Sued. Amazon.com is the target of a lawsuit by three employees of one of its warehouses, who accuse it of having promoted the spread of the coronavirus by maintaining insufficiently safe working conditions. The e-commerce giant has also started discussions to acquire a stake of at least $2 billion in the Indian mobile phone operator Bharti Airtel, according to Reuters. It is also expanding its fleet of cargo aircraft by leasing 12 additional B767s from ATSG.

Doubts about Tiffany. New rumors have come out about the takeover of Tiffany by LVMH: the French group would like to renegotiate the purchase price downwards (such a rumor had already circulated a few weeks ago). At this stage, analysts believe that the very principle of the operation is not called into question. LVMH had planned to spend $16.2 billion to buy back the jeweler, to strengthen its diversification and take advantage of a player that is very well established, but which needs to be relaunched. LVMH published a brief press release which does not question the operation, but which specifies that there will be no repurchase of Tiffany shares on the market (i.e. is it too expensive?).

Del Vecchio on the maneuver. Leonardo Del Vecchio is not pushing for a merger of Assicurazioni Generali with AXA or Zurich Insurance, according to good sources obtained by Reuters, a scenario that has been evoked in the past. Del Vecchio, founder of Luxottica, is often presented as a potential architect of the reshaping of the Italian financial sector. He recently asked the ECB for permission to increase his stake in Mediobanca to 20%.

The end justifies the means. HSBC and Standard Chartered have officially endorsed the Beijing Security Law in Hong Kong. The two British overseas establishments thus intend to protect their activities in the city-state, which is particularly strategic for them. The Anglo-Saxon financial press reported this morning that this decision, although understandable, is in line with the British government's foreign policy and has provoked very mixed reactions from the staff of the two groups.

Rotation in the Footsie. Centrica, Meggitt, EasyJet and Carnival are leaving the London FTSE 100, replaced by Avast, GVC, Homeserve and Kingfisher, the London Stock Exchange has announced. The changes will be effective from June 22.

Bis repetita. Seadrill is not ruling out a second passage under the bankruptcy law in three years to renegotiate its debt. The share lost 34% in five sessions after the announcements on these new difficulties. The stock has plummeted 86.5% since January 1.

The White House favs. For what it's worth, the Trump administration's "favorites" for a Covid-19 vaccine are AstraZeneca, Johnson & Johnson, Moderna, Merck and Pfizer / BioNTech. So far, the political and media spheres have been much more optimistic than the pharmaceutical sphere about the vaccine schedule.

In other news. Costco Wholesale reports sales growth of 7.5% in May with online sales doubling. Standard & Poor's downgrades American Airlines' credit rating from "B" to "B-". The Warner Music share rose by 15% on its first day of listing, from USD 25 to USD 28.80. AMS shareholders rejected the semiconductor group's executive compensation plan. Like United Parcel Service, FedEx applies a tariff surcharge to its customers who are particularly active or who ship bulky items. Snap stopped promoting Donald Trump's account after finding that his comments could constitute incitement to racial hatred. Rolls-Royce will cut 3,000 jobs in the UK, half of them at its Derby site, the BBC has learned. Novartis is achieving positive results with Cosentyx against spondyloarthrosis. The FDA has validated a new test for Roche's response to Covid-19.