Johnson Controls' subsidiary agreed to a $750 million settlement with U.S. public water organizations over "forever chemicals" found in its products, without admitting liability.

Elliott Investment Management has acquired over $1 bn stake in Johnson Controls (JCI), whose recent performance has lagged behind peers Carrier and Lennox.

Nippon Steel will send an executive to the U.S. next week to finalize its ~$15B acquisition of US Steel, amid competing bids from Cleveland-Cliffs and ArcelorMittal.

Spanish utility Iberdrola has agreed to buy the remaining 18.4% stake in Avangrid for $2.55 billion at $35.75 per share.