North America:

  • Walt Disney is laying off hundreds of employees across its film, TV, and finance divisions globally to focus on streaming.
  • Allen Media Group is selling local TV stations to reduce debt.
  • Tesla's Model 3 and Model Y are part of a Chinese initiative to boost rural EV sales, while focusing on autonomous technology and robotics.
  • Meta Platforms has signed a 20-year power purchase agreement with Constellation Energy to support a nuclear plant in Illinois.
  • Philip Morris International has raised its full-year earnings outlook and filed for euro-denominated notes offerings.
  • Merck is in discussions to acquire Swiss biotech company MoonLake for over $3 billion.
  • Google has agreed to invest $500 million in compliance restructuring to settle shareholder litigation.
  • UnitedHealth Group's new CEO has apologized for recent earnings underperformance and pledged to improve performance.
  • Keysight Technologies has agreed to divest certain Spirent units to VIAVI Solutions as part of a US consent agreement.

Europe:

  • BP plc has shut down its Rotterdam oil refinery and expanded its interests in Azerbaijan, amidst calls for strategic overhaul.
  • Pandox and Eiendomsspar have submitted a proposal to acquire Dalata Hotel Group for approximately $1.48 billion.
  • Airbus delivered 51 aircraft in May, marking a 4% decline from the previous year.
  • MJ Gleeson has downgraded its annual forecasts due to increased build costs and flat selling prices.
  • British American Tobacco has raised its revenue outlook and growth forecasts for the US.
  • Elis has expanded its operations by acquiring Spanish laundry service provider Bugadería Neutral.

Rest of the world:

  • Toyota is set to go private through a $42 billion acquisition by Toyota Motor and its group companies.
  • TSMC CEO remains optimistic about strong AI demand and projected record earnings despite US-China trade tensions.
  • Woodside Energy has initiated arbitration proceedings against Senegal at ICSID over unresolved issues.
  • Vodacom Group has appointed Mohamed Abdallah as the new CEO for International Markets and Vodafone Egypt.
  • Cobasi and Petz merger approved by Brazil's antitrust body Cade without restrictions.
  • Vedanta is set to issue multi-tenor bonds to raise 56 billion rupees amidst rising iron ore imports in India.
  • Telefonica is investigating a potential cyberattack following data release from its operations in Peru.