• Bellway has confirmed an $8.3 billion takeover bid for Crest Nicholson, which Crest Nicholson subsequently rejected.
  • Tesco holds steady with its profit forecasts following a rise in quarterly sales.
  • Ubs plans to sell Credit Suisse's Chinese operations to a state-owned fund.
  • Mercedes commits to a $360 million investment in the Indian state of Maharashtra.
  • Molecular Partners sets a target to advance MP0621 to clinical stage by 2025.
  • Adobe experiences a 15% surge after reporting quarterly results, and further climbs 14.3% in pre-market trading as it raises its sales forecast for the current financial year.
  • The $30 billion fee settlement between Visa and Mastercard is at risk of falling apart.
  • Microsoft delays the launch of its Recall AI feature due to security concerns, and also announces a €6.69 billion investment in new data centers in Aragon, Spain. Microsoft shares are up after the company plans to correct software issues in 5,836 Tesla vehicles imported to China.
  • New York Community Bancorp has acquired the assets of Signature Bank for a fair value of $37.8 billion.
  • Musk's supporters celebrate the approval of his $56 billion compensation package as Tesla's CEO.
  • Tyson Foods suspends CFO John Tyson following his arrest.
  • On Semiconductor announces a reduction of 1,000 jobs.
  • GameStop delays its shareholder meeting to June 17 due to technical issues and sees a 1.4% drop in pre-market trading.
  • Wells Fargo dismisses bankers accused of simulating presence at their desks.
  • Teva files a lawsuit against Corcept over the alleged monopoly of mifepristone for treating a rare disease.
  • Sirius XM is set to be removed from the Nasdaq 100 index, to be replaced by Arm Holdings, which saw a 0.4% increase before market opening.
  • Carlyle and the German development bank KfW are reportedly in discussions to acquire a majority stake in Thyssenkrupp's naval division.