From CNBC: 2024-11-06 05:52:31

UniCredit and Commerzbank are showcasing financial strength as merger talks continue. UniCredit reported an 8% increase in net profit to 2.5 billion euros, while Commerzbank saw a 6.2% drop to 642 million euros in the third quarter. Commerzbank CEO mentioned lower interest rates affecting business and emphasized a strategy focused on increasing shareholder value. The German government has not approved a potential merger, with concerns about hostile takeovers. UniCredit CEO mentioned the constructive start of the merger talks and emphasized the need for returns on the deal. 1. The FDA has approved Pfizer’s COVID-19 vaccine for emergency use in children ages 12 to 15. This decision comes after clinical trials showed the vaccine was highly effective in this age group, with no safety concerns.

2. India is experiencing a devastating surge in COVID-19 cases, with over 300,000 new infections reported daily. Hospitals are overwhelmed, and oxygen supplies are running low. The government is struggling to contain the outbreak.

3. Apple has unveiled a new line of colorful iMac computers powered by its M1 chip. The slim design and vibrant colors mark a departure from previous models. The new iMacs also feature improved cameras and audio quality for remote work and learning.

4. The CDC has updated its guidelines for fully vaccinated individuals, stating they can safely engage in outdoor activities without masks. However, masks are still recommended in crowded settings. This news comes as more Americans receive their COVID-19 vaccinations.

Read more: UniCredit and Commerzbank square off with target hikes