as part of a significant restructuring.
- Malaysia has decided against the privatization of Malaysia Airports Holdings.
- Nvidia has seen a 2.1% rebound before Tuesday's opening after losing more than 16% since its recent peak. Other tech companies like Micron Technology, Broadcom, Super Micro Computer, and Qualcomm also saw pre-market gains of 1% to 2%.
- Tesla is set to recall 11,688 Cybertruck electric vans due to a windshield wiper problem that could reduce visibility and increase the risk of accidents.
- Trump Media & Technology Group's shares rose by an additional 14.2% in pre-market trading on Tuesday following a previous surge of around 20%. The company announced an expected $69.4 million from the exercise of warrants on June 20 and 21.
Global markets live: UBS, Boeing, AT&T, Rivian, Nvidia, Tesla...
Every day, the MarketScreener team selects the most important news about listed companies across the world. Here's a short recap for your convenience: