Key Points To Watch Out For:

• Berkshire Hathaway shares rose 1.4% following the announcement of an increase in operating profits
• Alibaba fell 2% in Hong Kong after an investment of 52 billion dollars in AI and cloud was announced
• Just Eat shares shot up by more than 50% following the announcement of its acquisition by Prosus, which saw its shares fall by 7%

Berkshire Hathaway (BRK): Increase in profits boosts share price

Berkshire Hathaway shares climbed 1.4% in premarket trading following the conglomerate’s report of growth in operating profits, expected to reach $47.4 billion in 2024. The company’s robust business figures continue to inspire investor confidence.

Rheinmetall (RHM), BAE Systems (UK:BA), Thales (HO), Airbus (AIR): Boost for European defense

A number of European defense companies saw their shares rise, boosted by expectations of higher military spending in Germany. This optimistic outlook could be maintained if the new German government’s policy favors an expansion of the defense budget.

Alibaba (BABA): Strong investment in AI fails to convince the market

Alibaba announced an ambitious $52 billion investment plan in artificial intelligence and cloud computing over the next three years. Despite the bold strategy, its stock fell 2% in Hong Kong, reflecting concerns about the profitability of the investment.

Just Eat Takeaway.com (TKWY), Prosus (PRX): Merger generates mixed reactions

Just Eat Takeaway.com shares surged more than 50% in Amsterdam after Prosus agreed to acquire the company for $4.3 billion. In contrast, Prosus shares fell 7% as investors evaluated the financial impact of the acquisition.

Sugentech, Cellid: Rally after new health alert

Asian vaccine and diagnostic kit companies such as Sugentech and Cellid experienced sharp gains following news of a newly identified coronavirus strain in bats. The market reacted positively, anticipating increased demand for their products.

Subsea7 (SUBC): Merger with Saipem boosts share price

Subsea7 shares rose 7% in Norway after announcing a merger with Saipem (SPM) in a deal valued at $4.9 billion. The merger is expected to strengthen the market presence of both firms in the energy services sector.

Today’s earnings highlights

Financial reports are expected today from several key companies:

• Domino’s Pizza (DPZ)
• Diamondback Energy (FANG)
• Owens Corning (OC)

Investors will closely monitor these results to evaluate performance in their respective industries..