Dec. 8 at 5:03 AM
$NFLX $WBD $BA $LLY $PFE
TOP 5 WEEKEND STORIES:
1) President Donald Trump has raised concerns about potential antitrust issues related to Netflix's (NFLX) planned acquisition of Warner Bros. Discovery (WBD), Hadriana Lowenkron and Vincent Lee of Bloomberg reports. "Well, that's got to go through a process, and we'll see what happens," Trump said, according to Bloomberg. "But it is a big market share. It could be a problem."
2) Boeing's (BA) planned acquisition of Spirit (SPR) could close as early as Monday but could take longer to complete as it remains subject to certain conditions, Reuters reports. A Boeing spokesperson said, "our team continues to work to satisfy the closing conditions to complete this transaction."
3) Eli Lilly (LLY), Pfizer (PFE), and Johnson & Johnson (JNJ) have secured spots on China's drug catalog, with a total of 19 medicines making the list, Amber Tong of Bloomberg reports. The government did not disclose average discounts, but these additions open a new market channel for the companies.
4) Brookfield Asset Management (BAM) and GIC Pte are close to a binding offer for National Storage REIT in a deal that would value the company at
$2.7B, Vinicy Chan and Manuel Baigorri of Bloomberg reports, citing people familiar with the matter. The details of a transaction are being finalized and could be announced as soon as Money, the sources added.
5) UBS (UBS) may cut 10,000 jobs by 2027, Reuters reports, citing Swiss paper SonntagsBlick. While UBS did not confirm this number, the company said it would "keep the number of jobs cuts in Switzerland and globally as low as possible."
