Highlights:

• Walmart will pay out 121% of annual bonuses to corporate staff, reflecting strong retailer performance and share gains. Bloomberg Industries

• Gold is benefiting as a hedge against concerns about US political turbulence. Bloomberg Wealth

• Live Nation is seeking to pause its DOJ antitrust case a week before trial to appeal a ruling that declined to throw out the case. Bloomberg Industries

• Generate Biomedicines, an AI-focused biotech firm backed by Flagship, is seeking $425 million in an IPO as biotech listing activity accelerates. Bloomberg Industries

• Bank of Montreal CEO says market reaction to the US Supreme Court's tariff ruling has been "pretty subdued" after over a year of trade shocks. Bloomberg Industries

• West African crude traders are offering deep discounts due to soaring freight costs and unfavorable price spreads eroding Asian buyer demand. Bloomberg Industries

• Westbank Projects, a Canadian luxury condo developer, was struggling with losses and project delays as of September, according to a lawsuit from a former executive. Bloomberg Wealth

• Domino's Pizza shares jumped premarket after reporting better-than-expected comparable sales growth driven by budget-friendly menu offerings. Bloomberg Industries

• Turkey's M&A volume surged in 2025 as large-scale transactions and investor confidence rebounded, per Deloitte. Bloomberg Industries

• Merck is splitting its main pharmaceutical unit in two to prepare for the approaching patent expiry of its best-selling drug. Bloomberg Industries

• Gilead Sciences agreed to acquire cancer-focused biotech Arcellx for up to $7.8 billion to strengthen its drug pipeline. Bloomberg Industries