U.S. president-elect Joe Biden has indicated plans to cancel the Keystone XL pipeline permit via executive action on his first day in office, CBC News' Kyle Bakx reports, citing sources. The words "Rescind Keystone XL pipeline permit" appear on a list of executive actions supposedly scheduled for Day 1 of Biden's presidency, the author notes. Reference Link

AstraZeneca's COVID-19 vaccine has been approved for emergency use in Pakistan, the health minister said, making it the first coronavirus vaccine to get the green light for use in the South Asian country, Reuters' Asif Shahzad reports. Reference Link

Facebook said it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20, according to Reuters. "We already prohibit ads for weapons, ammunition and weapon enhancements like silencers. But we will now also prohibit ads for accessories," Facebook said. Reference Link

A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai, Reuters' Rajendra Jadhav reports. The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party, causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India, the author notes. Reference Link

Janet Yellen is expected to affirm the U.S.'s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, The Wall Street Journal's Kate Davidson reports, citing Biden transition officials familiar with her hearing preparation. Reference Link

The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications company, Reuters' Karen Freifeld and Alexandra Alper report, citing people familiar with the matter. The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecommunications equipment maker, which it says is a threat to U.S. national security and foreign policy interests, the authors note. Reference Link

The Securities and Exchange Commission's reported investigation into how ExxonMobil values shale assets follows years of concerns about the industry's rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns, Bloomberg's Kevin Crowley and Rachel Adams-Heard report. Exxon is accused in a whistleblower complaint of inflating the value of a key asset in the Permian Basin and making drilling plans that were too optimistic, the publication notes. Reference Link

Apple (AAPL) has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung (SSNLF) and others, though it's planning only minor changes for this year's iPhone line, Bloomberg's Mark Gurman reports. The company has developed prototype foldable screens for internal testing, but hasn't solidified plans to actually launch a foldable iPhone, the author notes. The development work hasn't expanded beyond a display, meaning Apple doesn't yet have full handset prototypes in its labs, according to a person familiar with the work. Reference Link

General Motors will invest nearly $800M to bring production of the BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada, Bloomberg's Max Zimmerman and Michael Bellusci report. The investment will convert the factory into a large-scale electric delivery vehicle manufacturing plant to support GM's timing to deliver the EV600 in late 2021, the company. The agreement is subject to ratification with union Unifor and confirmation of government support. Reference Link

Big, new single-family houses are looking more inviting as the pandemic puts a premium on living space, Andrew Bary writes in this week's edition of Barron's. As the nation's largest luxury-home builder, Toll Brothers is ideally positioned to take advantage of this shift toward bigger, more expensive housing, the analyst notes, adding that its stock, in contrast to its inventory, is inexpensive. Reference Link

Investors looking to make a bet on an industrial bounce back could do worse than buy 3M, Ben Levisohn writes in this week's edition of Barron's. Its stock has dropped 7.9% over the past 12 months, the author notes. But with 3M scheduled to report earnings later this month, the stock could be set for a move higher, he argues. Reference Link

Just over twenty years ago, Pat Gelsinger became Intel's (INTC) first-ever chief technology officer and now he is back, with the CEO job he presumably wanted all along, Max Cherney writes in this week's edition of Barron's. Gelsinger has his work cut out for him, the author adds, noting that a series of manufacturing problems at Intel have allowed rivals AMD (AMD) and Nvidia (NVDA) to take share in key chip markets. Gelsinger's appointment is a step in the right direction, but a rebound will still take time, the publication contends. Reference Link

Business continues to get worse for GameStop (GME), with the videogame retailer saying that its holiday sales were down 3.1%, Connor Smith writes in this week's edition of Barron's. Nonetheless, shares rose a stunning 101% on the week. The trigger for the rally seemed to be news Monday that Chewy (CHWY) co-founder Ryan Cohen would be joining GameStop's board of directors, along with two former Chewy executives, the author notes. GameStop was primed for a short squeeze, in which short sellers faced with high borrowing costs and accumulating losses are forced to buy shares to cover their bearish bet, he argues, adding that the rush to buy can lead to nosebleed pops, until reality sets in. Reference Link