Diamonds and Dogs
GM (GM) reaffirms guidance. The carmaker is up 3% as GM reaffirms their outlook and sees the chip shortage easing next year. Jacobson also said he expects the carmaker to recover the estimated $1 billion cost linked to the recall of Chevy Bolt batteries from Korea-based manufacturer LG Chem Ltd.
It's a rare day when Apple (AAPL) is the dog of the day. Apple is down 2% as a US judge issues a ruling on antitrust case against Epic Games (Fortnite), finding Apple conducted anti-competitive, anti-steering provisions, but does not find Apple as an antitrust monopolist in the submarket for mobile gaming transactions.
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