Apple Inc. (AAPL), with a bit rise of +0.86% was stable at $132.05. The South Korean conglomerate, Hyundai, announced that it was in the early stages of negotiations with Apple on future electric vehicle collaboration, Yonhap cites an official at Hyundai. These conversations between the Californian giant and the Korean were also reported by the Korea Economic Daily. He also says that Hyundai will have finalized negotiations on a deal and would expect its president’s approval.
Amazon.com, Inc. (AMZN) was stable rising just +0.65% to $3182.7. The e-commerce giant has the right to take a 15.8 percent stake in Lion Electric for $5.66 per share, according to The Globe & Mail. The options were given to Leo as part of a deal announced last fall to deliver 10 Amazon vehicles.
The Blackstone Group Inc. (BX) remained stable slipping just -0.52% to $62.9 on Friday while The Carlyle Group Inc. (CG) rose by +2.19% to $32.16. Blackstone is working with Bill Gates-owned investment group Cascade Investment to buy British Signature Aviation, which is being courted by Carlyle, the biggest shareholder of which is Cascade.
The Boeing Company (BA) was down -1.32% to $209.9. To complete the inquiry by the U.S. Department of Justice into the two 737 MAX crashes that killed 346 persons in 2018 and 2019, Boeing will pay over $2.5 billion. In court cases, however, the party would not have to plead guilty. A $244 million criminal punishment is included in the sum declared by the ministry, as well as $1.77 billion in restitution and the establishment of a $500 million fund for the families of the victims. It had been immobilized for 20 months due to the two air crashes affecting the aircraft.
Micron Technology, Inc. (MU) was down -2.14% to $77.42. The chipmaker announced Thursday that, as demand heats up, fuelled by telecommuting and 5G, it expects quarterly sales to beat analyst expectations. In its second fiscal year, the U.S. pioneer in memory chips expects sales of $5.8 billion, plus or minus $200 million.