• DA Davidson upgraded Procter & Gamble to Buy, setting a new target of $209 from $160, anticipating stronger organic sales growth.
• EU and China nearing a deal on EV tariffs, following the EU’s recent decision to impose up to 45.3% on Chinese electric vehicles.
• Anglo American sold its steelmaking coal assets to Peabody Energy for up to $3.775B to prevent a $50B takeover by BHP.
• EQT sold minority pipeline stakes to Blackstone for $3.5B to reduce debt from the Equitrans acquisition.
• Oneok to acquire EnLink Midstream for $4.3B in stock, converting each EnLink unit not owned by Oneok into 0.1412 Oneok shares.
• Trump intends to lift LNG export restrictions and expedite oil and gas permits post-election.
• Old National Bancorp to acquire Bremer Financial for $1.40B, offering 4.182 shares plus $26.22 cash per share.
• M&T Bank was downgraded to Neutral by Citigroup, while U.S. Bancorp was upgraded to Buy with an improved price target.
• UniCredit made a $10B+ bid for Banco BPM, aiming to expand while also eyeing Commerzbank.
• BridgeBio got FDA approval for Attruby, a new oral treatment for ATTR-CM, challenging Pfizer’s Vyndaqel.
• Merck reported that WINREVAIR successfully met its primary endpoint in a Phase 3 trial for PAH, leading to early trial termination with an offer for continued treatment.
• Lattice Semiconductor is contemplating a full acquisition of Intel’s Altera.
• Wicked and Gladiator II earned nearly $170M during their opening weekends.
• Amazon Web Services introduced Quantum Embark for quantum computing readiness.
• Meta’s Threads is losing traction against Bluesky amidst user exodus from X.
• Samsung ruled to pay Netlist $118M for patent infringement.
• Snowflake stock upgraded by Wedbush to Outperform, target price set at $190.
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