Dow Jones Top Company Headlines at 3 AM ET: Monte dei Paschi Makes $40 Billion Move to Buy Italian Peers Banco BPM, Banca Generali | SpaceX ...
MorningStar·- Monte dei Paschi launched $39.73 billion all-share bids for Banco BPM and Banca Generali, while Abbott agreed to pay $670 million to settle baby-formula litigation. - Charter Communications finalized its $34.5 billion Cox deal, and Micron unveiled Micron Research Labs alongside plans for a $10 billion research facility. - JPMorgan filed layoff notices impacting nearly 800 employees, and Hyundai's union launched its first full-day strike in a decade.HKEX Capable of Extending Trading Hrs, but Spot Mkt Adjustments Require Careful Consideration: Bonnie Chan
AASTOCKS News·- Hong Kong Exchanges and Clearing CEO Bonnie Chan stated that the exchange has the capability to extend trading hours to better connect with the North American market and meet the demands of investors. - Chan noted that while derivatives trading already extends until 3 AM, any adjustments to the cash market require careful consideration and thorough communication with diverse stakeholders due to their varied trading habits. - She also reported that IPO fundraising in the first 8 months has already surpassed last year's annual total, with the exchange focusing on diversified product structures to meet investor needs.Dow Jones Top Company Headlines at 7 PM ET: OpenAI's Second-Quarter Sales Show Tepid Growth Compared With Anthropic | Disney ...
MorningStar·- Major corporate developments include OpenAI reporting second-quarter sales growth, Disney suing the FCC over license reviews, and Meta facing a child safety trial in California. - Financial transactions feature Apple altering App Store terms to appease EU antitrust officials, KKR bidding $9 billion for UGI, and Goldman Sachs agreeing to acquire LCN Capital Partners for up to $410 million. - Additional updates highlight Home Depot posting higher sales, Toll Brothers recording lower revenue, and Baidu experiencing ongoing declines in profit and revenue amid its AI pivot.