trending Market Intelligence /marketintelligence/en/news-insights/trending/plCDVq5WomxfL7dnFVGhzA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

DraftKings to go public; China refutes forced labor allegations

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


DraftKings to go public; China refutes forced labor allegations

TOP NEWS

* DraftKings Inc. will go public after it signed a merger agreement with special purpose vehicle Diamond Eagle Acquisition Corp. and sports betting and gaming technology company SBTech (Global) Ltd. The combined company will have a market cap of about $3.3 billion on closing and will be led by DraftKings CEO Jason Robins.

* China refuted allegations of forced labor at a Shanghai prison following reports that Christmas cards were packed by inmates, Reuters reported. Tesco PLC suspended production at a Chinese factory, saying it abhors the use of prison labor and would not allow it in its supply chain. Separately, H & M Hennes & Mauritz AB investigated whether its products were made in a Chinese jail and warned its suppliers in China to not use prison labor after a former British inmate said he saw prisoners working with the H&M logo, The Times reported.

MULTILINE RETAIL

* Harrods Ltd. is planning to open its first store outside the U.K. in Pudong, China, in 2020, Retail Gazette reported.

* JD Sports Fashion PLC defended its acquisition of Footasylum PLC, which is under investigation by the U.K. antitrust watchdog, stating that the takeover will benefit customers. "The merger generates a number of efficiencies including the preservation of Footasylum's existing brand supply that will, as a result, benefit consumers," JD Sports said in its statement to the U.K. Competition and Markets Authority. The CMA issued an interim order against JD Sports proceeding any further with the planned acquisition until it concludes the second phase of its investigation.

* Hudson Ltd. and Dufry AG won an eight-year duty-free retail contract at Toronto Pearson International Airport, which will be effective from June 2022 to June 2030.

INDUSTRY NEWS

* Intu Properties PLC and Canada Pension Plan Investment Board agreed to sell the Intu Puerto Venecia Shopping Centre in Zaragoza, Spain, for €475.3 million. Intu expects to receive net proceeds of about €115 million excluding debt repayments, taxes and working capital adjustments from the deal, which is expected to close in early 2020.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng decreased 0.15% to 27,864.21, and the Nikkei 225 was up 0.04% to 23,830.58.

In Europe, around midday, the FTSE 100 was up 0.09% to 7,630.15, and the Euronext 100 climbed 0.13% to 1,154.45.

On the macro front

The Redbook index for retail sales and Richmond Fed Manufacturing Index reports are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

The Daily Dose is updated as of 8 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.