- Hargreaves Lansdown saw its shares jump following news that the company has been approached by a consortium of investment funds for a potential takeover.
- Ahold Delhaize plans to shut down its underperforming Stop & Shop stores in the US.
- Saudi Aramco is reportedly showing interest in acquiring a minority stake in Repsol's renewable energy unit, as reported by Expansion. In related news, Repsol has received a US license to proceed with oil and gas projects in Venezuela.
- ThyssenKrupp's board has given the green light for the partial sale of its steel subsidiary to billionaire Daniel Kretinsky.
- John Wood has turned down a revised takeover bid from Sidara, which was less favorable than previous proposals.
- JPMorgan Chase is set to pay a $200 million fine to the CFTC due to supervisory breaches.
- Elon Musk of Tesla has declined to confirm whether he is still committed to selling more affordable electric vehicles.
- Boeing now anticipates a negative cash flow in 2024, as aircraft deliveries continue to be weaker than expected.
- Nvidia has reduced its chip prices in China to compete with Huawei, according to sources. Despite this, Nvidia shares increased by more than 9% on Thursday after positive earnings results and went up by an additional 0.5% in pre-market trading on Friday.
- Micron Technology has been ordered by a US court to pay $445 million to Netlist due to a patent infringement case.
- Deckers Outdoor has experienced an 8% increase in share price following its first-quarter trading update.
- Applied Materials has received a subpoena from the FTC concerning certain deliveries to customers in China.
- The United States government is looking to dismantle Live Nation's (Ticketmaster) monopoly.
- Alibaba has successfully raised $4.5 billion through the issuance of convertible bonds.
- Samsung's HBM chips reportedly failed Nvidia's tests due to overheating and excessive power consumption issues, according to multiple sources.
- An Itochu subsidiary has inked a renewable energy deal with Google in Japan.
- Glencore's carbon storage project in Australia has been halted by Queensland authorities due to concerns over groundwater risks.
- Apple has seen a 0.5% increase in pre-market trading following Wedbush's target price boost to $275, with the financial services firm citing potential for AI technology monetization and an improving situation in China for the iPhone maker.
- Tesla has reportedly cut Model Y production at its Shanghai facility by a significant percentage since March, with data indicating a year-on-year decrease in production for the months of March and April.
- KKR is expected to receive unconditional EU approval to purchase Telecom Italia's (TIM) fixed-line network, having agreed to uphold commercial agreements with TIM's competitors.
- Workday shares have dropped 12.2% in pre-market trading as the company revised its fiscal 2025 subscription revenue forecast downwards.
- Ross Stores has seen a 6.4% surge in pre-market trading after reporting first-quarter earnings per share that exceeded expectations.
Today's key earnings reports include Booz Allen Hamilton, Intertek, Semapa, Uniqa, NTPC, CTBC, Cathay Financial, and others.