• Novo Nordisk is reportedly planning to halt the production of generics for Ozempic and Wegovy in China.
  • Fincantieri has proposed the idea of a merger with ThyssenKrupp Marine Systems to the German government, as reported by Handelsblatt.
  • Sartorius AG has opened a new flagship facility in the USA, representing a $100 million investment.
  • Fevertree has confirmed its annual financial projections.
  • John Wood has begun acquisition talks with Sidara.
  • Glencore is looking to sell its share in the Kazakh company Kazzinc.
  • Google is facing a £13.6 billion class-action lawsuit in the UK over allegations of abusing its dominant market position.
  • US regulators are set to launch antitrust investigations into Microsoft, OpenAI, and Nvidia, according to The New York Times.
  • Lululemon shares have risen 10% following the release of its quarterly earnings and sales that surpassed expectations, thanks to strong performance in China.
  • American Airlines has proposed an immediate 17% pay increase for its flight attendants.
  • Walmart is introducing a bonus program for some 700,000 hourly employees in its US stores.
  • Toyota is expanding its production capabilities in Alabama with a $282 million investment.
  • Nvidia shares reached new highs on Wednesday, as the company's market valuation soared past the $3 trillion mark, surpassing Apple to become the world's second-largest corporation by market capitalization. The stock is up 2% in pre-market trading.
  • Robinhood Markets sees a 3.3% increase in pre-market trading after the company announced its intention to acquire the cryptocurrency exchange Bitstamp for an estimated $200 million.
  • Capital One Financial: Jefferies has upgraded its recommendation to "buy" from "hold," highlighting the company's potential for credit performance improvement and growth in auto financing.

Today's key earnings reports include Fastenal Company, Samsara, DocuSign, The Jm Smucker Company, Rémy Cointreau, Meituan, United Microelectronics, and Sekisui House.