Corporate results:

  • Softbank: Vision Fund losses send the stock down 9% during the session.
  • Tyson Foods, the number one meat processor in the U.S., expects annual sales to exceed market expectations thanks to steady demand for its products despite inflation. The stock was up 1.8% in pre-market trading.

In other news:

  • The takeover bid launched by the Benetton family and the American investment fund Blackstone on Atlantia has been accepted by about 88% of the capital of the Italian motorway and airport group.
  • Walt Disney plans to suspend hiring and cut some positions amid economic uncertainty, according to an internal document seen by Reuters on Friday.
  • Biogen and Eli Lilly gained 4.6% and 1.9% respectively in pre-market trading after rival Roche announced that its experimental Alzheimer's treatment had failed to meet its targets in clinical trials.
  • Tesla has considered exporting vehicles produced in Shanghai to the United States and Canada, two people close to the project said, a move that would link its largest plant to North America, its biggest market.
  • United Rentals, which specializes in industrial equipment rentals, announced that it would buy the assets of rival Ahern Rentals for about $2 billion.
  • ASML's CEO is confident about the outlook for 2030, despite possible restrictions in China.
  • Alibaba did not disclose the precise revenue generated during the week said that this year's results are "in line with last year's... despite macro-economic challenges and Covid-related impacts", without giving further details.
  • GlobalFoundries will begin cutting jobs and freezing hiring to contain costs.
  • Rheinmetall will acquire Spanish explosives maker Expal for €1.2 billion.
  • Visa has terminated global debit card agreements with FTX.
  • Roche suffers phase III setback with Alzheimer's drug gantenerumab.
  • Rolls-Royce will provide TotalCare engine services to China Eastern Airlines.
  • Oncopeptides soars 45% on UK approval for multiple myeloma treatment.

Top earnings reports today: Charles Schwab, Mitsubishi UFJ, Sumitomo Mitsui, Tyson Foods, Vantage Towers, Talanx, Informa, Reply... All the agenda is here.