Alibaba announces new leadership

Alibaba Group (BABA) Announces Chairman and CEO Succession Plan (00:25). Biden sees progress in U.S.-China ties after Blinken meets Xi Jinping (00:53). New York Stock Exchange President sees Cava (CAVA) debut ending drought of IPOs (01:40). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Intel's €30B investment to be single largest FDI in German historyIBM and Adobe collaborate to provide a content supply chain solution using generative AIAirbus receives record order for 500 planes from India's IndiGoNAHB homebuilder sentiment index in positive after 11 monthsTeleperformance gets new executive chiefAvanos agrees to acquire Toronto-based Diros Technology