All three major US stock indexes were edging lower in late-morning trading Monday as November Institute for Supply Management's US manufacturing index declined unexpectedly from October.
In company news, Synopsys (SNPS) said it has expanded its strategic partnership with Nvidia (NVDA) to link its engineering software more closely to the chipmaker's AI and accelerated computing platforms. Nvidia bought $2 billion of Synopsys common stock at $414.79 per share as part of the agreement. Shares of Synopsys were up 3.7% and Nvidia added 1.5% in recent trading.
Goldman Sachs Group (GS) said it has agreed to acquire Innovator Capital Management in a $2 billion transaction, payable in a mix of cash and equity contingent on meeting certain performance targets. The deal is set to close in Q2 of 2026. Goldman Sachs' stock was down 1.3%.
Strategy (MSTR) shares were down 11% in recent trading after the company said it has set up a $1.44 billion US dollar reserve to support dividend payments on its preferred stock and interest on outstanding debt. Strategy also said it now expects a diluted loss of $17 per share to diluted earnings of $19 per share for fiscal 2025.
Starbucks (SBUX) will pay more than $35.5 million in restitution to over 15,000 workers and $3.4 million in civil penalties in settlement of New York City's Fair Workweek Law Violation, Mayor Eric Adams and Department of Consumer and Worker Protection Commissioner Vilda Vera Mayuga said. The settlement follows a multi-year investigation by the department that found Starbucks committing over 500,000 violations of scheduling rules, including not giving workers stable schedules or chances to take extra hours. Shares of Starbucks slipped 1.3%.
UBS (UBS) faces claims that it and its Credit Suisse unit failed to stop suspected money laundering tied to loans to Mozambican state-owned companies, Switzerland's federal prosecutor said. Shares of UBS added 0.1%.
Tesla (TSLA) has sold more cars in Norway in 2025 than any automaker has ever managed in a full year, Reuters reported, citing published registration data. The company's November registrations in France slumped 58% from a year earlier to 1,593 vehicles. The decline was 49% to 534 in Denmark and registrations in Sweden fell by 59% to 588, the report added. Tesla's stock dipped 0.5% in recent trading.
Bausch Health Companies (BHC) shares climbed 14.2% in recent trading after the company said its aesthetic business, Solta Medical, has completed the acquisition of Wuhan Shibo Zhenmei Technology, its long-time distribution partner in China.
Price: 179.56, Change: +2.58, Percent Change: +1.46