North America:

  • Nvidia is expanding its global AI influence by building Europe's largest AI campus in France and planning Taiwan's first AI supercomputer with Foxconn and TSMC.
  • JPMorgan Chase anticipates increased charge-offs in its card portfolio by 2026, with investors seeking clarity on tariff impacts and succession plans.
  • Blackstone and its infrastructure arm acquired TXNM Energy in deals totaling $11.5 billion.
  • Sanmina acquired ZT Systems' data center infrastructure manufacturing business from AMD for up to $3 billion.
  • Novavax shares surged after FDA approval of its COVID-19 vaccine for older adults and individuals with certain conditions.
  • Microsoft redefines its partnership with OpenAI to position itself as a neutral AI technology provider.
  • Boeing faces opposition from 737 MAX crash victims' families over a deal to avoid prosecution.
  • TSMC plans to construct Taiwan's first AI supercomputer in collaboration with Nvidia and Foxconn.

Europe:

  • Diageo launched a $500 million cost-saving plan to offset a $150 million impact from US tariffs, maintaining full-year guidance.
  • Ryanair CEO Michael O'Leary negotiates discounts at Ukrainian airports and considers alternative Boeing delivery locations to evade tariffs.
  • Stellantis appointed Xavier Chardon as the new CEO of Citroën, effective June 2, amidst uncertainties at the Poissy factory.
  • Volvo Cars initiated a share buyback program to repurchase up to 12.5 million shares for 400 million SEK.
  • Getlink suspended operations of the ElecLink electrical interconnector for two weeks to inspect a cable misalignment.
  • KKR and Stonepeak Partners pursue a 1.61 billion-pound bid for Assura, asserting it as superior despite a higher counteroffer.
  • Vodafone Idea faced legal challenges in India as the top court rejected its petition to write off debt.

Rest of the World:

  • Huawei introduces laptops with HarmonyOS to compete with Microsoft and Apple.
  • Xiaomi is set to launch the YU7 electric SUV to compete with Tesla's Model Y in China and plans a $7 billion investment in chip design.
  • HKEX appointed Herbert Hui Leung Wah as the new Group CFO, succeeding Vanessa Lau Bik Yun.
  • GSK received approval in Japan for its Blenrep combinations as a treatment for myeloma.
  • Vodacom reported a 1.3% increase in annual earnings amid currency volatility.
  • Qatar Airways reported a 28% increase in net profits.
  • Poland seized tyres intended for Boeing aircraft bound for Russia, violating EU sanctions.