Jan. 26 at 4:17 AM
$RVMD $SPY $VWAGY $JKS $SSNLF
TOP 5 WEEKEND STORIES:
1) Merck (MRK) is no longer in discussions to acquire Revolution Medicines (RVMD), Lauren Thomas and Jonathan Rockoff of Wall Street Journal report, citing people familiar with the matter. The talks "cooled after the two couldn't come to an agreement on price," sources told the paper. The talks could restart or another suitor for Revolution could emerge, adds the Journal.
2) On Truth Social, President Donald Trump wrote, "If Governor Carney thinks he is going to make Canada a "Drop Off Port" for China to send goods and products into the United States, he is sorely mistaken. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life. If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A. Thank you for your attention to this matter!"
3) Volkswagen (VWAGY) will not continue its plans to create an Audi factory in the U.S. unless auto tariffs are reduced, William Wilkes of Bloomberg reports, citing comments made by Chief Executive Officer Oliver Blume to Germany's Handelsblatt newspaper. Audi has been debating on manufacturing in America since 2023, initially encouraged by subsidies, but this has shifted since the Trump administration placed tariffs on European carmakers.
4) A spokesperson for JinkoSolar (JKS) said in a statement: "The USPTO's decision not to institute review was based solely on discretionary grounds, which are wholly divorced from the merits of our challenge. While we respectfully disagree with that discretionary denial, we remain confident that when the Federal District Court considers a full, merits-based review, it will find that the First Solar patent involved is invalid." On January 20, First Solar (FSLR) announced that the Director of the United States Patent and Trademark Office denied three separate inter partes review applications seeking to invalidate the company's tunnel oxide passivated contact patents through a review process. The IPRs were filed by JinkoSolar, Mundra Solar, and Canadian Solar (CSIQ) in 2025, and were declined on November 20, December 11, and December 18, respectively, according to First Solar.
5) Samsung Electronics (SSNLF) has entered the final qualification phase with Nvidia (NVDA), bringing the company one step closer to securing a certification for Nvidia's latest AI memory chip, Yoolim Lee of Bloomberg reports, citing people familiar with the matter. Samsung is preparing for mass production of HBM4 in February, the sources added.
