• Danube projects its Ebitda margin to climb to 22-23% in the medium term, a significant increase from 15.1% reported in Q1.
  • AstraZeneca has announced that its immunotherapy drug Imfinzi is the first to show a survival benefit in early-stage small-cell lung cancer during a Phase III clinical trial.
  • GSK's blood cancer treatment has been shown to nearly cut the risk of death by half in a late-stage trial.
  • Despite posting a loss for 2023, Cosmo will proceed with its dividend payout.
  • Shein is reportedly considering a public offering in London that could value the online fashion giant at £50 billion, as per Sky News.
  • Walt Disney and Comcast have been unable to reach an agreement over the valuation of Hulu.
  • Amd has introduced new AI chips, the MI350 series, aiming to rival market leader Nvidia. Additionally, Amd unveiled its latest AI processors at the Computex trade show and detailed a two-year development plan to compete with Nvidia, with shares rising 1.5% in pre-market trading.
  • A Tesla shareholder has filed a lawsuit against Elon Musk, accusing him of insider trading involving transactions worth $7.5 billion.
  • Waste Management is reportedly in the process of acquiring Stericycle, with the companies announcing a $7.2 billion deal on Monday. Following the announcement, Waste Management saw a 1.3% drop in pre-market trading.
  • Arm Holdings forecasts that by the end of 2025, there will be 100 billion ARM devices ready for AI.
  • Billionaire investor Carl Icahn is said to be accumulating a stake in Caesars Entertainment, according to Bloomberg.
  • Blackstone is considering the sale of Alinamin Pharma, and has also raised its offer for Hipgnosis Songs Fund from $1.30 to $1.31 per share, valuing the company at nearly $1.6 billion.
  • Live Nation is investigating a security breach at Ticketmaster, with concerns over potential leaks of user data.
  • Facebook (now Meta Platforms) has seen its largest influx of young adults in three years.
  • Boeing has resumed aircraft deliveries to China.
  • Saudi Arabia has confidently invested $12 billion in Aramco shares.
  • Suntory is set to acquire The Boston Beer company.
  • Apm Human Services International has accepted a takeover bid from Madison Dearborn Partners valued at $1.3 billion.
  • Nvidia shares advanced 2.9% in pre-market trading after announcing plans to accelerate its chip family launch schedule to an annual basis. The CEO also revealed the 2026 release of Rubin, a new AI platform.
  • Microsoft plans to invest SEK 33.7 billion (€2.95 billion) over the next two years in Sweden, focusing on cloud computing and AI infrastructure, initially utilizing Nvidia's H100 chips for advanced graphics processors.
  • Gamestop's stock soared over 90% in pre-market trading following a Reddit post by influencer Keith Gill, aka “Roaring Kitty,” showing ongoing bets worth $116 million on the company. Other companies like Reddit, Robinhood, and Blackberry also saw pre-market gains.
  • Paramount Global's shares jumped 5.5% in pre-market trading after a revised offer from Skydance Media, representing a 26% premium on Class B shares over the previous closing price.
  • Autodesk saw a 5.2% increase in pre-market trading as the company reported preliminary first-quarter sales of around $1.42 billion, surpassing expectations.

Today's notable earnings reports include CrowdStrike Holdings, Ferguson, and Hewlett Packard Enterprise.