In MACRO, COMMODITIES & ENERGY NEWS, Turkey stops trade with Israel over Gaza, the OECD sticks the boot into the UK, Shell beats profit forecasts, Gazprom has its worst loss in decades, US cattle prices fall and Ørsted warns of the high price of renewables. In TECH NEWS, Apple's revenues fall, Chinese AI start-ups chase OpenAI and TikTok's feistiness continues. In M&A NEWS, Sony and Apollo make Paramount an all-cash offer, Nightcap considers a bid for Revolution Bars, Mayer Brown is to spin off its China business, Special Opportunities REIT looks to list in London and investors look to other ways to access IPOs. In MISCELLANEOUS NEWS, Lloyd's insurers count the cost of Baltimore, Maersk's profit falls, Goldman Sachs removes the bonus cap, Peloton's latest CEO exits and Novo Nordisk gets fat from weight-loss drugs. AND FINALLY, I thought I'd bring you some holiday inspo😁...
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