Ford EV Recall, Oracle-TikTok Deal Update, and Nike Sales Warning

Ford Recalls Over 270,000 Vehicles

• ⚠️ Ford is recalling more than 270,000 electric and hybrid vehicles in the U.S. due to a parking function problem.
• 🚗 The recall affects certain F-150 Lightning, Mustang Mach-e, and Maverick vehicles, which could potentially roll away.

Oracle Nears TikTok Deal Completion

• 🤝 Oracle is moving closer to finalizing a deal to acquire part of the U.S. operations of TikTok.
• 💻 The parent company, Bytedance, has signed binding agreements to create a U.S. joint venture, but Chinese regulators have yet to approve the transaction.

Nike Sales Decline Amidst China Weakness

• 📉 Nike's shares fell after the company issued a warning that sales will decline this quarter.
• 🌏 This forecast is attributed to persistent weakness in the China market and within its Converse brand.

Golden Goose Acquisition

• 👟 Italian sneaker maker Golden Goose is set to be acquired by FG.
• 💰 While deal terms were not disclosed, Bloomberg estimates the acquisition to be worth more than $2.9 billion.