Blue-chip companies are expected to storm primary markets next week before sales taper in a typical December lull even as investors focus on a new coronavirus variant that sparked a global rout on Friday.

A Delaware bankruptcy court should reject Lowenstein’s Sandler LLP’s senior claims for $685,000 in attorney fees in the bankruptcy proceedings of a Medley Management Inc. unit, the SEC and the Justice Department said.

Corporate credit joined the global markets selloff on Friday, with cruise lines, car renters and movie theaters bearing the brunt as virus variant fears zoomed into focus.

Bankrupt drug manufacturer Teligent Inc. has found initial bidders to purchase its assets in three separate sales for a total of $64 million.

Travel and leisure company bonds were some of the biggest losers in the high-yield market on Friday as markets sunk after a new Covid-19 variant was identified in South Africa.

China Evergrande Group Chairman Hui Ka Yan cut his stake in the company for the first time since it went public in 2009, the latest sign he’s liquidating personal assets to help stave off a default by the world’s most indebted developer.

Singaporean businessman Ng Yu Zhi, who is at the center of an alleged $1.1 billion nickel trading scam, was sued by the liquidators of his Envy Group for damages totaling about S$517.4 million ($377.3 million), according to a court document.