North America:

  • Google faces multiple lawsuits from Moltiply seeking billions in damages for alleged market dominance, while regulatory oversight changes as the Consumer Financial Protection Bureau halts supervision of Google Payment Corp.
  • Microsoft banned the use of the Chinese AI app Deepseek among employees due to security and propaganda risks.
  • Coinbase Global Inc. is dealing with delayed transactions on the Dydx Network, filed for a mixed shelf offering, and reported decreased quarterly profits due to rising expenses.
  • Johnson & Johnson announced its experimental psoriasis drug, icotrokinra, met its primary objective in a late-stage study.
  • Lyft reported a slight net profit in Q1, missed revenue estimates, and increased its stock buyback program to address slowing growth.
  • Pinterest surpassed quarterly revenue forecasts at $855 million, calming investor concerns over advertising spending.
  • Verastem Oncology received FDA approval for its Avmapki and Fakzynja combination therapy for KRAS-mutated ovarian cancer.
  • Citigroup Inc. faces potential devaluations on ruble-denominated assets due to Russian exposure and a $1 billion lawsuit over alleged fraud involving a Mexican oil company.
  • Ford Motor executives dismissed plans for stock buybacks and a commercial vehicle spinoff amid criticism of Trump's trade deal with the UK.
  • Egh Acquisition Corp priced its IPO at $10 per share, raising $150 million.

Europe:

  • Boeing sees rising deliveries following Dubai Aerospace Enterprise's acquisition of Nordic Aviation Capital and significant aircraft orders from IAG.
  • IAG nearly tripled its Q1 operating profit, surpassing expectations, and confirmed annual targets with orders for 53 new long-haul aircraft.
  • Enel reported a nearly 10% increase in Q1 net income, confirming full-year guidance and announcing a share buyback.
  • Commerzbank reported a surprising 12% increase in Q1 profits to 698 million euros, resisting a takeover bid from UniCredit.
  • AstraZeneca reported positive trial outcomes for Imfinzi in high-risk non-muscle-invasive bladder cancer.
  • Mediobanca exceeded profit forecasts amidst a takeover battle involving Banca Generali, reporting robust quarterly financial results.
  • Cellnex Telecom reported a Q1 net loss of 49 million euros due to job cut costs but confirmed its yearly outlook.
  • bpost shares surged nearly 7% following unexpectedly positive results and forecasts.
  • Nvidia plans to launch a less powerful version of its H20 AI chip in China by July to comply with US export restrictions.

Rest of the world:

  • SMIC's co-CEO announced monitoring the impact of tariffs on demand amid a drop in Chinese chip stocks.
  • IHC launched a global reinsurance platform in Abu Dhabi Global Market in collaboration with BlackRock.
  • NTT announced a buyback of up to 1.81% of its shares for 200 billion yen.
  • Sunil Mittal is negotiating to acquire a 49% stake in Haier India for $2 billion.
  • Asian banks anticipate a boost in wealth management due to the rally in Asian currencies.