The Day Ahead

TOP NEWS

• Meta shares dropped on fears US verdicts may lead to more lawsuits and an overhaul of design practices.
• Elon Musk is considering allocating up to 30% of SpaceX's IPO to retail investors.
• Equitable and Corebridge are set to merge, creating a $22 billion US insurance giant.
• Occidental's Vicki Hollub is preparing to retire as CEO.
• Pernod Ricard held talks for a merger with Jack Daniel's maker Brown Forman.

MARKET RECAP

• Stocks fell sharply.
• Oil prices soared.
• Treasury yields rose.
• Gold dropped.
• Dollar strengthened.