• London has decided not to sell its shares in NatWest for the time being.
  • Volkswagen's Chinese partner, SAIC, is to lay off 10% of the staff in their joint venture due to falling sales.
  • Baltika sues Carlsberg subsidiaries to recover $900m.
  • UBS to buy back $2bn of shares.
  • EQT nears $3bn deal for software maker Avetta, according to Reuters.
  • Swatch boss Nick Hayek turns 70 this year, but he's not thinking of hanging it up, he told NZZ.
  • Lonza hires Siegfried CEO Wolfgang Wienand.
  • Vestas wins several wind turbine orders.
  • AstraZeneca's anti-hemolysis drug approved by the FDA. Two shareholder advisory firms recommend against CEO Pascal Soriot's compensation plan.
  • ISS supports SoftwareOne board's plans.
  • Stabilus finalizes the purchase of Destaco.
  • Aker Carbon Capture wins a preliminary engineering contract for waste-to-energy plant in Norway.
  • Walt Disney appears to be gaining the upper hand over activist investors ahead of its AGM, according to the WSJ.
  • United Parcel Service replaces FedEx to become the USPS's main air freight supplier.
  • After Europe, Microsoft will unbundle Teams and Office worldwide. Microsoft and OpenAI plan to invest $100 billion in the Stargate AI supercomputer, according to The Information.
  • AT&T reveals that a data leak has affected nearly 73 million customers.
  • Advent buys Ryan Reynolds-backed fintech Nuvei for $6.3 billion.
  • Eli Lilly's weight loss drug Zepbound faces a shortage in the US.
  • After F1, American group Liberty Media (Liberty Broadband) takes over MotoGP.
  • DoorDash will provide on-demand delivery for Lowe's.
  • Tesla raises the price of Model Y cars in the USA by USD 1,000.
  • United Airlines faces overstaffing due to Boeing delivery delays.
  • 3M Company reports completion of demerger of healthcare business Solventum.
  • Banking regulators are investigating whether Blackrock , Vanguard and State Street are confining their investments in major US banks to a passive role, the Wall Street Journal reported on Tuesday.
  • Ford, General Motors - First-quarter auto sales rose by around 5% in the U.S., according to analysts, buoyed by a sustained appetite for crossover SUVs, pickup trucks and new vehicles.
  • PVH, which owns Calvin Klein and Tommy Hilfiger, fell 25.25% in pre-opening trading, as the group forecast earnings per share for 2024 below analysts' estimates and a stable operating margin of around 10%.
  • Warner Bros Discovery announced on Monday that two independent directors had resigned from its Board of Directors.
  • T. Rowe Price, which holds around 9.3 million shares in Walt Disney, said it had voted for the directors proposed by the group, while activist hedge funds Trian Fund Management and Blackwells Capital are seeking seats on the board.
  • General Electric on Tuesday completed its demerger into three companies, GE Aerospace, GE Vernova and GE Healthcare, each listed on Wall Street.
  • Shares of UnitedHealth, CVS Health and Humana tumbled in premarket trading after the US government kept reimbursement rates unchanged for providers of Medicare Advantage health plans.
  • Xiaomi soars in Hong Kong after unveiling its first electric vehicle.
  • Chinese developer Wanda sells 60% of its shopping center division for $8.3 bn.