North America:

  • Southwest Airlines will start charging for checked bags for flights booked from May 28 onwards.
  • Nvidia's earnings report will disclose the effects of US export restrictions on China and shifts in US trade policy on its sales.
  • Rocket Pharmaceuticals shares plummeted following the death of a patient in a clinical trial, leading the US FDA to place a hold on the gene therapy trial for Danon disease.
  • Tesla's European sales plummeted by 49% in April due to CEO Elon Musk's controversial political views and increased competition.
  • SpaceX is speeding up its Starship development.
  • Sanofi has completed the acquisition of DR-0201 for $600 million and launched a vaccine factory in Vietnam with VNVC.
  • PDD Holdings' Q1 earnings report revealed slower revenue growth and lower profits, missing expectations due to tariff barriers and increased merchant support.

Europe:

  • UniCredit's potential acquisition of Banco BPM is unlikely to proceed due to government regulations and CEO Andrea Orcel's view on current terms.
  • Eni has signed agreements with Global Infrastructure Partners and BlackRock regarding the potential sale of a 49.99% stake in Eni CCUS Holding.
  • Saab has reaffirmed its financial targets for 2023-2027, aiming for 18% organic sales growth and higher operating income.
  • SAP SE was fined by a watchdog amidst significant developments in Germany's financial and technological sectors.
  • Volvo Car plans to cut 3,000 jobs.
  • Grupa Pracuj experienced a 10.9% rise in first quarter core profit and aims to expand its presence in Poland's post-hire market.
  • NN Group has set ambitious financial targets for 2028, aiming for significant operating cash generation and free cash flow.
  • KFC intends to invest $2 billion in the UK and Ireland over the next five years, creating 7,000 jobs.

Rest of the world:

  • Xiaomi reported a 47% revenue growth in Q1, reaching RMB111.3 billion, driven by strong smartphone and electric vehicle sales.
  • Life Insurance Corporation of India reported a 38% increase in quarterly profit to 190.13 billion rupees, driven by lower employee costs.
  • Petrobras is exploring a local debt issuance of up to 3 billion reais and seeks greater influence in Braskem's decision-making.
  • JOYY Inc's Q1 2025 financial results show a revenue of $494.4 million, marking a 12.3% decrease from Q1 2024.
  • Tencent expanded its K-pop portfolio by acquiring a stake in SM Entertainment and buying back 979,000 shares.
  • Mac Copper's shares surged 17% following the announcement of its acquisition by Harmony Gold Mining for $1.03 billion.
  • JP Morgan Securities and JPMorgan Chase & Co have both initiated long positions in H shares of CATL.
  • China International Capital has reduced its stake in CATL to 3.21% as of May 23.