UAL - Hot Stocks: COVID drags on airlines; no deal for PSTH; CRM WORK merger approved; ZM to buy FTVN

Matteo Colombo/DigitalVision via Getty Images It's a modified Merger Monday. M&A activity took center stage as the trading week got set to begin. However, not every headline related to deal announcements. In fact, the biggest news of the morning involved a transaction that won't take place. Bill Ackman’s Pershing Square Tontine (PSTH) announced that it was pulling out of its deal to purchase a stake in Universal Music. Another high-profile deal had better news on Monday. Salesforce (CRM) said its planned acquisition of Slack Technologies (WORK) has received approval from the U.S. Department of Justice. A newly announced deal also received some attention before the opening bell. Zoom Video Communications (ZM) has reached an agreement to acquire cloud contact center provider Five9 (FIVN). Deal making (and deal-breaking) may have driven moves in individual stocks on Monday. But the general market largely responded to increased worries about the Delta variant of

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Hot Stocks: COVID drags on airlines; no deal for PSTH; CRM, WORK merger approved; ZM to buy FTVN