Every day, the MarketScreener team selects the most important news about public companies from around the world. For your reference, I will briefly summarize it.
- According to the Wall Street Journal, Cigna Group and Humana are in talks to merge.
- Apple has reportedly given up on developing its own 5G modem chip.
- The Canadian government has reached an agreement with Google (Alphabet) regarding the Online Information Act.
- Walmart looks to India and reduces imports from China.
- Mercedes-Benz and BMW will establish a joint venture for a high-power charging network in China.
- According to the chairman, Deutsche Bank is open to mergers and acquisitions.
- ABB plans to increase sales by 6% to 9% annually from 2024.
- SAS receives EU approval for $915 million capital increase.
- Orsted has obtained a license for an offshore wind power generation project in South Korea.
- Thyssenkrupp appoints Jens Schulte as CFO.
- Siltronic expects AI and electromobility to drive sales over the next five years.
- In April, ASML announced the retirement of CEO Wennink and appointed Fouquet as his successor.
- Occidental Petroleum is in talks to buy Crown Rock, a major Texas energy producer, the Wall Street Journal reported Wednesday. The deal could value Crown Rock at more than $10 billion, including debt.
- Rover Group – The pet care company announced Wednesday that private equity firm Blackstone will acquire it in an all-cash deal valued at $2.3 billion.
- Vista Outdoor – The sports and outdoor equipment group’s board of directors has rejected a $1.91 billion cash-and-stock merger proposal from Czech weapons manufacturer Colt CZ Group.
- Synopsys on Wednesday predicted first-quarter sales to beat Wall Street expectations as artificial intelligence boosts demand for the company’s chip design software. The stock rose 1.9% after the close. Synopsys expects revenue for the quarter to be between $1.63 billion and $1.66 billion, beating the consensus of $1.6 billion.
- Salesforce rose 8% after the close as it raised its full-year profit forecast and expected fourth-quarter sales of $9.18 billion to $9.23 billion, compared to a consensus of $9.21 billion.
- PVH – The apparel company fell 4% after the close, with third-quarter sales of $2.36 billion, below consensus of $2.41 billion.
- Pure Storage – The data storage company fell 14.3% after the close as it expected fourth-quarter revenue of $782 million, compared to analysts’ expectations of $919.4 million.
- Snowflake – The data storage company rose 7.6% after the close, with third-quarter revenue of $698.5 million, beating the consensus of $673.3 million.
- The United Auto Workers union announced Wednesday that it is launching a landmark effort to unionize the entire U.S. auto industry, including Tesla and Rivian.
- Phillips 66 – Elliott Investment Management has acquired a $1 billion stake in an oil refinery and called for a reorganization of its board of directors to improve its performance.
- Victoria’s Secret – The clothing retailer fell 1.44% after the close as it expects adjusted earnings for the fiscal year to range between $1.85 and $2.25 per share, compared to a consensus of $2.16.
- Broadcom – The chipmaker will consider strategic options for two VMware business units it acquired in November, Insider reported Wednesday.
- Discover Financial Services announced Wednesday that it is considering selling its student loan portfolio.
- Robinhood Markets – the trading app operator announced on Thursday that it will be rolling out brokerage services in the UK.
- Metaplatform – The group’s ad-free paid subscription service launched in Europe this month violates European consumer law, the region’s largest consumer group said on Thursday, filing a complaint with consumer protection authorities. .