FLASH NEWS
LVMH $MC.PA French giant LVMH has struck a 10-year sponsorship deal with Formula One, covering its brands Louis Vuitton, Moët Hennessy and TAG Heuer, replacing long-time sponsor Rolex.

Exxon Mobil $XOM Energy company Exxon Mobil may move ahead with a plan to cut jobs at its Port Jerome refinery in northern France after winning a majority agreement with unions this week, a company spokesman said on Thursday.

Tesla $TSLA Tesla is reportedly planning to design 4 new versions of its own battery to power the Cybertruck, the upcoming Robotaxi, and other future electric cars.

Big moves in the business world! Excited to see what LVMH brings to Formula One and curious about Tesla’s new batteries.