North America:

  • OpenAI partners with Dell to integrate Codex into enterprise environments.
  • AT&T reaffirmed its second-quarter and long-term outlook, including $4.0 billion to $4.5 billion in expected Q2 free cash flow and plans to return more than $45 billion to shareholders from 2026 to 2028.
  • Dell Technologies announces AI advancements and partnerships, including with Nvidia and Eli Lilly.
  • Bank of America and Lazard are advising Fraikin Group's owners on a potential sale that could value the French truck-rental firm at up to €3 billion.
  • AI chip startup Tenstorrent has attracted interest from Intel and Qualcomm with a view to a takeover, according to Bloomberg.
  • Alphabet shareholders advised by ISS to support a re-capitalization plan for single-vote shares.
  • Meta to cut 10% of its workforce to enhance AI workflows.
  • Standard Chartered plans to cut over 15% of corporate roles by 2030, expand AI usage, and target higher returns.
  • XP Inc. reports a 7% rise in Q1 adjusted net profit to 1.32 billion reais.

Europe:

  • Volvo Group incurs a $197 million earnings hit due to a settlement with California's Air Resources Board.
  • Varta to cut 350 jobs and stop button cell production after losing a key customer.
  • Stellantis to begin production of the 'E-Car' in 2028 at its Italy plant.
  • UniCredit has not filed to sell part of its Russian unit to a UAE investor.
  • Commerzbank rejects UniCredit's takeover bid due to insufficient premium.
  • ArcelorMittal raises $667 million by selling a 10% stake in Vallourec for a buyback program.
  • Vallourec SA raises €620 million through a block sale of shares.
  • IG Group reports a 19% rise in Q1 organic revenue and upgrades its growth forecast.
  • DCC PLC reports a 2.8% profit increase, proposes a name change to DCC Energy PLC, and raises its dividend.

Rest of World:

  • Samsung Electronics progresses in wage negotiations with its labor union.
  • YMTC begins pre-IPO coaching discussions with an investment bank.
  • TechnologyOne reports a 6% rise in half-year profit, driven by AI product launches, and reaffirms profit guidance.
  • Uber increases its stake in Delivery Hero to 19.5%, becoming the largest shareholder.
  • Midea Group sees reduced long positions by financial institutions like JPMorgan and Goldman Sachs.
  • Wuxi AppTec sees position adjustments by financial institutions including BlackRock and JPMorgan.