Paulina Duran

The news: Elliott Investment Management disclosed it has built a stake worth over US$5 billion ($7.64 billion) in Honeywell International and is urging the North Carolina-based conglomerate to split its aerospace and automation units.

The news: Europe's largest energy company, Shell, won its appeal against a 2021 ruling by The Hague District Court, which required the company to reduce carbon emissions by 45% by 2030 from 2019 levels.

Plus: Trump taps China hawks Rubio and Waltz for key posts; Jim Chalmers unveils $900m productivity fund; Elliott pushes Honeywell split in biggest bet yet.

The news: US consumer prices rose 0.2% in October, according to the Labor Department, in line with forecasts.

The news: President-elect Donald Trump met President Joe Biden at the White House, marking his return to the centre of American power he reluctantly left four years ago.

Plus: US inflation ticks higher driven by rent costs; Employment Hero staff raise alarms over ‘vile workplace and ‘fear culture'; Bitcoin rockets past US$90k as Trump taps Musk for DOGE role.

The news: Republicans secured control of the US House with a victory in Arizona and an earlier California win, achieving a 218-seat majority.

The news: Satirical outlet The Onion acquired Alex Jones' Infowars with the support of families of Sandy Hook shooting victims, to whom Jones owes nearly US$1.5 billion ($2.32 billion) in defamation damages.

The news: US producer prices increased 0.2% in October, driven by higher service costs, including a 3.6% rise in portfolio management fees and a 3.2% jump in airline fares, data from the US Bureau of Labor Statistics showed.

Plus: Trump's Republican party wins full Congress control; US producer prices rise stoking stubborn inflation fears; The Onion buys far-right InfoWars in satirical overhaul.