Daily's Pre-Market: Meta, Spirit Airlines, Apple, Ukraine, and Shein

Sheryl Sandberg says she’s leaving Meta’s board

Former Meta operating chief Sheryl Sandberg said Wednesday that she’s leaving the company’s board of directors.
“With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May,” Sandberg wrote in a Facebook post.

A U.S. District Court judge blocked JetBlue’s proposed $3.8 billion acquisition of Spirit on antitrust grounds.
Spirit could be forced to restructure, drop its fares or even liquidate, industry-watchers said.
Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.

A federal appeals court will allow a ban on Apple Watch Series 9 sales to resume on Thursday.
A patent dispute between Apple and technology company Masimo over blood oxygen senor technology has intermittently disrupted sales of Apple’s latest smart watch.
The resumed ban does not resolve Apple’s appeal to overturn the International Trade Commission’s decision.

House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer said their White House meeting with President Joe Biden on Ukraine aid and border security was productive.
Congressional Republicans and Democrats have been at a stalemate for months on Biden’s proposed funding package, which would primarily provide aid to Ukraine and Israel.
Congress this week is also scrambling to pass a stopgap funding bill to avert a government shutdown by Friday.

China’s powerful internet regulator is conducting a security review of Shein.
The review squarely positions Shein as a Chinese company despite its many efforts to distance itself from the country where it was founded.
To move forward with its IPO, Shein will need the blessing of both Washington, D.C., and Beijing.