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

• 

  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 - 14h
• 

  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 - 23h

• 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 - 5d
• 

  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
• 

  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

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  Trump thrust a spotlight on the future of American space exploration during his inauguration speech Monday.
  
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• TikTok is still running. Companies helping it could face $850 billion hit.

  While TikTok is operating for existing U.S. users thanks to an executive order signed Monday night by President Donald Trump, analysts are warning that his order doesn’t look all that solid.
  
  MarketWatch - 1h

More in Business

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  Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1

  The president said the planned duties were a response to China’s failure to curb fentanyl exports.
  
  The New York Times - 12m

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• 

  Trump Pardons Ross Ulbricht, Creator of Silk Road Drug Marketplace

  Ross Ulbricht was serving a life sentence for creating a site in a shady corner of the internet to sell heroin, cocaine and other illicit substances.
  
  The New York Times - 33m