German activewear giant Adidas says it is selling Reebok to Authentic Brands Group for up to 2.1 billion euros, equal to $2.46 billion. While Reebok has been with Adidas since 2006, the brand has struggled significantly more than its parent company during the pandemic. However, the CEO of Authentic Brands Group says the acquisition of Reebok will build on the brand's success. The deal is expected to be implemented in the first quarter of 2022.

Facebook announced it will delay a return to the office for its U.S. employees and some of its international workers due to the spike in COVID delta variant cases. Facebook had been set for a reopening in October, but now most employees can expect to return to the office by January 2022 at the earliest. The company joins other tech firms like Amazon and Lyft in pushing back its office return.

Production snags are causing Ford to delay deliveries of the Bronco SUV and Mustang Mach-E -- two of its most sought-after vehicles. The delays are due to a shortage in semiconductor chips for the mustang Mach-E, and a roof issue for the Bronco SUV. The roof problem has severely impacted production and could delay orders by months. As for the Mustang Mach-E, the delivery of vehicles could be delayed at least six weeks due to the global chip shortage that has impacted many automakers.