North America:

  • Tesla experienced a significant decline in sales in Europe and China in May, alongside a recall of 172 vehicles in the US.
  • Wells Fargo shares rose after the US Federal Reserve lifted an asset cap, acknowledging regulatory improvements.
  • Ford is recalling 63,898 compact pickup trucks and 492,145 vehicles for safety concerns, despite a 16% increase in U.S. auto sales in May.
  • Chart Industries and Flowserve Corp announced a nearly $19 billion all-stock merger.
  • CrowdStrike shares fell after missing revenue estimates.
  • BlackRock was removed from the Texas boycott list after quitting climate groups.
  • Trucordia received a $1.3 billion strategic investment from Carlyle, valuing the company at $5.7 billion.
  • Reddit experienced a global outage impacting thousands of users.
  • Autoliv Inc. is addressing potential disruptions from China's rare earth export limits and increasing dividends.

Europe:

  • Microsoft is offering free cybersecurity enhancements to European governments.
  • Brookfield Asset Management is investing $10 billion in a Swedish AI data center creating 3,000 jobs.
  • Qwant has requested French antitrust intervention against Microsoft for degrading its search results quality.
  • Mediobanca shareholders generally support the acquisition of Banca Generali, amidst broader market movements.
  • Remy Cointreau reported lower annual profits and withdrew its financial targets due to economic uncertainties.
  • Saab is partnering with Maxar Intelligence and expanding its defense capabilities.
  • Volvo Cars experienced a 12% decrease in global sales in May and issued a 500 million euro green bond.
  • UniCredit's appeal against Italian government conditions for acquiring Banco BPM has been deferred to July 9.

Rest of the world:

  • Toyota Motor faced investor rejection of its $33 billion offer to take Toyota Industries private.
  • Westpac's mortgage unit, RAMS Financial Group, settled with Australia's ASIC over allegations of misconduct.
  • City Developments Ltd agreed to sell its 50.1% stake in the South Beach complex to IOI Properties for S$834.2 million.