North America:

  • Boeing shares drop significantly following a crash in Ahmedabad, India, resulting in over 200 fatalities.
  • Meta Platforms Inc. faces multiple legal and regulatory challenges, including a lawsuit against Crushai and scrutiny from its Oversight Board.
  • Oracle raises revenue forecast and reports significant earnings increase, driven by AI cloud services demand and a major contract with Temu.
  • OpenAI is in discussions to raise $40 billion with investors from Saudi Arabia, India, and the UAE, and plans a $17 billion raise in 2027.
  • CSX locomotive engineers ratify a five-year collective bargaining agreement covering 3,400 workers.
  • Bristow Group expands partnership with Vertical Aerospace to accelerate commercial air taxi services.

Europe:

  • Airbus revises its 20-year demand forecast upwards despite supply chain delays and anticipates strong orders at the Paris Air Show.
  • TotalEnergies subsidiary Saft secures a contract for a 1 gigawatt-hour battery energy storage system in Fukushima, Japan.
  • UniCredit faces an Italian court rejection of its appeal against the suspension of its bid to acquire Banco BPM.
  • Stellantis chairman suggests Europe adopt 'kei cars' to boost consumer demand, while introducing battery swap technology in Madrid.
  • BE Semiconductor Industries (Besi) increases 2025 financial targets due to rising demand for advanced packaging solutions driven by AI.
  • Tesco UK sales growth accelerates to 5.3% in the first quarter, outperforming market expectations.

Rest of the world:

  • Xpeng Inc develops advanced chips for VW cars amidst broader AI collaborations in the industry.
  • Bunge Global SA anticipates finalizing its $8.2 billion acquisition of Glencore-backed Viterra, pending Chinese regulatory approval.
  • Seazen Group Ltd launches a $300 million bond offering to buy back existing bonds and issue new senior notes.
  • Reliance Industries sells 35 million shares of Asian Paints, reducing its stake and generating $901 million from the sale.