Comcast will face down rivals Disney and Fox for the final piece in a months-long, multi-billion dollar takeover battle to create a transatlantic media empire, but the three-round auction may not be the final act in the long-running drama to control Britain's Sky plc.

Global stocks extended gains again Friday, following on from last night's record-setting session on Wall Street, as investors took advantage of a weaker dollar and a lull in the U.S.-China trade war to return to riskier markets ahead of next week's Federal Reserve meeting and the final trading days of the third quarter.

Micron shares fell sharply in pre-market trading Friday after the chipmaker said President Donald Trump's decision to apply tariffs on certain China-made imports would trim the group's quarterly profits.

But there are still holes in the incentive system. See what those are.

Should you rule in or rule out investing in CEFs based on whether it's trading at a discount or premium to NAV?

U.S. stock futures suggest Wall Street is primed Friday for another day of all-time highs; Micron slumps after issuing a lower-than-expected outlook; Apple's new iPhone models hit store shelves; Tesla reportedly will lose another key executive.

Zhang Shidong in Shanghai shidong.zhang@scmp.com

From its announcement in the early 2000s to its debut on Sunday, there have been some bumps on the line

Talks now focused on sorting out differences in the two regulatory systems involved, and the flow of funds between accounts on either side

Laura He laura.he@scmp.com