• Members of the United Auto Workers (UAW) union voted to authorize a strike at the three Detroit automakers (Ford, General Motors, Stellantis) if agreement is not reached on a new contract before the current one expires on September 14.
  • The US antitrust authorities suspended their challenge to Amgen‘s $27.8 billion takeover of Horizon Therapeutics.
  • UBS Group plans first AT1 bond issue after Credit Suisse takeover. This market is said to have worked well after the collapse of the Zurich bank.
  • 3M Company reaches a settlement with US authorities in the army earplug case, for $5.5 bn, a colossal sum but less than some analysts feared.
  • Boeing resumes 737 Max deliveries to China.
  • Cybersecurity startup Wiz plans to buy SentinelOne, according to Reuters.
  • Hostess Brands is up for sale, again according to Reuters.
  • Veritas fund has its sights set on BlackBerry, according to Bloomberg.
  • Shell obtains first gas from Timi platform offshore Malaysia.
  • Xpeng will buy Didi’s car development division for $744m.
  • Sandoz (Novartis) completes acquisition of trademark rights to Astellas antifungal agent.
  • Catalent’s Indiana plant will  produce Novo Nordisk‘s weight-loss drug Wegovy.
  • Activist investor Artisan Partners believes that Bayer is a conglomerate that needs to spin off two of its three divisions.
  • China Evergrande shares fall by 87% on resumption of trading.
  • Danaher plans to complete the demerger of Veralto on September 30.
  • Uniper explores the possibility of legal action in connection with the sale of its Russian activities.
  • Horizon Therapeutics gained 4.9% in premarket trading after the FTC (Federal Trade Commission) decided to temporarily suspend its initiative to block Amgen ‘s $27.8 billion takeover of the laboratory.