- Airbus and Scopa are to build a helicopter manufacturing plant in Saudi Arabia as part of a $6.7 billion deal. Earlier, the Indian airline IndiGo announced an order for 500 A320neo Family aircraft.
- Adobe's acquisition of Figma is threatened by an EU investigation, according to the FT.
- Automakers are down in pre-market trading after Reuters reports that a bipartisan group of U.S. lawmakers will urge Ford and General Motors executives at a meeting on Tuesday to reduce their reliance on Chinese parts, particularly electric car batteries.
- Eli Lilly will acquire Dice Therapeutics in a $2.4 billion cash transaction, the two companies announced.
- Nasdaq said it had reached an agreement with EEX, the European energy exchange, to transfer its European electricity trading and clearing business to the company, without giving financial details.
- Faraday Future - The electric vehicle manufacturer announced a reverse stock split, in the range of 1 for 2 to 1 for 90 shares, in order to comply with Nasdaq listing requirements. The group also announced that it was behind schedule on vehicle deliveries.
- Intel will invest EUR 30 bn in two factories in Germany.
- UBS may have to pay hundreds of millions for Archegos, a Credit Suisse legacy.
- Abu Dhabi fund ADQ has approached Lazard with a view to a takeover, again according to the FT.
- Alibaba unexpectedly announced the replacement of its eight-year boss Daniel Zhang, at a time when the group is undertaking a major demerger.
- Rocket Software drops out of the race to take over Software AG and sells its shares at EUR 32 per share.
- Merck completes the acquisition of Prometheus Biosciences.
- Raytheon Technologies Corporation reaffirms its earnings guidance for 2023.
- Telecom Italia prolongs the suspense surrounding the sale of its network.
- Deutsche Post DHL Group changes its name to DHL Group, effective July 1.
- Coca-Cola Hellenic acquires Brown-Forman Finland, owner of Finlandia vodka, for $220 million.
- IBM extends its partnership with Adobe to offer a content supply chain solution using generative AI.
- Suse CFO leaves.
- Neste Oyj and Elekta hold an investor day.