Capital One to Acquire Discover in $35B Deal; China Cuts Mortgage Rate to Aid Property Market; Attacks Force Ship Evacuation in Red Sea
• Capital One (COF) to acquire Discover Financial Services (DFS) in $35.3B stock deal, creating large new financial services company
• Deal expected to deliver over 15% EPS accretion for Capital One by 2027 and 16% return on invested capital
• China cuts benchmark mortgage rate by 25bps, biggest reduction ever, to support property market recovery
• Houthi missile attacks force cargo ship crew to abandon vessel in first such evacuation in Red Sea
• Airbus not concerned about threat from China's new C919 jetliner, says it "looks a bit like an Airbus narrowbody"