(Reuters) -Prologis Inc, a warehouse-focused real estate income trust (REIT), said on Monday it would acquire peer Duke Realty Corp for about $26 billion, including debt, in an all-stock deal, making it one of the largest transactions in the booming REIT sector.

The chief executives of General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday urged Congress to lift a cap on the $7,500 electric vehicle tax credit, saying it will "provide much-needed certainty to our customers and domestic workforce," according to a letter seen by Reuters.

(Reuters) -Prologis Inc will acquire Duke Realty Corp in a nearly $26 billion all-stock deal, including debt, the companies said on Monday, as the world's largest warehouse owner seeks to bolster its portfolio amid concerns over cooling demand.

SEOUL (Reuters) -LG Energy Solution said on Monday it will invest 730 billion won ($567.76 million) to expand its production capacity at its Ochang production site in South Korea.

The benchmark S&P 500 was down more than 20% from its Jan. 3 record closing high in midday trading on Monday, as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession.

A bipartisan group of U.S. lawmakers urged U.S. Trade Representative Katherine Tai to push during World Trade Organization meetings this week for an extension of a moratorium on tariffs on digital trade that has been in place since 1998.