Waymo, a subsidiary of Alphabet Inc. $GOOG, has suspended its self-driving taxi service in downtown Los Angeles after multiple vehicles were set on fire during protests against immigration raids. At least five autonomous cars were damaged, according to KTLA. The company stated it does not believe it was specifically targeted but removed its vehicles following a directive from the Los Angeles Police Department (LAPD). Operations in the area are paused indefinitely.

The victory of Donald Trump in the presidential elections initially positioned Tesla Inc. $TSLA as a beneficiary in investors' eyes. However, this perception has been challenged as the alliance between Trump and high-profile tech entities begins to unravel. Recent developments surrounding a tax and spending bill incited a public dispute between Trump and Elon Musk, escalating concerns about federal contracts and subsidies.

Chart Industries Inc. $GTLS and Flowserve Corp. $FLS, two prominent players in the industrial engineering sector, have agreed to a strategic merger, forming a new entity valued at approximately $19 billion. According to yesterday’s official statement, Chart shareholders will receive 3.165 shares of Flowserve for each Chart share they hold. This transaction structure grants Chart investors a majority position of 53.5% ownership in the future enterprise, marking a significant development in market consolidation.