2023-10-16 12:44:00
Main values to follow Monday on Wall Street where futures contracts on the main indices suggest an opening up 0.31% for the Dow Jones .DJI, 0.19% for the Standard & Poor’s 500 .SPX and 0 .03% for the Nasdaq .IXIC: * PFIZER PFE.N fell 6.5% in off-day trading, with the drugmaker now forecasting 2023 revenue of between $58 and $61 billion, versus 67 to 70 billion dollars previously. MODERNA MRNA.O is down 4% following the announcement. Jefferies raises its recommendation for Pfizer from “hold” to “buy.” * The United States will take steps to prevent American chipmakers from taking advantage of a legal loophole to sell some advanced semiconductors to China, a U.S. official said. NVIDIA NVDA.O is down 1.2% pre-open. Advanced Micro Devices AMD.O declines 0.5% pre-open. * KKR KKR.N and life sciences investor Flerie have created a platform to jointly invest in specialty pharmaceutical services, the two companies announced on Monday. Electronic chip maker Kokusai Electric 6525.T , owned by KKR, raised $724.4 million in its IPO. KKR has submitted a binding offer for Telecom Italia’s assets, which posits a combined valuation in excess of €23 billion. * FORD MOTOR FN announced Friday that it would temporarily halt work on one of three production teams for its F-150 lightning electric pickup at its Michigan plant, citing multiple constraints, including chain problems. supply. * Private equity firm APOLLO GLOBAL MANAGEMENT APO.N is seeking to join the consortium that Scandinavian airline SAS SAS.ST chose last week to end the bankruptcy proceedings it initiated, according to a source at made the file. * ILLUMINA ILMN.O said on Friday it would divest cancer screening test maker GRAIL GRAL.O in 12 months, under the terms of the European Commission order, if the EU Court of Justice does not don’t prove him right. * European Union (EU) regulators have postponed their decision to authorize NOVAVAX’s COVID-19 vaccine NVAX.O , the company said on Sunday. The European Medicines Agency has asked Novavax for more information regarding the vaccine. The stock is down 4.5% in pre-market trading. * Sportswear maker LULULEMON ATHLETICA LULU.O jumps 5.2% following the close, S&P Dow Jones Indicates LULULEMON Will Replace ACTIVISION BLIZZARD ATVI.O in the S&P 500. * Qatar’s Sheikh Jassim bin Hamad al Thani has informed the Glazer family which controls MANCHESTER UNITED MANU.N that it will not improve its acquisition offer which values the club at more than $6 billion, sources said. Rival buyer Jim Ratcliffe is offering to pay more than $1.5 billion for a 25% stake in the company, sending the stock price down 12.0%. * Australian lithium producer Liontown Resources LTR.AX said on Monday that U.S. company ALBEMARLE ALB.N had withdrawn its $4.16 billion takeover offer. * Sporting goods retailer VISTA OUTDOOR VSTO.N said on Monday it would sell its sporting goods business to Czechoslovak Group for $1.91 billion in an all-cash deal. * Global demand for new business jets is expected to remain strong over the next decade, HONEYWELL HON.O said on Sunday, with the engine maker forecasting deliveries of around 8,500 new planes through 2033. * Trade unions CHEVRON CVX.N’s liquefied natural gas (LNG) facilities in Australia have reaffirmed their intention to resume strikes this week. * Maxeon Solar Technologies MAXN.O – BofA lowers its recommendation from “buy” to “neutral”. The stock lost 4% before the opening. * JD.com JD.O – Bernstein lowers its recommendation from “outperform” to “perform in line”. * Colgate-Palmolive CL.N – Stifel raises its recommendation from “hold” to “buy”. (Written by Corentin Chappron, edited by Kate Entringer)
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