• Novo slides despite plans: Novo (NVO) said on Monday that its next-gen drug, CagriSema, delivered 12.4% weight loss for people with diabetes, versus 9.1% for a low dose of Eli Lilly’s (LLY) drug. Novo is planning at least 5 new blockbuster drugs and targeting about $23B in pipeline sales by 2035. It's also partnering with Orbis Medicines in a deal worth up to $1.4B. However, shares fell as investors were hoping for stronger near-term growth plans. Sources: WSJ / Bloomberg / CNBC / Reuters.
• Greenland stocks surge on deal news: Greenland-linked stocks are surging after a U.S.-Denmark security framework raised hopes for greater U.S. mining access. Greenland Energy (GLND) jumped 150%, Greenland Mines (GRML) was up 69%, and Critical Metals Corp. (CRML) gained 26% premarket. Source: StockAnalysis.com.
• Paramount weighs California concessions: Paramount (PSKY) discussed a $1.5B California production investment and other concessions to settle a state-led lawsuit blocking its $81B Warner Bros. Discovery (WBD) merger. No final deal has been reached. Source: WSJ.
• SoftBank raises funds for OpenAI: SoftBank (TYO:9984) launched $10B and €1B in bonds to fund its next $10B OpenAI investment tranche and refinance a bridge loan. The offering could become Asia-Pacific’s largest nonfinancial corporate bond deal. Source: Reuters.
• Disney names first CTO: Disney (DIS) hired former Character.AI CEO Karandeep Anand as its first chief technology officer, effective Oct. 2, as it expands its AI, streaming, and technology initiatives. Source: CNBC.
• Google faces $463M privacy fine: Ireland’s privacy regulator fined Google (GOOGL) $463M (€403M) for GDPR violations involving location data processing from 2018 to 2020. Source: Reuters.
• Tesla faces major bias trial: Tesla (TSLA) is facing a California trial over allegations of widespread racial discrimination against Black workers at its Fremont plant. The EV maker could face millions of dollars in damages if found liable. Source: Reuters.
• Nissan eyes higher U.S. production: Nissan (TYO:7201) is considering adding third shifts at its U.S. plants, potentially doubling annual output to about 1M vehicles. Source: CNBC.
• Volkswagen rattles auto sector: Volkswagen (ETR:VOW3) plans 50,000 more job cuts and reduced its 2026 profit margin outlook to 1%, highlighting pressure from high costs, Chinese competition, and weaker EV profitability. Shares extended losses as the automaker exited the Euro Stoxx 50. Sources: Reuters / CNBC.
• Oura seeks $2.2B IPO: Smart-ring maker Oura (OURA) is seeking up to $2.2B in a U.S. IPO, targeting a $14.1B valuation at the top of its $40–$44 share range. Source: Bloomberg.
• ADARx targets $1.74B valuation: ADARx Pharmaceuticals (ADRX) is seeking up to $371.9M in a U.S. IPO at a $1.74B valuation. AbbVie (ABBV) plans to acquire about a 4.9% stake. Source: Reuters.

• Australia faces population slowdown: Australia expects population growth to slow to 0.9% annually over the next four decades, with deaths exceeding births by the 2060s, raising labor shortages and healthcare costs as immigration and fertility decline. Source: Reuters.
• Diesel shortage extends into 2027: Global diesel supplies are expected to remain tight into 2027 as wars in Iran and Ukraine disrupt flows and drain inventories. U.S. diesel stocks are at record seasonal lows, keeping fuel costs elevated for transport and industry. Source: Reuters.

