• Chrysler (part of Stellantis) is set to recall over 211,000 vehicles due to a software issue, as reported by the NHTSA. Additionally, Stellantis is proactively expanding its airbag recall to include other models.
  • Smurfit Kappa is canceling its secondary listing on Euronext Dublin following its merger with WestRock, opting to maintain listings in New York and London.
  • Ashtead Group is reportedly considering moving its listing from the UK to the US, according to the Telegraph.
  • Volvo Car (owned by Geely) is shifting its EV production to Belgium to circumvent Chinese tariffs, reports the Times.
  • Cineworld is exploring the sale of some of its UK operations, as per Sky News.
  • Prysmian has authorized a share buyback program worth 350 million euros.
  • Dormakaba is divesting its sub-Saharan operations.
  • ABB has filed for delisting from the US stock exchange.
  • Barry Callebaut has issued 700 million euros in bonds.
  • Roche has released positive data for its drug Evrysdi in treating spinal muscular atrophy.
  • BioArctic has received FDA acceptance for the biologics license application for Leqembi's intravenous maintenance dosage.
  • Walgreens has reportedly scrapped plans to take Boots public, according to Bloomberg.
  • CrowdStrike, KKR, and GoDaddy are joining the S&P 500 index, while Robert Half, Comerica, and Illumina are exiting the index.
  • Microsoft has unveiled all-digital Xbox consoles and showcased the game “Doom” at its Games Showcase.
  • Apple is set to announce new features at its Worldwide Developers Conference.
  • Tesla will not be launching a refreshed Model Y this year, as stated by CEO Elon Musk. Additionally, Norway's sovereign wealth fund plans to vote against Tesla's $56 billion payment to Musk.
  • Elliott has acquired a nearly $2 billion stake in Southwest Airlines and is pushing for changes to address the airline's underperformance.
  • Visa and MasterCard are facing new lawsuits in the UK over merchant fees.
  • Sharp's stock has risen 4% following SoftBank's announcement of plans to build a large-scale AI data center using Sharp's facilities.
  • Meta and Alphabet are impacted by New York's new law restricting social media platforms from providing “addictive” algorithmic content to minors without parental consent.
  • Noble is acquiring Diamond Offshore Drilling in a transaction valued at approximately $1.59 billion.
  • Humana's lawsuit against a Biden administration regulation on Medicare overbilling can move forward in Fort Worth, Texas, as decided by a federal judge.
  • Virgin Galactic successfully conducted a spaceflight carrying four passengers to the edge of space and back.
  • Berkshire Hathaway has increased its stake in Occidental Petroleum, now owning around 250.6 million shares.