U.S. president-elect Joe Biden has indicated plans to cancel the Keystone XL pipeline permit via executive action on his first day in office, CBC News' Kyle Bakx reports, citing sources. The words "Rescind Keystone XL pipeline permit" appear on a list of executive actions supposedly scheduled for Day 1 of Biden's presidency, the author notes. Reference Link

AstraZeneca's COVID-19 vaccine has been approved for emergency use in Pakistan, the health minister said, making it the first coronavirus vaccine to get the green light for use in the South Asian country, Reuters' Asif Shahzad reports. Reference Link

Facebook said it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20, according to Reuters. "We already prohibit ads for weapons, ammunition and weapon enhancements like silencers. But we will now also prohibit ads for accessories," Facebook said. Reference Link

A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai, Reuters' Rajendra Jadhav reports. The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party, causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India, the author notes. Reference Link

Janet Yellen is expected to affirm the U.S.'s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, The Wall Street Journal's Kate Davidson reports, citing Biden transition officials familiar with her hearing preparation. Reference Link

The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications company, Reuters' Karen Freifeld and Alexandra Alper report, citing people familiar with the matter. The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecommunications equipment maker, which it says is a threat to U.S. national security and foreign policy interests, the authors note. Reference Link

The Securities and Exchange Commission's reported investigation into how ExxonMobil values shale assets follows years of concerns about the industry's rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns, Bloomberg's Kevin Crowley and Rachel Adams-Heard report. Exxon is accused in a whistleblower complaint of inflating the value of a key asset in the Permian Basin and making drilling plans that were too optimistic, the publication notes. Reference Link

Apple (AAPL) has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung (SSNLF) and others, though it's planning only minor changes for this year's iPhone line, Bloomberg's Mark Gurman reports. The company has developed prototype foldable screens for internal testing, but hasn't solidified plans to actually launch a foldable iPhone, the author notes. The development work hasn't expanded beyond a display, meaning Apple doesn't yet have full handset prototypes in its labs, according to a person familiar with the work. Reference Link

State attorneys general are planning another lawsuit against Google (GOOG), this one focused on the search and advertising giant's Play Store for Android phones, according to Reuters, citing two sources familiar with the matter. The lawsuit is expected to be filed in February or March, the sources said, and it would follow complaints about Google's management of its Play Store even though the company was originally seen as more open about its app store than Apple (AAPL). Reference Link

General Motors will invest nearly $800M to bring production of the BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada, Bloomberg's Max Zimmerman and Michael Bellusci report. The investment will convert the factory into a large-scale electric delivery vehicle manufacturing plant to support GM's timing to deliver the EV600 in late 2021, the company. The agreement is subject to ratification with union Unifor and confirmation of government support. Reference Link

After more than quadrupling in value to more than $40B during the coronavirus pandemic, Peloton is now experiencing some serious growing pains, The New York Times' Sapna Maheshwari and Erin Griffith report. Some customers who ordered bikes as far back as October in expectation of having them for the holidays or in time to begin New Year's resolutions find themselves still waiting for deliveries, the authors note. While shortages of everything have become a pandemic norm, the complaints about Peloton are notable given the buzz surrounding the company and the cost of its luxury exercise products, the publication adds. Reference Link