Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. JD.com (JD) announced that JD Logistics, a consolidated subsidiary of JD.com, through its indirectly wholly-owned subsidiary, has entered into a series of agreements in relation to the proposed acquisition of Deppon Logistics. Deppon is an integrated, customer-centered logistics company providing a wide range of solutions including Less-Than-Truckload transportation, Full Truck Load transportation, delivery services, and warehousing management in China. Pursuant to the transaction agreements, JD Logistics will acquire approximately 99.99% of the equity interest in Ningbo Meishan Baoshui Area Deppon Investment Holding Company Limited, which in turn holds a total of approximately 66.50% of the issued share capital of Deppon, for a total consideration of approximately RMB9.0 billion 2. Ukrainian President Volodymyr Zelenskiy on Sunday called on U.S. software firms Microsoft (MSFT) and Oracle (ORCL) and German business software group SAP (SAP) to halt support services for their products in Russia, according to Reuters. Meanwhile, WTW (WTW), a global advisory, broking and solutions company, announced it will withdraw from all of its businesses in Russia. 3. Commodity prices spiked all over the world this week and bullied global financial markets as investors fretted about recession, Steven M. Sears wrote in this week’s edition of Barron’s. Back in January, the publication had suggested that investors focus on companies that might be in secular bull markets and thus perhaps insulated from the increasingly erratic behavior that the stock market was starting to demonstrate. It recommended electric-vehicle giant Tesla (TSLA) and NOV (NOV), which makes equipment for oil and gas drilling and exploration. Given the stressed state of the world-and the recent shunning of Russian oil-investors might want to once again consider both stocks, if for somewhat different reasons than before, Sears said. This time around, the investment thesis is that natural resources could become even more important should nations essentially weaponize their commodities, he added. 4. AT&T (T) subsidiary Warner Bros.’ “The Batman” won this weekend’s box office with another $66M in its second outing for a 10-day domestic total of $238.5M. Overseas, the movie earned another $66.6M from 76 markets for a foreign cume of $224.7M and $463.2M globally. The Batman has been well received by critics and earned an A- CinemaScore from audiences. 5. FMC (FMC) and Equinor (EQNR) saw positive mentions in this week’s edition of Barron’s.
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