• Samsung will set up its US chip factory in Taylor, Texas, as part of a $17bn investment.
  • Cevian takes a 6.9% stake in ThyssenKrupp.
  • Advent and Centerbridge are offering to buy Aareal Bank at EUR 29 per share.
  • Intertrust has received several offers of up to EUR 22 per share.
  • Zoom Video is down 6.8% after the release of its quarterly results.
  • Clariant sets new medium-term targets.
  • AO World revises its forecasts downwards.
  • AstraZeneca opens a new $1.3 billion R&D center in the UK.
  • Implenia wins CHF 200 million contract from SBB GlaxoSmithKline secures exclusive licensing agreement for Arrowhead liver disease treatment.
  • Galapagos completes patient enrollment in mid-stage renal disease study.
  • The Italian competition authority has fined the two groups a total of more than 200 million euros for anti-competitive practices regarding sales of Apple and Beats products on the U.S. retail giant's Italian site. Apple and Amazon have announced their intention to appeal the decision.
  • The European Medicines Agency announced Tuesday that it would consider Thursday whether to expand the use of Comirnaty, Pfizer and BioNTech's COVID-19 vaccine, to children ages five to 11. Israel has also been administering the vaccine to young children since Monday.
  • Merck- The Swiss Federal Council has pre-ordered up to 8,640 doses of Molnupiravir, the oral treatment for COVID-19 from the US laboratory.
  • Best Buy said Tuesday it expects fourth-quarter like-for-like sales to fall short of expectations due to likely shortages during the crucial holiday season. The stock plunged about 10% in pre-market trading.
  • Comcast subsidiary NBCUniversal plans to pull much of its content from Hulu, one of Walt Disney's video-on-demand platforms, and offer it exclusively on Peacock, its paid subscription service, The Wall Street Journal reported Monday, citing sources close to the matter. Disney's stock is down 0.6% in premarket trading.
  • Doordash- The meal delivery specialist will pay more than $5 million to end an investigation by the San Francisco city attorney into alleged labor law violations.

 

Key earnings reports: Medtronic, Analog Devices, Autodesk, Xiaomi, VMWare, Dell Technologies, Alimentation Couche-Tard, Compass, CRH, Severn Trent...