The General Staff of the Armed Forces of Ukraine said in its regular morning report that Russian troops had assaulted Bakhmut and other towns and villages in the eastern Donetsk region, including with artillery and tanks, but without success. The Russian Defense Ministry said its military had seized some territory in Donetsk, without giving details, Russian state-run news agency TASS reported.
Ukraine President Volodymyr Zelensky Is Set to Visit Washington on Wednesday
Ukrainian President Volodymyr Zelensky is set to meet with President Biden at the White House and address a joint session of Congress on Wednesday night, in an effort to buttress political support in Washington as Kyiv is involved in an open-ended conflict to counter Russia's invasion.
A senior Biden administration official said the visit is intended to provide "an important injection of momentum" for continued U.S. and allied support in the months ahead.
Justice Department Defends Ending Pandemic Border Controls
WASHINGTON-The Justice Department defended the planned termination of pandemic-era border controls inherited from the Trump administration, telling the Supreme Court Tuesday that public-health needs no longer justify excluding foreign nationals to prevent the spread of Covid-19.
The Justice Department's brief came a day after Chief Justice John Roberts issued an administrative order keeping the Trump-era policy, known as Title 42 for a provision of the federal Public Health Service Act, in place temporarily while Arizona and other Republican-led states challenge its termination.
White House Looks at Benefits to Lure Americans Back Into Workforce
WASHINGTON-Top White House economic officials are considering a renewed push for a suite of policies aimed at luring more Americans back to work, including enhanced child- care and eldercare benefits, as they hammer out priorities for the coming year.
The question of how to find enough workers has emerged as a significant issue as the country emerges from the pandemic, with a smaller share of adults working or looking for work than in early 2020. White House economic officials expect to brief President Biden on their thoughts over the holiday break as the administration shapes its agenda for 2023 and plans for Mr. Biden's State of the Union address.
Write to ina.kreutz@wsj.com TODAY IN CANADA
Earnings:
Nothing major scheduled
Economic Indicators (ET):
0830 Nov CPI
Stocks to Watch:
Advantage Energy Announces Results of Substantial Issuer Bid; Has Taken Up 8,928,571 Shrs at C$11.20 Each; Shrs Represent Aggregate Purchase of About C$100M, or 4.9% of Total Issued and Outstanding; Following Completion Offer, Advantage Anticipates That 172,186,405 Shrs Will Be Issued, Outstanding
Autocanada Announces Appointment of Azim Lalani as Its New Chief Financial Officer
AutoCanada to File to Renew Normal Course Issuer Bid; If Accepted by TSX, Co Would Be Allowed to Buy Up to 10% of Public Float for Cancellation Over a 12-Mos Period; All Common Shrs Purchased Under NCIB Would be Bought at Prevailing Mkt Prices; Size, Timing of Shr Purchases to Be Determined; Under Existing NCIB, Co Purchased 1,730,321 Shrs
BlackBerry 3Q Rev $169M; 3Q Loss/Shr 9c; 3Q Loss $4M; 3Q Gross Margin 64.5%; 3Q Adj Loss/Shr 5c; 3Q IoT Rev of $51M; 3Q Cybersecurity Rev of $106M; 3Q Licensing & Other Rev $12M; Will Discuss Outlook in Connection With the Qtrly Earnings Announcement on Earnings Conference Call; IoT Business Has Strong Momentum and Delivered Record Qtr for Design-Phase Rev, Driven Largely by Design Wins in Core Safety-Critical Auto and General Embedded Domains
Canacol Energy 2023 Capital Budget Is Between $138M and $163M
Alimentation Couche-Tard Appoints Alex Miller as COO
SNDL Teams Up With Nova Cannabis to Create Cannabis Retail Platform in Canada; SNDL Will Vend Into Nova's Cannabis Retail Business Its 26 Stores in Ontario, Alberta; SNDL to Eliminate C$15M Revolving Credit Facility, Providing Nova With Additional Liquidity; Return of Equity: Approximately 14.3 M Common Shrs of Nova Held by SNDL's Holdings Will Be Returned to Nova's Treasury; SNDL Will Also Advance New Credit Facility of C$15M; SNDL Plans to Reduce Equity Ownership in Nova to Below 20% via Cap Distribution of Nova Shrs; Transaction Expected to Be Completed in May 2023; Deal to Generate Accretive Return of Equity, Bolster Trading Liquidity; Nova's Bd of Directors Has Unanimously Approved Transaction
Expected Major Events for Wednesday
05:00/JPN: Nov Supermarket sales
06:00/JPN: Nov Revised Machine Tool Orders
07:00/GER: Jan GfK consumer climate survey
07:00/UK: Nov Public sector finances
08:59/JPN: Dec Monthly Economic Report
08:59/JPN: Oct Final Labour Survey - Earnings, Employment & Hours Worked
11:00/UK: Dec CBI Distributive Trades Survey
12:00/US: 12/16 MBA Weekly Mortgage Applications Survey
13:30/CAN: Nov CPI
13:30/US: 3Q International Transactions
15:00/US: Nov Existing Home Sales
15:00/US: Dec Consumer Confidence Index
15:30/US: 12/16 EIA Weekly Petroleum Status Report
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Wednesday
Allena Pharmaceuticals Inc (ALNAQ) is expected to report $-0.48 for 3Q.
