Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Tariffs] The E.U. is set to impose sanctions on U.S. firms such as Boeing of $3.99 billion as part of a long-running trade dispute. The E.U.'s action follows the World Trade Organization's decision in 2019 to authorize U.S. imposed tariffs of $7.5 billion on Airbus S.E.
[M&A] Streetwear brand Supreme is being sold to VF Corp in a deal worth $2.1 billion. V.F. Corp is the parent company of brands such as The North Face and Vans.
[Technology] After years of regulatory hurdles, Facebook announced that WhatsApp gained approval from the National Payment Corporation of India to offer payment services to users via the application. This comes in furtherance of Facebook's increasing expenditure in India, where it recently invested $5.7 billion into Jio Platforms. Over60: CNN Business
[Oil] U.S. crude spiked 11% to $41.22 a barrel due to Pfizer's announcement of a breakthrough in its coronavirus vaccine. The rally comes after a difficult few months for the industry, given the pandemic caused an unprecedented collapse in demand for jet fuel and gasoline.
Over60: CNN Business