• 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.