North America:

  • JPMorgan launches a new basket of credit default swaps including major tech companies. It also announced a €2.8 million funding programme to support small businesses in France.
  • OpenAI warns investors about its heavy reliance on Microsoft and announces a $110 billion funding round.
  • Gilead Sciences plans to acquire Ouro Medicines for up to $2.18 billion to enhance its autoimmune disease pipeline.
  • Apple Inc plans to hold its annual Worldwide Developers Conference (WWDC26) online from June 8-12.
  • Zoox expands its robotaxi service to San Francisco and Las Vegas, while starting tests in Austin and Miami.

Europe:

  • S&P Global's eurozone PMI dropped to 50.5 in March, indicating a slowdown in business activity.
  • Estée Lauder and Puig are in talks for a potential $40 billion merger, with no agreement reached yet.
  • Puig shares surged 16% following the announcement of merger talks with Estée Lauder.
  • Trustpilot Group PLC appoints Marcus Roy as its new CFO and sees a 5.6% stake sale by Advent Global Opportunities.
  • Sika CEO confirms the company's sales and profit projections for 2026, though results are expected to fall toward the lower end of guidance.
  • Exor NV reports a FY net asset value of €33.2 billion, plans divestments generating €2 billion in proceeds.
  • Poste Italiane has launched a €10.8 billion public offer to acquire Telecom Italia.
  • Nordea urged by Danish pension funds to cease lending to companies involved in Arctic oil and gas expansion.
  • Bayer AG sees stock price impact after Inclusive Capital Partners sold 8.5 million shares.

Rest of World:

  • Japan's manufacturing PMI declined to 51.4 in March, reflecting a slowdown in factory activity.
  • Equinor has initiated the drilling phase of its Raia offshore oil and gas project in Brazil's Campos Basin.
  • Toyota Industries reports a successful tender offer by Toyota Group, leading to plans for delisting.
  • Heineken will wind down large-scale production at its Tuas brewery in Singapore by the end of 2027.
  • HDFC Bank has hired external law firms to review the resignation letter of former chairman Atanu Chakraborty.
  • Samsung Electronics union plans to resume bonus negotiations and wage talks.
  • Sumitomo Mitsui Financial Group is exploring plans for a potential takeover of Jefferies.
  • BPCL commissions a second-generation bioethanol refinery at Bargarh.
  • Toyota will invest $1 billion in its Kentucky and Indiana plants to expand battery-electric vehicle production.