Corporate results:

• BP Plc: The group posted strong results due to high oil prices, despite taking a $25.5bn charge on the Rosneft exit deal.
• Pfizer on Tuesday confirmed its annual sales forecast for its COVID-19 treatment Paxlovid as well as for the vaccine developed with BioNTech, but revised its earnings per share forecast slightly downward to include certain expenses that were not previously recognized.
• Covestro: The chemical company is lowering its guidance for fiscal 2022 due to the COVID-19 blockage in China.
• Expedia - The online travel agency reported Monday a smaller-than-expected adjusted loss for the first quarter and said it was optimistic about the recovery of tourist travel this summer.
• Paramount Global, formerly ViacomCBS, reported weaker-than-market-forecast sales due to a decline in first-quarter TV advertising revenue.
• Dupont De Nemours - The industrial materials maker reported Tuesday a year-on-year decline in quarterly profit due to higher raw material and logistics costs, which were not offset by 6% price increases, and cut its annual sales and profit forecasts.
• Deutsche Post: The group announces a rise in its Q1 profits and confirms its forecasts.
• Logitech: Fiscal Q4 revenue down 20% to $1.23B. 2023 guidance is reduced.
• Norsk Hydro: Record Q1 profit exceeds forecasts.
• The Estee Lauder Company lowered its annual revenue forecast to take into account the impact of the recent confinements in China and the Russian invasion of Ukraine.

In other news:

• Citigroup acknowledged that one of its traders was behind the sharp drop in European stocks yesterday.
• Amazon will financially support its employees who would have to travel for an abortion.
• PayPal contributed to the EU's antitrust complaint against Apple in payments.
• Alibaba shares plunge 9% after a story about lawsuits targeting a Ma... who is not the group's founder Jack Ma. The stock recovered in the aftermath.
• Brussels is looking into suspected abuse of Apple's dominant position in mobile payments.
• Uniper is in talks with the German government and PJSC Gazprom on a ruble payment system.
• BMW and Mercedes to sell their car-sharing joint venture to Stellantis.
• AMS-Osram finalizes sale of its horticultural lighting business.
• Idorsia gets EU green light for Quviviq in insomnia.
• Fincantieri secures $4 billion cruise ship order from Norwegian Cruise Line.
• Morgan Stanley - The bank's German subsidiary was raided Tuesday as part of an investigation into "past activities," a group spokesman said. The prosecutor's office said the investigation was into a so-called "cum-ex" tax fraud case.
• Biogen announced Tuesday the resignation of its CEO, Michel Vounatsos, saying it had started to look for a successor.

Key earnings reports of the day: Pfizer, Advanced Micro Device, S&P Global, Airbnb, BP Plc, The Estée Lauder, Starbucks, BNP Paribas, Deutsche Post, Universal Music Group, Royal DSM, Logitech, Galp Energia, Demant...