Intel's Mobileye stake, Meta & EssilorLuxottica, Starbucks China
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Intel (INTC) is cutting its stake in Mobileye (MBLY), planning to sell $900 million in shares. According to Bloomberg, Meta (META) has taken a stake in EssilorLuxottica (EL.PA), the largest eyewear manufacturer and the maker of Ray-Bans. Offers up to $10 billion are reportedly coming in for Starbucks' (SBUX) China business, according to CNBC. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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Intel (INTC) is cutting its stake in Mobileye (MBLY), planning to sell $900 million in shares. According to Bloomberg, Meta (META) has taken a stake in EssilorLuxottica (EL.PA), the largest eyewear manufacturer and the maker of Ray-Bans. Offers up to $10 billion are reportedly coming in for Starbucks' (SBUX) China business, according to CNBC. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.