Bacon heavyweight Smithfield Foods to tip IPO scales at $11 billion with an eye on amassing market share

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  Orsted Shares Plunge on $1.7 Billion Impairment

  Shares in the renewable-energy company sank to the bottom of the Stoxx Europe 600 index Tuesday after it announced the impairment amid higher costs at its U.S. Sunrise Wind project.
  
  The Wall Street Journal - 18h
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  Huawei seeks to grab market share in AI chips from Nvidia in China

  Tech giant pushes its artificial intelligence chips as hardware of choice for ‘inference’ tasks
  
  Financial Times - 1d

• Travel group HBX to test Europe’s IPO market with Spanish listing

  Hotel room wholesaler could be valued at €5bn in first big European flotation of the year
  
  Financial Times - 5d

• Goldman Sachs CEO Solomon says IPO market is 'going to pick up' along with dealmaking

  At an event hosted by Cisco on Wednesday, Goldman Sachs CEO David Solomon indicated that the multi-year IPO drought should be coming to an end.
  
  CNBC - 6d
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  Pfizer Sells 700 Million Haleon Shares for $3 Billion

  The sale decreases Pfizer’s shareholding in the consumer-healthcare business to 7.3% of its issued share capital, down from 15%.
  
  The Wall Street Journal - 6d

• Stellantis aims to reverse yearslong declines in U.S. sales and market share in 2025

  Stellantis' top priority for the U.S. this year is to grow its retail market share after several years of declining sales in its largest, most crucial market.
  
  CNBC - Jan. 10

• Analysts embrace ServiceTitan’s market-share potential in parade of buy ratings

  The software maker for blue-collar businesses, which recently went public, draws “buy” or “overweight” ratings from at least six analysts.
  
  MarketWatch - Jan. 6
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  Fire at food market in northern China kills eight people and injures 15

  Cause of fire in city of Zhangjiakou in Hebei province is under investigation. At least eight people have died and 15 are injured after a fire broke out at a food market in northern China, ...
  
  The Guardian - Jan. 4

• Fire at a food market in northern China kills at least 8 and injures 15

  Chinese state media says a fire at a food market in northern China killed at least eight people and injured 15 others
  
  ABC News - Jan. 4

More from MarketWatch

• Tesla’s ‘Trump bump’ fades as stock falls alongside rest of EV sector

  Investors still expect Musk to benefit more broadly from Trump 2.0.
  
  MarketWatch - 2h

• United Airlines stock rallies on results, as growing demand wasn’t just about premium seats

  Shares of United Airlines rallied in after-hours trading Tuesday, as a record number of travelers lifted fourth-quarter results and the company offered an upbeat forecast for the first quarter.
  
  MarketWatch - 3h

• Netflix’s stock surges as huge subscriber beat goes beyond traction with sports

  Analysts predicted live sports might power a Netflix subscriber beat. But as the company trounced the expectations, management said sports drove only a “small minority” of additions.
  
  MarketWatch - 3h

• The rich and famous don’t fear a stock market bubble. That’s why you should.

  Elites at Davos believe ‘asset bubble bursts’ is a low risk over the next two years.
  
  MarketWatch - 3h

• Netflix is raising prices. Here’s how much more your plan will cost.

  Netflix is raising the price of its standard ad-free plan for the first time in three years, though it will still cost less than the comparable version of Hulu,
  
  MarketWatch - 4h

More in Business

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  Trump Is Said to Push for Early Reopening of North American Trade Deal

  The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
  
  The New York Times - 18m

• Trump pardons Silk Road creator Ross Ulbricht

  President Trump grants full pardon to Silk Road founder Ross Ulbricht, early bitcoin advocate.
  
  CNBC - 28m
• 

  SoftBank and OpenAI back sweeping AI infrastructure project in US

  Donald Trump calls $100bn initiative a ‘declaration of confidence in America’
  
  Financial Times - 45m
• 

  2 Families, in Business 50 Years, Fight for Control of Korea Zinc

  Control of Korea Zinc, the world’s largest producer of zinc, is at stake in a battle challenging the country’s entrenched chaebol system of powerful conglomerates.
  
  The New York Times - 1h

• Trump says he's considering a 10% tariff on China beginning as soon as Feb. 1

  On Tuesday, President Donald Trump floated a 10% duty on China, with an expected start date of Feb. 1.
  
  CNBC - 2h