Corporate results:

  • Encavis confirms its annual guidance after the third quarter.
  • RWE exceeds expectations and confirms its targets.
  • Wise reports higher earnings and sales for the first half of the fiscal year.
  • The Home Depot shares rose after Q3 results surpassed analyst estimates. The stock is on pace for its largest single-day increase in a year. Q3 revenue dropped 3% to $37.71 billion, but was above projections. Earnings of $3.81 per share beat estimates by 6 cents.

In other news:

  • Stellantis offers voluntary severance packages to 6,400 US employees.
  • Eramet is not considering a partnership with Imerys in lithium, preferring to focus on its own projects. In fact, the group has announced the acquisition of a set of lithium mining concessions in the Atacama region of northern Chile for an initial payment of $95 million, which can be topped up by $10 million under certain conditions.
  • U.S. prosecutors requested to dismiss antitrust charges against Surgical Care Affiliates LLC and SCAI Holdings LLC. The companies were accused in 2021 of conspiring to not poach each other's senior employees, violating antitrust law.
  • Pfizer is discontinuing its pharmaceutical sciences small molecule operations in Kent, UK. About 500 jobs will be cut at the Sandwich, Kent facility.
  • Boeing sets sights on annual airplane delivery target after slow October. It aims to deliver 70 737s and 14 787 Dreamliners in the last two months of 2023 to meet its annual target.
  • Microsoft and Google will not contest their "gatekeeper" designation under the EU's Digital Markets Act (DMA).
  • Prologis shares are up, potentially reaching the highest close since October 2023.
  • Ethiopian buys more Boeing 737 MAX nearly five years after deadly crash
  • Uber Technologies plans to launch Uber Tasks, a service for household tasks, in the US and Canada.
  • Goldman Sachs introduced Marquee MarketView, a visual data analytics tool for institutional investors and corporate clients.
  • General Dynamics Information Technology received a $2.5 billion contract to modernize the Indian Health Service's electronic health record system.
  • Exxon Mobil plans to produce lithium for electric vehicles by 2027 from a mining operation in Arkansas. The company aims to supply enough lithium for over a million electric vehicles a year by 2030.
  • The waiting period under the Hart-Scott-Rodino Act for Cisco's acquisition of Splunk has expired. Cisco agreed to acquire Splunk for $157 per share in cash, valuing the company at $28 billion.
  • Tesla increased prices for the Rear-Wheel Drive versions of its Model 3 and Model Y cars in China.
  • Agilent Technologies received FDA approval for PD-L1 IHC 22C3 pharmDx as a companion diagnostic for Merck's Keytruda in gastric cancer.
  • Thermo Fisher Scientific's board authorized a $4 billion share buyback program, replacing the existing authorization with $1 billion remaining.
  • Amazon.com has agreed to enable direct purchases of its products from Snapchat ads, similar to its partnership with Meta Platforms.
  • Adobe's proposed acquisition of Figma may face an EU antitrust warning over concerns of reduced competition and higher prices.
  • Exxon Mobil started production at a third offshore oil development project in Guyana, increasing total capacity to about 620,000 barrels per day.
  • Glencore acquires 77% of Teck's steel coal division for $6.9 billion.
  • Orsted CEO and CFO dismissed after US fiasco.
  • Nvidia updates its flagship chip to handle larger artificial intelligence systems.
  • Industrial and Commercial Bank of China reportedly pays ransom to Lockbit after being hacked.
  • There's peculation on Hammerson, which is looking to sell its stake in Value Retail.
  • Ferrari to hire 250 people in the first half of next year and launch an employee shareholding plan.
  • Micron Technology is being sued by Chinese chipmaker YMTC for alleged patent infringement.
  • Nestlé negotiates the sale of its Caudry plant to Italpizza.
  • Danone launches small Canadian company Else Nutrition after a proposed licensing agreement.
  • Bain Capital seeks to divest Varsity Brands, which could be valued at $6 billion, according to Reuters.