• LVMH posted organic growth of 23% in Q1, driven by fashion and retail, while wines & spirits did less well.
  • The Swiss press is talking about major job cuts at Novartis.
  • GlaxoSmithKline will buy biotech Sierra Oncology for $1.9 billion.
  • Former Twitter shareholders file a lawsuit against Musk, who they claim was late in declaring his positions in the social network.
  • Phillips 66 appoints Mark Lashier as CEO.
  • ISS says Wells Fargo's pay reforms are insufficient to warrant support for CEO pay.
  • Bâloise was the victim of a cyberattack.
  • Noble and Maersk Drilling won new approvals from competition authorities to merge, but await the UK antitrust verdict.
  • Shionogi lost more than 10% after announcing that its covid pill has negative effects on fetal development.
  • MCH Group will increase its capital with the support of its two main shareholders.
  • Blackrock reported a better-than-expected quarterly profit on Wednesday.
  • Delta Air Lines reported a smaller-than-expected net loss on Wednesday on strong travel demand.
  • Alphabet - Google's parent company announced Wednesday it plans to invest about $9.5 billion in its U.S. offices and data centers this year, up from $7 billion a year ago.
  • Russian users of Netflix have launched a class action against the American video streaming platform because of its departure from Russia following the war in Ukraine.
  • Deutsche Telekom announced that it has acquired additional shares of T-Mobile US from Softbank for $2.4 billion, moving closer to its goal of securing direct control of the U.S. telecom operator.
  • Walmart announced that it has hired John Rainey, the current CFO of PayPal Holdings, to serve in the same role at the U.S. supermarket chain effective June 6.
  • Switzerland approves Novavax's COVID-19 vaccine in adults.
  • AMC - The movie theater operator announced it will double its presence in Connecticut with the acquisition of seven locations in the state.

Main earnings reports: JPMorgan Chase, BlackRock, Infosys, Fastenal, Tesco, Delta Air Lines, Barry Callebaut, Fraport, Galp Energia, Vetoquinol...