Earnings season. Nestlé, Verizon, Sanofi, American Express, Air Liquide, ENI, Neste, Svenska Cellulosa and Castellum are among companies reporting their earnings today.

Amazon still under surveillance. Amazon.com in the US Congress' s sights after revelations by the Wall Street Journal about the use of third-party vendor data. The parliamentary committee in charge of technology issues was moved by the article, saying it raises important questions that will soon be put to the e-commerce giant.

Gilead not happy. There is controversy over preliminary results on the failure of Gilead's redesivir against Covid-19. Data from a test in China were published prematurely on the WHO site before being withdrawn. The American laboratory points out that the researchers who conducted the study did not agree to the release of the data. It also criticizes the publication of results from a trial that was stopped prematurely because of a low participation rate.

Apple Z. Apple said it had found no evidence that a security flaw in its email application had been exploited by hackers on its iPhone and iPad.

Load shifting. The car manufacturer Tesla has raised the selling price of several vehicles produced in China after Beijing cut government support for the purchase of electric vehicles.

Nestlé's organic growth is accelerating. Divestitures reduced Nestlé's sales in the first quarter, but the group's organic growth was 4.3%, well above the 3% envisaged by analysts. The company is confirming its roadmap, in particular a continuation of organic growth and of the current operating margin, pending further visibility. Nestlé, along with Danone and others, is one of the companies that analysts consider to be more resistant to Covid-19 than the average.

Aircraft without wings. Lufthansa hopes to complete a €10bn support plan with the German government next week to avoid bankruptcy. Like Air France-KLM and all the other airlines in the world, the carrier will not survive without external support.

Funds to the rescue. Expedia will raise $3.2bn, including $2bn in debt from the Apollo and Silver Lake funds, as recent rumors have suggested. The group specializing in tourist and business bookings is obviously severely affected by the current situation.

Less resilient than expected. Intel is suspending its 2020 forecasts, given the current uncertainties. The microprocessor specialist published solid results in the first quarter, but lacks visibility. The market was undoubtedly hoping for a better immunity of the company, since it sanctioned the stock by 6% post-trade.

Sycamore is not into lace. L Brands filed a lawsuit after Sycamore Partners decided not to buy Victoria's Secret lingerie brand for $525 million.

A balance sheet to be redressed. Hertz has hired a law firm and an investment bank to study several options to strengthen its balance sheet, Reuters reported. The car rental company is at the forefront of companies affected by the coronavirus.

Dry. Continental Resources has halted almost all production in the state of Dakota and warned some customers that it would no longer deliver

In other news. Mediaset acquired an additional 4.1% of the German ProSiebenSat.1 group, of which it now holds 24.9% of the voting rights. Takeda will sell its consumer health division, according to Nikkei. J. C. Penney is reportedly in advanced negotiations for an "orderly" bankruptcy, in agreement with its creditors. Eli Lilly is expected to begin early testing of an experimental treatment for Covid-19 using antibodies in the blood of people who have recovered from the disease. Dufry raised CHF 151.3 million by issuing 5.5 million shares. New rumors are circulating about a reduction in Boeing's workforce, including those related to the manufacture of B787.