NATO members meet in Brussels and double down on criticism of Chinese expansionism. Moscow is also labelled a security threat. U.S. President Joe Biden fired a warning to Russian President Vladimir Putin over the welfare of jailed opposition politician Alexei Navalny. The U.S. and the EU are reportedly set to end a 17-year feud over aircraft subsidies. In the UK, Prime Minister Boris Johnson delays ‘Freedom Day’, keeping the country locked down by up to a month to combat the spread of the Indian variant. And in M&A news, Third Point’s Daniel Loeb and Pershing Square’s Bill Ackman vie for French media group Vivendi as it looks to spin off Universal Music Group.