In France

Important (and less important) announcements

  • Bercy is due to announce this morning the amount of public aid for the Crolles semiconductor factory project led by STMicroelectronics and GlobalFoundries, a €7.5 billion project.
  • Airbus is reportedly on the verge of taking a record order for 500 A320neo family single-aisle aircraft from Indian airline IndiGo. In addition, Airbus sees greater visibility on its forecasts in terms of industrial activities as well as the beginning of a more positive trend in its deliveries, said commercial director Christian Scherer.
  • Mercedes will not participate in Renault’s new FlexEvan electric utility project.
  • Accor enterre son SPAC Accor Acquisition Company.
  • Orpea draws €200 million from new financing as part of the continuation of its restructuring plan.
  • Xilam winner of the call for projects “La Grande Fabrique de l’image”.
  • Novo Nordisk will buy Biocorp at EUR 35 per share.
  • Transgene presents immunological data on TG4001 at ASCO.
  • Akkadian Partners has initiated a procedure aimed at obtaining the postponement of the vote at the AGM on June 23 on the merger of Erytech with Pherecydes.
  • GL Events becomes official partner and supplier of temporary facilities for the Paris 2024 Olympic and Paralympic Games.
  • Delta Drone sells part of its minority stake in Donecle.
  • They have published / They must publish: none…

In the world

Important (and less important) announcements

  • UBS is considering postponing its earnings release due to the Credit Suisse deal. The bank plans to complete the takeover of its rival by June 12.
  • Chemical makers The Chemours, DuPont and Corteva said on Friday they had reached a settlement regarding all complaints relating to PFAS in drinking water in the United States. For its part, 3M Company has reportedly reached a provisional agreement of at least $10 billion with several American cities to solve water pollution problems linked to “eternal chemicals”.
  • General Motors and Stellantis pay $363 million in penalties for failing to meet US fuel economy standards.
  • Lufthansa takes a minority stake in ITA Airways.
  • Henkel announces further price increases.
  • Contemporary Amperex Technology’s market share in the electric vehicle battery sector grows from 34.4% in 2022 to 35.9% in the first 5 months of 2023; more than double that of its Chinese competitor BYD, which takes second place, according to SNE Research.
  • Palo Alto will replace Dish Network in the S&P500.
  • Moody’s raised easyJet’s credit outlook to positive from stable, while affirming the company’s “Baa3” rating.
  • Walmart reaffirms its goal of doubling the volume of its sales abroad in five years.
  • Asos reportedly received a £1billion bid from Turkish firm Trendyol in December, according to The Sunday Times.
  • AstraZeneca has announced positive results from the planned interim analysis of the Phase III DUO-O trial.
  • Novartis has published positive Phase III results with Kisqali plus endocrine therapy in early stage breast cancer recurrence.
  • The main publications of the day: Gitlab, Science Applications… The whole agenda here.

Lectures