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OIL.STOCKS -2.30%
Oil Stocks – Down more than 1% across the board this morning as crude prices tumble to start the week, Morgan Stanley out this morning with a downgrade on the entire sector pointing to the recent, overextended rally. The move also comes ahead of more potential peace talks between Russia and Ukraine, Ukraine said it would seek to discuss a ceasefire, immediate withdrawal of troops and security guarantees with Russia after both sides reported rare progress at the weekend, despite fierce Russian bombardments. CVX, XOM, OXY, MRO, DVN

F.NY 0.56%
Ford Motor Co – Erased early gains to trade little changed, Ford said it will extend its current EV partnership with Volkswagen to enable the U.S. automaker to produce a second EV for European market based on its German rival’s platform. F will also double its planned volume of vehicles based on Volkswagen’s modular electric-drive platform, known as MEB, to 1.2 mln units over six years. Separately, the company forecast a 12% drop in U.S. sales this year, according to a report in Automotive News, citing people present at a meeting with dealers.

CHINESE.STOCKS -7.04%
Chinese Stocks – Under pressure again this morning after we learned Friday that the U.S. securities regulator continues to make moves to identify Chinese firms likely to be delisted from New York for not meeting auditing requirements is pushing more fund managers to exit their holdings and dimming the prospect for new listings in the near term. BABA, JD, BIDU, BILI, PDD

TSLA.NQ -1.06%
Tesla Inc – Extending losses from Friday’s session, the company’s Chief Executive Officer Elon Musk said on Sunday the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet also asked about inflation rate outlook and said his companies “are not alone”, retweeting an article saying the Ukraine-Russia conflict sent commodity prices to their highest levels since 2008. Russia’s invasion of Ukraine has been ramping up the prices of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill.

AAPL.NQ -1.59%
Apple Inc – The company’s supplier Hon Hai Precision Industry Known as Foxconn, says it suspended operations in China’s Shenzhen amid rising COVID-19 cases. Foxconn, which counts AAPL as one of its major customers and assembles a large number of iPhones, also says it will deploy backup plants to reduce disruption. Multiple Chinese provinces and cities have tightened restrictions, in line with Beijing’s zero-tolerance goal of suppressing contagion as quickly as possible, including the southern Chinese tech hub of Shenzhen.

UBER.NY -0.39%
Uber Technologies – The company said on Friday U.S. customers, excluding New York City, will have to pay a fuel surcharge from March 16 as the ride-hailing firm tries to address concerns of drivers and couriers hit by record high gasoline prices. Customers will have to pay a surcharge fee of either 45 cents or 55 cents on each Uber trip and 35 cents or 45 cents on each Uber Eats order, depending on their location.

MULN.NQ 28.15%
Mullen Automotive – Recent high flyer very active in premarket trading again this morning, the company was featured in a recent CarBuzz report highlighting its high-performance EV Crossover, the Mullen FIVE.

AGRI.NQ 15.89%
AgriFORCE Growing – The Canada-based AgTech company, has entered into an agreement to acquire Deroose Plants NV, a Belgium-based pioneering biotech company that propagates plants in its laboratories and nurseries.

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