North America:

  • Tesla launched car sales in Saudi Arabia, facing challenges like limited charging infrastructure and high temperatures.
  • Cal-Maine Foods is cooperating with U.S. Justice Department investigations into price-fixing and supply manipulation in the egg market.
  • Janus Henderson has been appointed by Guardian Life Insurance to manage a $45 billion investment-grade public fixed-income portfolio.
  • Walmart reaffirmed its annual sales forecast, maintaining a 3-4% growth target for the year.
  • Peabody Energy is evaluating financing options for a potential $3.78 billion acquisition of steelmaking coal assets from Anglo American.
  • Google launched a new AI chip called Ironwood and settled a German antitrust investigation by modifying its Maps and Automotive Services.
  • Delta Air lines reported a slight increase in Q1 earnings despite a drop in operating margin and withdrew its financial forecast.
  • South Bow Corp shut down its Keystone pipeline after a leak near Fort Ransom, North Dakota.
  • Verizon's implementation of AI has significantly increased its sales.

Europe:

  • Volkswagen Group reported a 1.4% increase in Q1 vehicle deliveries, driven by growth in Europe and North America.
  • Accor partnered with InterGlobe and IndiGo to form the fastest-growing hotel group in India, aiming to build 300 hotels by 2030.
  • Eni anticipates that investors will value its subsidiary Plenitude at over 10 billion euros.
  • Barclays appointed Andrew Woeber as its new global head of mergers and acquisitions and scrapped diversity targets in the US.
  • Assura PLC rejected multiple takeover bids, ultimately accepting a $2.06 billion acquisition offer from a KKR-led consortium.
  • KKR is finalizing the acquisition of Karo Healthcare for approximately 2.5 billion euros.

Rest of the world:

  • Luxshare Precision Industry is adjusting its manufacturing strategy between Vietnam and the U.S. amidst escalating US-China trade tensions.
  • Mahindra Aerostructures secured an order from Airbus Helicopters to manufacture and assemble the main fuselage of the H130 helicopter.
  • Vietnam's Deputy Prime Minister is scheduled to meet with U.S. Treasury Secretary to discuss potential revisions of tariffs on Vietnam.
  • TSMC faces potential fines exceeding $1 billion due to violations of U.S. export controls related to chips made for Huawei.