- Siemens denies rumors of a potential bid for Renishaw.
- Clariant completes the acquisition of Canadian ingredients and cosmetics manufacturer Lucas Meyer Cosmetics from International Flavors & Fragrances for $810 million.
- Sika acquires polymer systems manufacturer Kwik Bond Polymers.
- Genmab acquires Profoundbio for $1.8 bn.
- German online luxury goods retailer Mytheresa may bid for YNAP (Compagnie Financière Richemont), according to Bloomberg.
- ThyssenKrupp Steel's board of directors will meet next week, as a major reshuffle looms, according to sources.
- Meyer Burger raises CHF 207 million in a capital increase.
- Swiss Re appoints Andreas Berger as CEO from July.
- Renewi opens a hard plastics sorting facility in the Netherlands.
- Intel expects a further deterioration in the profitability of its chip manufacturing business (foundry) this year.
- Walt Disney receives sufficient shareholder support to dismiss Nelson Peltz's activist investor Trian.
- Silver Lake to delist Endeavor Group for USD 27.50 per share.
- United States Steel's American steelworkers' union rejects Nippon Steel's commitments as "a package of empty promises".
- General Motors' Q1 sales in the U.S. decline but exceed Toyota's.
- Honeywell is considering selling its Covid protective equipment unit, valued at $2 billion, according to Bloomberg.
- Xiaomi begins to deliver the first of 100,000 electric cars ordered.
- China Vanke plans to take legal action against Yantai Bairun Real Estate, which has accused the real estate giant of tax evasion.
- Paramount was up 4.2% in pre-market trading, as the American entertainment giant has entered into exclusive discussions with David Ellison, founder of the Skydance media company, with a view to a possible deal, the New York Times reported on Wednesday. Reuters reported in early January that David Ellison was considering a cash offer to acquire Paramount's parent company, National Amusements.
- Microsoft: Microsoft and Quantinuum on Wednesday said they have achieved a key step in making quantum computers a commercial reality by making them more reliable.
Global markets live: Swiss Re, Intel, Walt Disney, Paramount, Microsoft...
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