• Compass will reduce its workforce by about 10% amid a slowdown in the U.S. housing market.
  • BP Plc is hanging 40.5% and becomes the operator of an Australian solar and wind power project to produce green hydrogen.
  • Fedex soared 14% yesterday amid activist fund plans.
  • Deutsche Bank opens its own investigation into accusations of "greenwashing" targeting DWS.
  • Softbank may apply for a secondary listing line in London for ARM.
  • Clariant reports strong growth in Q1. Medium-term targets confirmed.
  • WH Smith targets top end of expectations for full year results.
  • MicroStrategy says it hasn't received a margin call on its Silvergate loan, even as the price of bitcoin has plummeted.
  • Hybe falls in Korea amid dissension in K-Pop group BTS.
  • Toyota, T-Mobile US, Sonova, International Consolidated Airlines and Konecranes hold their annual general meetings.
  • Qualcomm - The European Union's General Court, Europe's second-highest court, on Wednesday overturned a 997 million euro fine imposed on Qualcomm four years ago by the European Commission for securing exclusive chip supply to Apple.
  • Baidu - The Chinese search engine giant is in talks to sell its majority stake in IQIYI, a deal that could value the video-on-demand platform at about $7 billion, two people familiar with the matter said. In pre-market trading, Baidu was up 4% and iQIYI was down 4.7%.
  • Ford Motor is recalling 2.9 million vehicles because of a malfunction that prevents them from shifting into gear, the National Highway Traffic Safety Administration, the U.S. highway safety agency, said Tuesday.
  • Moderna - An expert panel unanimously recommended to the U.S. Food and Drug Administration (FDA) that Moderna's COVID-19 vaccine be approved for use in children and adolescents ages 6 to 17.
  • Pfizer announced Tuesday that it will halt enrollment in a clinical trial of its COVID-19 antiviral, Paxlovid, in normal-risk patients after a study showed the treatment was not effective in reducing symptoms in this group.
  • Warner Bros Discovery plans to cut nearly 1,000 jobs, or 30 percent of its workforce, in its advertising sales force, a source told Reuters on Tuesday.
  • The Boeing Company - U.S. and European civil aviation regulators plan to hold a meeting next week with Boeing over the 777X, which has yet to receive certification, the European Aviation Safety Agency (EASA) said Tuesday.
  • Continental Resources - Wells Fargo lowers its recommendation to "weight in line" from "overweight."
  • Cryptocurrency stocks may suffer as bitcoin falls to its lowest level since December 2020, $20,079.72. Software maker MicroStrategy is down 7.6 percent in pre-market trading and Coinbase is down 7 percent.
  • Hertz announced a new $2 billion share buyback program on Wednesday.

Main earnings reports today: Hennes & Mauritz, Clariant, Whitbread, WH Smith, Babcock... All the agenda here.