$P-SPAC $SPCX SpaceX stock has seen sharp swings in its first two weeks as a public company. Lofty sci-fi ambitions, media coverage, and a founder with a cult-like following fueled a frenzy of excitement around the company, with retail investors rushing to get exposure.
$LULU Lululemon shareholders have elected three management-backed directors, including former Levi Strauss chief Chip Bergh, finalizing the settlement of a bruising proxy battle with its founder and clearing the way for the incoming CEO to focus on reviving the athleisure brand.
$CHEAF $EADSF $EADSY China Eastern Airlines plans to buy 25 A330neo jets from Airbus for a catalogue price of about $9.4 billion, it said in a filing to the Shanghai Stock Exchange on Friday.
$SNY On Friday, the European Commission opened an investigation into whether French drug giant Sanofi breached EU competition rules in a flu vaccine marketing campaign.
$VWAGY Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the company’s current global workforce over the next few years, Manager Magazin reported on Friday.
$P-SPAC $SPCX Elon Musk's SpaceX has told investors that it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported Friday, citing people familiar with the matter.
$HMC Honda Motor Chief Executive Toshihiro Mibe won support for his reappointment to the Japanese automaker’s board at its annual meeting on Friday after apologizing to shareholders for the company’s weak financial performance.
$BNO $DBO $GUSH $IEO $OIH $OIL $PXJ $UCO $USO $XOP Oil prices fell on Friday morning and are heading for sharp weekly losses as supply concerns eased after more stranded oil tankers left the Strait of Hormuz, even though a cargo ship was hit near Oman on Thursday.
$SSNLF Samsung Group will announce its plan on June 29 to invest 1,000 trillion won ($647.53 billion) over 10 years in South Korea, a media report said on Friday. The plan may include 300 trillion won to build chip factories in the southwest of the country.
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$MKC Cholula hot sauce maker McCormick beat Wall Street estimates for second-quarter sales and profit on Thursday, driven by strong demand for its spices and seasonings as consumers cook more at home amid economic uncertainty.
$MKGAF $MKKGY $TECH Merck KGaA offered $73 per share in cash to buy Bio-Techne, a 24% premium to the U.S. lab-tools supplier’s closing price on Wednesday.
$ESYJY easyJet board rejects Castlelake's revised $6.49 billion bid
The airline's board rejected a fourth takeover bid from Castlelake, but said it would continue talks and share commercial information in hopes of securing a higher offer.
$HNNMY Swedish fashion retailer H&M said on Thursday that its March-May profit was smaller than expected because it could not fully meet demand after cutting the amount of clothing it keeps in stock, and it forecast unchanged June sales.
$NSANF $NSANY $P-ADUI U.S. defense firm Anduril Industries is in talks to acquire Nissan Motor's Oppama assembly plant near Tokyo as the maker of autonomous weapons looks to build military drones in Japan, three sources familiar with the matter told Reuters.
$VWAGY Volkswagen has agreed to sell a 51% stake in its marine engine unit, Everllence, to private equity firm Bain Capital in a deal that will generate proceeds of about €7.4 billion ($8.40 billion), the company said on Wednesday.