Corporate results:

  • Ahold Delhaize: The company raised its 2022 underlying earnings guidance.
  • Alcon: Q1 revenues are up 18% at constant exchange rates and margins up, above consensus. Forecasts are revised upwards.
  • Coinbase: The stock plunges 15% post-trade after lower-than-expected revenue.
  • Globalfoundries posted better-than-expected first-quarter revenue and earnings.
  • Pirelli: The 2022 guidance was raised after good Q1 results.
  • Roblox: The stock loses 4.4% post-trade after quarterly results were in line with expectations.
  • Salvatore Ferragamo: The Italian luxury brand beat expectations in Q1, but is facing a slowdown in China.
  • ThyssenKrupp: Forecasts are raised for the year for results and revenues.
  • Toyota: The automaker significantly reduces its annual earnings forecast.

 

Important announcements:

  • Activist fund Bluebell Capital Partners is calling on Saint-Gobain to reshape its business and replace its chairman.
  • Philip Morris launches a friendly takeover offer at SEK 106 per share for Swedish Match.
  • Roche's lung cancer treatment fails to meet primary endpoint in late-stage trial.
  • Elon Musk plans to walk back Donald Trump's ban from Twitter. He indicated that Tesla might buy a mining company to secure supplies.
  • Apple sounds the death knell for the iPod.
  • Electronic Arts and FIFA end 30-year partnership in soccer. FIFA will become "EA Sports FC".
  • ASML launches $527 million initial green bond offering.
  • Intel unveils new chips in its Core Mobile product line.
  • Partners Group signed with U.S.-based Fortress Investment to buy a portfolio of more than 2,000 U.S. rental homes for $1 billion, according to Bloomberg.
  • Hasbro shareholders are urging the company to renew its board of directors and talk to activist fund Alta Fox.
  • Ford sells $214 million of Rivian shares.
  • Equinor to sell its stake in two Norwegian oil fields to Sval Energi.
  • UK advertising watchdog bans some Tesco mobile ads.
  • Pershing Square launches $100 million share buyback in London and Amsterdam.
  • US electric vehicle developer Canoo runs out of cash.
  • Tesla has shipped 4,767 cars from Shanghai destined for Slovenia, its first batch of vehicles exported since the factory reopened on April 19, the Shanghai Observer media outlet reported.
  • Alphabet subsidiary Google told Reuters it has signed an agreement with more than 300 newspaper publishers in Germany, France and four other European countries to pay them for the use of their information and will roll out a tool to facilitate more such deals.
  • The Boeing Company is in a dispute with Aerojet Rocketdyne, a major supplier of the aerospace giant's Starliner spacecraft, which is scheduled for a test flight on May 19.
  • Warner Music is down 2.2% in premarket trading after at least six intermediaries, including Barclays, lowered its price target in light of the group's Tuesday earnings release.

Top earnings reports today: Toyota, Walt Disney, Softbank, Takeda, Manulife, Compass, Ahold Delhaize, Genmab, Rivian, Continental, Siemens Energy, Mediobanca...