President Biden said he would nominate Federal Reserve Chairman Jerome Powell for a second term. (WSJ)
Samsung plans to build a $17 billion dollar chip-making plant in Taylor, Texas. (WSJ)
U.S. home sales rose 0.8% in October from the previous month, the highest pace since January. (WSJ)
Tesla plans to launch its high-end Model S Plaid sedan in China next year. (WSJ)
Brooks Brothers owner Authentic Brands raised $3.5 billion and pushed back its initial public offering plans. (WSJ)
Target, Walmart and other retailers are closing their stores on Thanksgiving. (WSJ)
Air Canada increased cargo capacity through Vancouver International Airport as flooding in British Columbia disrupts supply chains. (Air Cargo World)
China is cornering the cobalt market through acquisitions in the Democratic Republic of Congo. (New York Times)
Abu Dhabi National Oil Company is considering taking its marine services, logistics and shipping arm public next year. (Reuters)
European Union member states and others blocked a resolution for the International Maritime Organization to set a zero-emissions target by 2040. (Lloyds List)
Startup Deliverr raised $250 million in backing for its e-commerce fulfillment technology, bringing its valuation to $2 billion. (TechCrunch)
Drone delivery startup Flytrex raised $40 million to accelerate its U.S. expansion. (Drone Life)
China Railway said China-Europe rail freight volumes rose 33% from the previous year. (The Loadstar)
Alabama-based flatbed operator Montgomery Transport added a nickel “driver shortage” surcharge over a 90-day period. (Commercial Carrier Journal).
Ocean Spray’s chief executive said consumers should consider using fresh cranberries because a shortage of cans could crimp supplies ahead of Thanksgiving. (Bloomberg)
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