Amazon to sell cars...

Good Morning!

This is Market Mornings. The fastest way to get the most important stock market news each day. Just the headlines, none of the other nonsense. Read by over 10,000 professional investors from firms like Goldman Sachs, Centerview, JPM, Qatalyst, and more!

💰 Featured News

Amazon will allow auto dealers to sell cars on its site, starting with Hyundai - CNBC

Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism - CNBC

US FDIC to consider 'special assessment' for March bank failure losses - Reuters

Retail traders cash out as market rallies on bets of end to rate hikes - Reuters

Mortgage rates decline for third consecutive week - Fox Business

Inflation is falling, but Americans are still paying an extra $680 a month due to high prices - Fox Business

Trump's social media company has lost over $31 million since its launch, faces potential shutdown - CNBC

IBM suspends ads on X after corporate ads appeared next to pro-Nazi content - Reuters

EV startup Lucid enters lucrative SUV market with $80,000 Gravity - Reuters

🇬🇧🇨🇳🇲🇽🇿🇦 International

China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years - CNBC

US FDA approves AstraZeneca's breast cancer drug combination - Reuters

Roche investing $240 million in Colombia over five years - country general manager - Reuters

Volvo Cars shares plunge to record lows as Geely cuts stake - Reuters

Energy Transfer inks non-binding deal to supply crude to France's TotalEnergies - Reuters

Anheuser-Busch's marketing chief to finally exit after Bud Light's Dylan Mulvaney fiasco - New York Post

Japan to buy 1.4 mln doses of Daiichi Sankyo COVID vaccine - Reuters

Alibaba's Spinoff Plans Fall to Earth - WSJ

🤝 Mergers and Acquisitions

AFC Energy acquires hydrogen refuelling capabilities to support off-grid generators - Proactive Investors

Wheaton acquires streams on Platreef and Kudz Ze Kayah projects from Orion for up to $455M - Kitco

GTCR to Acquire Cloudbreak Health - PRNewsWire

Sterling Acquires Texas-Based Professional Plumbers Group - PRNewsWire

PagerDuty Completes Acquisition of Jeli - Business Wire

💼 Executives

GM confirms CEO of commercial electric vehicle unit BrightDrop is leaving - Reuters

Tim Cook, Elon Musk, Steve Schwarzman spotted at Xi Jinping dinner with U.S. CEOs - CNBC

Deflation could be coming this holiday season, Walmart CEO says - CNBC

Walmart CFO: Consumers are focused on needs, not wants - Yahoo Finance

Google CEO on China vs US AI Race - Bloomberg

Morgan Stanley CEO says there's 'real progress' in the fight against inflation - CNBC

📈 Earnings

Cisco stock falls 12% on company's weak guidance - CNBC

Macy's profit beats as inventory and margins improve - CNBC

Gap blows past earnings estimates but offers muted holiday forecast against uncertain backdrop - CNBC

Bath & Body Works trims sales forecast as demand slows into holiday season - Fox Business

Walmart shares tumble after warning about weak holiday sales - New York Post