• Ukraine launches record drone attack: Ukraine fired more than 1,000 drones at Russia on Saturday night, including 450 toward Moscow, damaging an oil refinery and other infrastructure. Source: PBS.
• Iran diplomacy hopes lift markets: Iranian President Masoud Pezeshkian is heading to New York for the UN General Assembly amid renewed hopes for diplomacy with the U.S. Source: CNBC.
• Typhoon Dujuan batters Japan: Typhoon Dujuan is battering eastern Japan with heavy rain and winds, prompting evacuation orders for more than 1.9M people. About 300 flights are cancelled. Source: BBC.
• U.S. & China discuss AI alerts: The U.S. and China discussed creating an AI notification system for national security risks and a broader AI dialogue ahead of President Xi Jinping’s Sept. 24 visit. Source: NY Times.
• World leaders gather at UN: About 120 leaders and senior officials are gathering in New York for the UN General Assembly, with conflicts involving Iran, Ukraine, and Gaza among key issues. President Trump is scheduled to address the assembly Tuesday. Source: NPR.

• United Russia retains Duma control: Vladimir Putin’s United Russia retained its constitutional majority with 57.8% of the vote and about 355 of 450 Duma seats, while anti-war Yabloko failed to enter parliament but gained a small regional foothold. Sources BBC / Reuters.
• Merz vows to stay after losses: German Chancellor Friedrich Merz vowed to remain in office and pursue economic, tax, and welfare reforms after his CDU party suffered major state election setbacks, including falling below 5% in Mecklenburg-Vorpommern. Source: BBC.

• ICE agent shoots man in Austin: An ICE officer shot and seriously wounded a Venezuelan man during a traffic stop in Austin. Federal authorities are investigating the shooting. Source: AP.
• News outlets sue over White House ban: CNN, MS NOW, and Politico are filing a lawsuit against the Trump administration, alleging that revoking their White House access over unfavorable coverage violates First Amendment and due process protections. Source: CNN.
• Trump adds military role to arch: President Trump said his proposed 250-foot Washington triumphal arch will double as a military complex housing drones, snipers, and ammunition, offering a new justification as the project faces a federal lawsuit. Source: WSJ.

• 8:30 AM: Chicago Fed National Activity Index
• Friday: Durable Goods Orders MoM

• There are no major recent earnings to report today, but you can check the earnings calendar for a complete list.

BIVAX Société Anonyme (ABVX) will report today after close.

• Analysts estimate revenue of $1.86M (-75.93% YoY).
• EPS is estimated to be -$1.08.
• Financials · As Reported · Metrics

AutoZone (AZO) will report tomorrow before market open.

• Analysts estimate revenue of $6.71B (+7.43% YoY).
• EPS is estimated to be $54.10 (+11.07% YoY).
• Financials · As Reported · Metrics

Cintas (CTAS) will report Wednesday.

• Analysts estimate revenue of $2.98B (+9.49% YoY).
• EPS is estimated to be $1.36 (+13.33% YoY).
• Financials · As Reported · Metrics

Paychex (PAYX) will report Wednesday.

• Analysts estimate revenue of $1.63B (+5.53% YoY).
• EPS is estimated to be $1.32 (+8.20% YoY).
• Financials · As Reported · Metrics

General Mills (GIS) will report Wednesday.

• Analysts estimate revenue of $4.35B (-3.81% YoY).
• EPS is estimated to be $0.72 (-16.28% YoY).
• Financials · As Reported · Metrics

Costco (COST) will report Thursday.

• Analysts estimate revenue of $94.85B (+10.09% YoY).
• EPS is estimated to be $6.52 (+11.07% YoY).
• Financials · As Reported · Metrics

Darden Restaurants (DRI) will report Thursday.

• Analysts estimate revenue of $3.21B (+6.71% YoY).
• EPS is estimated to be $2.05 (+4.06% YoY).
• Financials · As Reported · Metrics

TD SYNNEX (SNX) will report Thursday.

• Analysts estimate revenue of $18.79B (+20.05% YoY).
• EPS is estimated to be $4.62 (+29.05% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Sept. 23: Amaero Inc. (AMRO), a producer of titanium and refractory metal powders for defense and aerospace 3D printing with $12.48M in TTM revenue and 378.7% revenue growth YoY.
• Estimated Wednesday, Sept. 23: Bamboo Insurance Services, Inc. (BMB), a provider homeowners insurance as a managing general underwriter with $295.78M in TTM revenue and 36.9% revenue growth YoY.