Carnival Corp (CCL) is expected to report $-0.85 for 4Q.
Cintas Corp (CTAS) is expected to report $3.02 for 2Q.
Citius Pharmaceuticals Inc (CTXR) is expected to report $-0.05 for 4Q.
Great Panther Mining Ltd (GPL,GPR-T) is expected to report for 3Q.
Helix BioPharma (HBP.T,HBPCF) is expected to report for 1Q.
IronNet Inc (IRNT) is expected to report for 3Q.
Micron Technology (MU) is expected to report $-0.09 for 1Q.
MillerKnoll Inc (MLKN) is expected to report $0.37 for 2Q.
RF Industries (RFIL) is expected to report $0.07 for 4Q.
Raymond James Financial (RJF) is expected to report.
Rite Aid Corp (RAD) is expected to report for 3Q.
Schmitt Industries (SMIT) is expected to report for 1Q.
Toro Co (TTC) is expected to report $1.06 for 4Q.
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ANALYST RATINGS ACTIONS
Aerojet Rocketdyne Cut to Neutral From Overweight by JP Morgan
Allegiant Travel Cut to Hold From Buy by Deutsche Bank
Beam Therapeutics Raised to Outperform From Market Perform by BMO Capital
BJ's Wholesale Club Cut to Neutral From Outperform by Credit Suisse
Conagra Brands Raised to Overweight From Equal-Weight by Morgan Stanley
EverQuote Raised to Overweight From Underweight by JP Morgan
Generac Cut to Neutral From Outperform by Baird
Horizon Tech Finance Cut to Underperform From Market Perform by Keefe, Bruyette & Woods
Hostess Brands Cut to Equal-Weight From Overweight by Morgan Stanley
Illumina Raised to Positive From Mixed by OTR Global
JELD-WEN Raised to Neutral From Underweight by JP Morgan
JM Smucker Raised to Equal-Weight From Underweight by Morgan Stanley
Kinsale Capital Group Raised to Buy From Neutral by Compass Point
Lumentum Holdings Cut to Neutral From Overweight by JP Morgan
MediaAlpha Raised to Overweight From Neutral by JP Morgan
Merit Medical Cut to Hold From Buy by Canaccord Genuity
MKS Instruments Raised to Overweight From Sector Weight by Keybanc
NetApp Cut to Neutral From Overweight by JP Morgan
Nevro Raised to Buy From Hold by Canaccord Genuity
Owens Corning Cut to Underweight From Neutral by JP Morgan
Qumu Cut to Market Perform From Outperform by Northland Capital Markets
RBC Bearings Cut to Neutral From Overweight by Alembic Global
Spirit Airlines Cut to Hold From Buy by Deutsche Bank
TriplePoint Venture Grwth Cut to Underperform From Market Perform by Keefe, Bruyette & Woods
Union Pacific Raised to Outperform From In-Line by Evercore ISI Group
Whirlpool Cut to Neutral From Overweight by JP Morgan
Yelp Cut to Underweight From Neutral by JP Morgan
Ziff Davis Cut to Neutral From Overweight by JP Morgan
Zurn Water Solutions Cut to Neutral From Outperform by Baird
Zymeworks Raised to Buy From Hold by Jefferies
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-21-22 0631ET
