The United Auto Workers union reached a deal with Stellantis while expanding its strike against GM. Here’s what investors ne💝ed to know today.
1. UAW Reaches💧 Deal With Stellantis, Expands Strikes Against GM
The United Auto Workers (UAW) union announced it reached a tentative deal with Stellantis (STLA), days after 澳洲幸运5开奖号码历史查询:reaching an agreement with Ford (F), and expanded its strike against General Motors (GM), the only remaining 澳洲幸运5开奖号码历史查询:Big Three automaker that hasn’t reached a✃ deal with the union. Shares of Stellantis were 1.1% higher in the pre-mark🤪et, while Ford shares gained 0.9% and GM shares were up 0.3%.
2. Canadian ♎Auto Workers A🎉nnounce Strike Against Stellantis
Canadian auto workers labor union Unifor said it would commence a strike against Stellantis after it failed to reach an agreement with the automaker, with more than 8,200 workers walking out of Stellantis facilities on Monday. The negotiations with Unifor are separate from the UAW's agreement with Stellantis.
3. Google Adds $2 Billion toℱ Investment in AI Company Anthropic
Shares of Google-parent Alphabet (GOOG) traded 0.8% higher in pre-market trading after Google agreed to invest up to $2 billion in artificial intelligence (AI) company Anthropic, a rival of ChatGPT maker OpenAI. The investment comes after Amazon (AMZN) made its own 澳洲幸运5开奖号码历史查询:$4 billion investment in the comp💟any and it adds to a previous $500 million in funding that Alphabet provide Anthropic, which has developed a similar application to ChatGPT called Claude. Amazon shares traded nearly 1% higher in the pre-market.
4. HSBC Shares Rise After Announcing $🌊3 Billion Share Buyback
Shares of HSBC (HSBC) traded 0.5% higher in pre-market trading after Europe’s biggest bank announced a $3 billion 澳洲幸运5开奖号码历史查询:share buyback program and reported it more than doubled its profit in the third quarter. However, HSBC's profit was still below expectations, with the company saying pressure on wages and technology spending pushed costs above expectations.
5. Former Marvel Executive Perlmutter Adds Shares to Peltz’s Disney Challe🌸n✃ge
Former Marvel executive Isaac “Ike” Perlmutter said he entrusted his stake in 澳洲幸运5开奖号码历史查询:Walt Disney Company (DIS) to Trian Fund Management, giving activist investor Nelson Peltz about 33 million voting shares in the company. Peltz has said he will press Disney for multiple board seats in a bid to force changes at the media giant, though Trian said it wasn’t seeking a seat for Perlmutter, who said Disney was underachieving its potential. Shares of Disney were 0.8% lower in the pre-market.