Fly Intel: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Chick-fil-A, the largest U.S. chicken-restaurant chain, sued Tyson Foods (TSN) and several other top American poultry producers, accusing them of illegally coordinating with one another to keep prices high, Bloomberg’s Michael Hirtzer reported. Chick-fil-A is the latest to join in the years-long antitrust litigation accusing poultry companies of fixing prices beginning in 2008 and continuing for about a decade, the author notes. Target (TGT) filed also filed a lawsuit this month, joining others including grocer Fresh Market and convenience-store chain Wawa. Named in the latest complaint are the top three U.S. chicken makers – Tyson, Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) – as well as others, the publication added. 2. Pfizer India has applied to India’s drug regulator for emergency-use authorization for its COVID-19 vaccine, after the company’s parent received clearance for the treatment from Britain and Bahrain, Bloomberg’s Baiju Kalesh wrote, citing Press Trust of India. Pfizer (PFE) is the first drugmaker to seek the approval in India and submitted the application on Dec. 4, the report said. 3. Airbnb (ABNB) could be one of the hottest initial public offerings of the year, Andrew Bary wrote in this week’s edition of Barron’s. With its asset-light business model and global presence, the company is poised to benefit from a rebound in travel, the author noted. While the proposed market value of Airbnb – around $30B at the top of the proposed pricing range of $44-$50 a share – isn’t cheap, valuation looks reasonable given the company’s market position, scarcity value, brand power, and global opportunity at a time when investors regularly value exciting growth companies at considerably more than 10 times annual sales, Bary added. 4. JD.com (JD), China’s second-biggest online retailer, will become the country’s first virtual mall to use digital yuan, the cryptocurrency backed by the central bank, according to Bloomberg. JD Digits, the e-commerce giant’s fintech affiliate, will launch a pilot program this month, and customers will pay for certain items with digital yuan, it said on its official WeChat account. 5. DoorDash (DASH) was mentioned cautiously in this week’s edition of Barron’s.