Canada-U.S. protests come to an end, Lockheed Martin scraps Aerojet Rocketdyne acquisition, U.S. suspends avocado imports from Mexico

Yahoo Finance Live's Julie Hyman breaks down the latest top business headlines

Video Transcript

JULIE HYMAN: The Ambassador Bridge-- that's the one at the center of the Canadian trucking protests-- reopening late last night. The blockade lasted nearly a week. It started over COVID-19 mandates for truckers. The closure became problematic for trade as it's one of the busiest routes between the US and Canada. Several automakers were forced to idle production. The big three US automakers expect to resume normal operations today.

Meantime, Lockheed Martin scrapping its deal to acquire Aerojet Rocketdyne over antitrust concerns. The Federal Trade Commission filed a lawsuit last month to block the deal, saying Lockheed would use control of the rocket engine maker to hurt rival defense contractors. The deal was valued at $4.4 billion. It's the second major acquisition to fall apart in recent weeks after Nvidia and SoftBank called off their acquisition-- Nvidia's acquisition, that is-- of Arm Holdings.

And despite what the commercials say and what they said last night during the Super Bowl, there won't be avocados from Mexico coming to the US, at least in the immediate future. The US suspended imports over the weekend after a plant safety inspector was threatened.

The region that has the only full authorization for US exports is now a victim to drug cartel turf battles, while it's peak sales season for avocados. The import ban not having an effect on Super Bowl consumption since those avocados, obviously, had already been shipped. But keep an eye on that avocado pricing going forward.