Nissan and Honda are said to be exploring a merger

Good morning. Nissan is said to be in merger talks with Honda. Nigel Farage says he is discussing with Elon Musk a potential political donation. And the top end of the art auction market plummeted in 2024. Listen to today’s top stories.

Nissan shares rose sharply in Tokyo, after people familiar said the company is in merger talks with Honda. Nissan would get some financial relief from a merger that doesn’t have much immediate benefit for Honda, according to Bloomberg Intelligence. Japanese automaker shares rose on the news. Renault’s position on any deal will also be in focus as it is Nissan’s largest shareholder. And Hon Hai is said to have approached Nissan about acquiring a controlling stake.