Corporate results:

  • Berkshire Hathaway: quarterly net income of $6.7 billion is lower than expected, but it posted the largest operating profit in its history last year
  • PostNL: expects 2023 results to fall far short of expectations.
  • SES S.A.: the Luxembourg-based company expects 2023 revenues of €1.95-2bn and EBITDA of €1.01-1.05bn.

In other news:

  • Pfizer is in talks to buy Seagen for probably more than $30B, according to the WSJ.
  • Apple is reportedly replacing Lumentum with Sony for iPhone components.
  • Pioneer Natural Resources is reportedly eyeing Range Resources, according to Bloomberg.
  • Cvent Holding reportedly rejected an $8 per share offer from Blackstone.
  • Getinge under pressure after the prospect of CE mark suspension for two medical kits, for previously known but apparently poorly addressed issues.
  • Ford on Friday extended by at least a week the suspension of manufacturing of its popular F-150 Lightning electric "pickup", decided after a battery fire in early February.
  • Telecom Italia is asking KKR to raise its bid for its fixed network.
  • Ericsson to cut 8,500 jobs worldwide.
  • Anima Holding completes acquisition of 80% of Castello SGR.
  • China Renaissance's "missing" boss cooperates with an investigation by authorities, Beijing says.
  • Stabilus chairman sees room for acquisitions of up to €700m.
  • Tesla announced that its plant near Berlin, Germany, was producing 4,000 vehicles a week, three weeks ahead of schedule.
  • Broadcom is expected to receive a warning from the European Commission in the coming weeks about the possible impact of the VMware takeover on competition.

Today’s main earnings reports: Occidental Petroleum, Zoom Video, Bunzl, Acciona, SES S.A., Saipem, Fluidra, PostNL... All the agenda is here.