About this episode
Evergrande shares are suspended in Hong Kong markets following Chinese media reports that Hopson Development is set to swoop in for a $5.1bn stake of its property unit. In other M&A news, U.S. private equity company CD&R has snapped up UK supermarket chain Morrisons for close to $10bn and is reportedly looking to install former Tesco boss Sir Terry Leahy as chairman. CNBC learns that U.S. trade representative Katherine Tai will announce that Beijing is not complying with the Trump-era Phase 1 deal. And more from the UK’s driver shortage as the military is set to help ease the fuel delivery crisis but Prime Minister Boris Johnson says he will not soften immigration policy to resolve the problem. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .