Earnings season. Walmart, Home Depot, Netease, Imperial Brands, Sonova, Julius Bär and Homeserve are among companies reporting their results today.

Mayer, from Disney to TikTok. Walt Disney's streaming boss Kevin Mayer is the new head of TikTok. Mayer is the "father" of Disney+, and he was disappointed not to take over the group's general management, recently entrusted to Bob Chapek, his alter ego in the group's amusement parks. TikTok belongs to Chinese company Bytedance Technology.

Uber still has a large workforce. Uber is going to cut another 3,000 employees. That's about a quarter of the company's workforce, which has been severely affected by the fall in passenger transport due to lockdown restrictions. "Given the dramatic impact of the pandemic and the unpredictable nature of any eventual recovery, we are focusing our efforts on our key mobility and delivery platforms and resizing our business to match the realities of our business," said Managing Director Dara Khosrowshahi. By the beginning of May, the company had already let go of 3,700 of its employees.

Stricter Nasdaq? The Nasdaq has planned to tighten its regulations on IPOs, in particular by restricting access to Chinese companies. For the moment, these are just rumors, based on information obtained by the Reuters agency. Chinese companies should not be specifically targeted, but the stock exchange operator is expected to protect itself behind accounting standards. At the same time, the Nasdaq could also set a floor for fund-raising, to prevent listing in the United States from being just a showcase.

Merger in sight. ThyssenKrupp has partly confirmed recent rumors that it was looking for a partner for its steel branch and its military shipbuilding division. In the steel industry, the names SAAB and Baosteel have been circulating, while Tata Steel is also reportedly still in the running despite the failure of the merger last year due to antitrust. "ThyssenKrupp is also examining possible consolidation solutions for the steel business and is keeping all options open," the company says.

Moderna makes the most from it. After announcing promising clinical results for its Covid-19 vaccine, Moderna launched a $1.3 billion capital increase. An obviously perfect timing after the craze shown by the stock yesterday, prolonging a period of stock market ostentation that has seen the laboratory quadruple in value since January 1.

Walmart reassures. Walmart's quarterly earnings and sales are above expectations, boosted by online sales. The stock was rising before the session, despite a downward revision of annual targets.

Kohl's is doing damage control. Kohl's blew hot and cold, with weak results but sales that deteriorated less than expected, which is being well received in the run-up to the stock market.

Home Depot is suffering. The do-it-yourself retailer reported weaker than expected figures and has given up on its targets.

EasyJet hacked. The company was the target of a "highly sophisticated" cyber attack that exposed the data of about nine million of its customers and the banking information of more than 2,000 people. EasyJet will communicate with each of the exposed customers.

In other news. Activity will partially resume as of today in Amazon.com's French warehouses. Alcon issues $750 million of 2.6% 2030 bonds. Compagnie Financière Richemont is placing €2 billion of bonds in three tranches. FDA approves Roche Holding's Tecentriq as a first-line monotherapy in the NSCLC. Moody's downgrades Carnival's debt to speculative grade. West Pharmaceutical replaces Helmerich & Pain in the S&P500. Sony Corp will buy out the minority shareholders of its financial division, Sony Financial Holdings. Salt and Sunrise join forces in fiber optics.