Thriving through the pandemic. Cisco Systems reported better-than-expected results in the first quarter, boosted by the increasing habit of working remotely due to lockdown restrictions, as demand for its network tools and equipment soared.

Satellite operator in trouble. Intelsat has filed for Chapter 11 bankruptcy protection due to the severe business disruption caused by the pandemic.

Things are happening at ThyssenKrupp. ThyssenKrupp is studying several scenarios for its military shipbuilding activities, including a rapprochement with Italy's Fincantieri. Negotiations are based on a 50/50 joint venture with combined revenues of €3.4 billion. ThyssenKrupp is also reportedly in discussions related to a three-way merger with its compatriots Lürssen and German Naval Yards Kiel to create a national champion.

Verdict by June 26. The European Commission will give its opinion at the end of June on the takeover of Refinitiv by the London Stock Exchange. This $27 billion deal is a major part of the London Stock Exchange's strategy to strengthen its position in the data.

Big doubts about Abbott's test. Abbott's Covid-19 tests, which are widely used in the United States, are allegedly very far from the performance of standard tests. A study by New York University shows that the tests of the American laboratory, which are used daily in the White House, produce between a third and a half of false negatives. An Abbott spokesman replied that the results were "not consistent" with those of other studies.

If you don't sell planes. Boeing gets two big contracts to deliver over 1,000 missiles to Riyadh. They represent about $3.1 billion, including the delivery of missiles to other countries. In particular, the agreement will enable the restarting of a production line for SLAM ER, a missile that had not been sold since 2008.

Flirt in progress. Discussions on the acquisition of GrubHub by Uber would continue on the basis of a $6 billion valuation. The latest rumors suggest that the transaction could be carried out in action. But the two companies have not yet agreed on the terms. Uber currently weighs $55.6bn on the stock market, while the meal delivery company is worth $5.34bn.

In other news. Tyson Foods is reducing the price of its meats to compensate for price inflation in the retail sector. The Fed is once again warning Deutsche Bank about weaknesses in its internal control. Roche Holding obtains positive results for Tiragolumab in lung cancer. Wirecard announces first-quarter sales growth of 24% to just over €700m, with Ebitda up 26% to €199.2m.