• Dutch company Royal DSM will merge with Swiss firm Firmenich. DSM shareholders will own 65.5% of DSM-Firmenich. The rest of the sector is expected to move, such as Givaudan and Robertet (of which Firmenich holds 21.8%). Lanxess and Advent will buy DSM's Engineering Materials division for €3.7bn.
  • Credit Suisse is reportedly looking for ways to strengthen its capital, Reuters has learned.
  • Telecom Italia is considering a €20 billion valuation for its fixed network business.
  • GlaxoSmithKline will pay up to $3.3 billion to buy privately held U.S. biotech Affinivax.
  • Foxconn expects a more stable supply chain in the second half of 2022.
  • Poenina shareholders give the green light to a merger with Burkhalter.
  • Unilever appoints Nelson Peltz as non-executive director.
  • Bavarian Nordic raises its annual forecast for 2022 after monkeypox vaccine agreements.
  • The French authorities deny having validated a tax optimization scheme for General Electric.
  • FDA approves Roche's Evrysdi treatment in infants.
  • DKSH acquires Malaysian Acutest Systems.
  • Adler Group cancelled a sale of a portfolio of real estate projects valued at €313 million after the buyer Partners Immobilien Capital Management failed to make the remaining payments.
  • Bone Therapeutics signs a €5 million dilutive financing.
  • The Boeing Company - Norwegian Air announced Monday that it has placed an order for 50 737 MAX aircraft and an option for an additional 30 aircraft for an unspecified amount.
  • Apple - The Taiwanese group Foxconn, one of the main subcontractors of the iPhone manufacturer, said Tuesday that the outlook for the second half of this year was "moving in the right direction" with the announced lifting of the lockdown in Shanghai.
  • U.S. Airlines canceled more than 2,500 flights in total over the extended Memorial Day weekend due to weather disruptions but also labor problems. Delta Air Lines alone canceled about 700 flights over the past four days, according to FlightAware.

Main earnings reports today: Salesforce, HP Inc, KE Holdings, Strabag, Dottikon, Victoria's Secret, Pennon, Wavestone...