Top Business Moves and Market Shifts Featured in Wall Street Journal

The Wall Street Journal reports major business and market updates including Alimentation Couche-Tard's takeover plans of Seven & I, Rocket's acquisition of Redfin, and Illumina cutting its financial forecast. Notable personnel changes and a tanker collision are also highlighted.

Alimentation Couche-Tard is pressing forward with its plans to take over Seven & I, amid uncertainties about 7-Eleven's business forecast delivering value to shareholders.

In real-estate news, mortgage giant Rocket has agreed to acquire Redfin for $1.75 billion. Meanwhile, Illumina is scaling back its financial forecast and slashing $100 million from its budget, following a sales ban on its gene-sequencing machines in China.

Personnel moves include Eric Schiele's departure from Kirkland & Ellis to lead global mergers at Paul Hastings. Additionally, a significant transaction may be on the horizon with Beacon Roofing Supply as discussions about a $7.7 billion acquisition by Brad Jacobs' QXO are underway. In an international incident, a tanker carrying jet fuel for the U.S. military collided with a container ship near England, causing fires and explosions on both vessels.

(With inputs from agencies.)