we want to bring you a few corporate and market updates shares in clariant are higher. and sabic said a swiss chemical firm will hold a majority hold in the business. the cfo of clariant told cnbc earlier this morning the deal will bringing added value to shareholders >> it's clear a more profitable player by creating a new business which combines the best part of our plastic and coating business in terms of additives with a high performance polymer leader coming from sabbic. that's about value for the shareholder. i think sabbic bought the share of the activists out in january, and the shares have been transferred last week. and it gives stability it removes uncertainty for the group and gives stability by having an anchor shareholder, a second one which is represented in the board and allows us to build a group for the years to come based on growth, innovation and with increased profitability. >>> the u.s. justice department cleared cigna's acquisition of express scripts. the two companies say the merger will allow them to reduce costs by coordinating pharmacy and med

let's get the bloomberg business dubai.n to buy -- >> clariant has appointed a new ceo and will updatelastics division. that is asked to cathie of the companies sketched out how they will collaborate. -- as theow chemical outgoing ceo moves to a chairman role. the company expanded its board to 12 members. its is in talks to buy dubai-based rival. the rival atvalue $2.5 billion. the coveney's management is trying to convince shareholders of the merits of the sale. a spokesman for uber declared -- declined to comment. saudi arabia's sovereign wealth fund is to invest in lucid motors, having already taken a stake in tesla. the deal clinches funding needs for lucid to start making his first model. is behind schedule on building a plant to produce the cars, which are set to start at $60,000. >> we have found the most perfect strategic partner in the sovereign wealth fund of saudi arabia. we are so aligned with the objective to create the very and car in the world offering creation, which is going to change the eb landscape. ev landscape.e -- elon musk called a man a pedophile. apologized, b