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The Federal Trade Commission (FTC) is suing to block Tapestry's acquisition of Capri Holdings, citing concerns over reduced competition in the "accessible luxury" handbag market. Tapestry insists the deal is pro-competitive and beneficial for consumers, while Capri Holdings strongly disagrees with the FTC's decision.

Blackstone's rival takeover proposal for Hipgnosis Songs Fund has caused a surge in share price, with Liberum believing that their higher bid holds better value for shareholders compared to Concord's offer. Hipgnosis is inclined to recommend Blackstone's offer if it becomes formalized.

Summary: Disney Entertainment CTO Aaron LaBerge is leaving for personal reasons, with a replacement search ongoing. LaBerge will assume the role of Chief Technology Officer at PENN Entertainment effective July 1, 2024, overseeing technology strategy and a team of technologists.

Tesla faces challenges with sliding stock prices, the decision to deprioritize a cheaper electric vehicle, and significant layoffs under CEO Elon Musk. The upcoming quarterly earnings report is critical amidst market declines, with expectations of Tesla's worst quarter. Investors await further details on Musk's ambitious projects.

Grindr, a popular LGBTQ+ dating app, is facing a high court action in London as users accuse the company of sharing sensitive medical information, like HIV status, with third parties without consent, potentially impacting its market perception.

Li Auto (NASDAQ: LI) is facing a price war in the Chinese EV market, leading to a 5% price cut on four models and a refund offer. Despite an investigation and stock decline, Li Auto's decision to compete with Tesla is viewed positively for its growth and market share potential.

CoStar Group, Inc. (NASDAQ: CSGP) announced the definitive agreement to acquire Matterport at $5.50 per share, totaling $1.6 billion. This acquisition is set to enhance Matterport's AI and Digital Twin technology development, leading to a 180% surge in Matterport shares.

Express Inc. received a non-binding letter of intent from WHP Global to potentially sell a substantial majority of its retail stores. Meanwhile, the company has filed for Chapter 11 bankruptcy, intending to close over 100 stores as part of its restructuring efforts.

Albertsons Companies, Inc. (NYSE: ACI) announced positive financial results for Q4 and full-year 2023, beating profit estimates. Additionally, Kroger and Albertsons amended their divestiture plan with C&S Wholesale Grocers to include more stores and facilities, aiming to enhance competition and address regulatory concerns.

Salesforce's attempted acquisition of Informatica fell through due to disagreements on terms, causing both companies' stocks to drop. Salesforce shares initially surged over 3.5% in pre-market trading after walking away from the deal. Informatica clarified on Monday that discussions on acquisition are not ongoing.