Earnings season: Amazon.com, Visa, Roche Holding, Verizon, Coca-Cola, Royal Dutch Shell, Diageo, Eli Lilly, The Swatch Group, Deutsche Bank and Nintendo are among companies reporting their earnings today.

An overview of results: Microsoft’s shares were up 3.5% after posting better-than-expected quarterly results, lifted by its cloud computing division. Facebook dropped 7.3 percent after announcing that it expects revenue growth to slow, while reporting higher costs. Tesla soared 10.7% after publishing the second highest quarterly profit in its history. The electric vehicle manufacturer also said it plans to produce more than 500,000 cars this year.

Nike under investigation. Nike is under investigation by the Securities and Exchange Commission (SEC) on suspicions of illegal payments to basketball players, according to Bloomberg.

Job cuts. Lyft announced yesterday that it has reduced its workforce by approximately 2%; or around 90 positions, as part of the measures taken to meet its target of achieving profitability by the end of 2021.

China flights getting rarer. Air France-KLM no longer serves China. The carrier is following in the footsteps of its counterparts, some of whom such as British Airways, Lufthansa and Iberia have frozen all their routes.

Under arrest warrant. The Japanese public prosecutor's office has issued an arrest warrant for Carlos Ghosn (Renault, Nissan) for fleeing Japan, according to the Kyodo agency. Warrants have also been issued for two people suspected of helping the former leader leave the country. Carlos Ghosn is a refugee in Lebanon, a country that does not have an extradition agreement with Japan.

Roundup blues. Bayer is thinking of stopping selling glyphosate to the general public, according to information from Handelsblatt. This decision would be part of ongoing discussions to extinguish legal actions against the product, particularly in the United States.

Elliott is pumped up. The activist fund Elliott is reportedly in the process of increasing its stake in Finnish tyre manufacturer Nokian Renkaat. No one wished to comment at this stage. The equipment manufacturer disappointed the market last week by announcing a lower than expected 2020 forecast. The Scandinavian number one in the sector has lost 20% of its value in one year, with a capitalization that now represents only €3.2 billion.

In other news.  Goldman Sachs wants to achieve a return on equity of 13% in three years, compared to 10% in 2019. The boss of Jaguar Land Rover will hand over to Lyft in September, at the end of his term of office, while remaining available for advice to the car manufacturer. Apple and Broadcom have been ordered to pay $1.1 billion to the California Institute of Technology for violating university patents on Wi-Fi transmission.