1. "S&P 500 Futures Narrowly Adjust; Most Chinese ADRs Fall" 2. "COMEX Gold Futures Break $2,750/Ounce" 3. "Boeing Proposes New Settlement; Union to Vote T

Jun 06,2024

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1. **Narrow Adjustments in Major Futures, Gold Price Breaks Through $2,750** As of press time, Dow futures rose by 0.06%, S&P 500 index futures fell by 0.04%, and Nasdaq futures fell by 0.15%. COMEX gold futures broke through $2,750 per ounce, rising by 0.73% during the day.

2. **Most Chinese Concept Stocks Decline** Most Chinese concept stocks declined, with Ideal Automobile falling by over 2%, Alibaba falling by nearly 2%, Futu Holdings falling by nearly 2%, and Beike falling by over 1% as of press time.

3. **Elliott in Early Settlement Talks with Southwest Airlines** On October 20th local time, according to foreign media citing informed sources, Elliott Investment Company and Southwest Airlines have been discussing a settlement plan that would give Elliott significant representation on Southwest Airlines' board of directors. As of press time, Southwest Airlines fell by 2.42%.

4. **Activist Investor Starboard Value Takes Stake in Tylenol Maker Kenvue** On October 20th local time, according to foreign media citing informed sources, activist investor Starboard Value has now purchased a substantial stake in pharmaceutical giant Kenvue. Kenvue is the manufacturer of Tylenol and Listerine. As of press time, Kenvue rose by 4.79%.

5. **MetLife Said to Be in Talks to Acquire Prudential's Assets Outside China** On October 20th local time, according to foreign media citing informed sources, U.S. insurance company MetLife is in advanced talks to acquire Prudential's assets outside China, with a transaction valuation likely to be between $1 billion and $1.5 billion. The sources said the negotiations have entered an exclusive stage, involving assets under management of about $100 billion.

6. **UBS Sells 50% Stake in Swisscard to American Express** On October 20th local time, credit card provider Swisscard stated in a declaration that UBS sold 50% of its Swisscard shares to American Express. After the transaction is completed, American Express will become the sole owner of Swisscard. As of press time, UBS fell by 0.24%, and American Express fell by 0.46%.

7. **BHP Faces $47 Billion Lawsuit Over Brazilian Dam Collapse** On October 20th local time, according to foreign media reports, the lawsuit against BHP over the Brazilian dam collapse will be heard in the High Court of London on Monday, with the plaintiffs seeking $47 billion in compensation. In 2015, the collapse of the Mariana dam, operated by BHP, was the worst environmental disaster in Brazil's history, resulting in 19 deaths, thousands of people left homeless, forests submerged, and the entire Doce River polluted. The Doce River is considered a sacred river by local indigenous tribes.

8. **Boeing Proposes New Settlement Proposal, Union to Vote This Week** On October 20th local time, according to foreign media reports, Boeing and the union have reached a temporary agreement on a new contract and will begin voting this week. If the vote passes, it is expected to end the strike. As of press time, Boeing rose by 3.88%.

9. **Cigna Restarts Merger Plans with Humana** On October 20th local time, according to foreign media citing informed sources, U.S. insurance giant Cigna has restarted merger plans with health insurance company Humana, with the two companies recently having informal early discussions on a potential deal. As of press time, Humana rose by 4.48%, and Cigna rose by 4.94%.

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