US MARKETS:

S&P 500 futures down 0.2% to 2,977.50
Brent futures up 1.8% to $65.29/bbl
Gold spot down 0.3% to $1,393.15
US Dollar Index down 0.1% to 97.40

GLOBAL NEWS:

Earnings season. Costco Wholesale, Taiwan Semiconductor, Tryg and Pagegroup are among companies reporting earnings.

Large gap. Airbus delivered 389 aircraft in the first half of the year, far ahead of Boeing, which only sold 239 aircraft, due to the B737 MAX's problems. By 2018, the European had delivered 800 aircraft and the American 806, allowing the latter to dominate the sector for the seventh consecutive year. A performance that it will find it difficult to continue in 2019.

Isatuximab is applying to the WMA. The FDA will review Sanofi's application for approval of isatuximab for the potential treatment of refractory or relapsed multiple myeloma. It is an experimental monoclonal antibody that targets a specific epitope on the CD38 receptor of plasma cells. The US Drug Agency is due to issue a decision on April 30, 2020. In Europe, the EMA has already been working on the marketing authorization for a few weeks.

Towards a new veterinary giant? Bayer AG has proposed to Elanco Animal Health a merger of their animal health activities, Reuters has learned from informed sources. Elanco is worth $12.5 billion on the stock market. Both companies are reportedly already working with consulting banks to ensure that the competition authorities approve the project. The German group did not close the door to a transfer to investment funds.

Rise in power. Tesla has warned its employees of an increase in production in Fremont. The information comes from an e-mail that Bloomberg obtained. Jerome Guillen, an executive at the company said: "I can't be too specific about this email, but I think you'll be very satisfied with the developments to come."

Dominant position. Representatives of major American technology companies (Google, Amazon.com, Facebook, Apple...) will be heard on July 16 by an American parliamentary committee on antitrust issues. Specifically, it is the Antitrust Subcommittee of the Judicial Affairs Committee of the House of Representatives. The Senate Judicial Affairs Committee has also scheduled a hearing on the same day. The American authorities are increasingly concerned about oligopolies in technological market segments.

Fined! The British data policeman is not kidding about information leaks: after British Airways, it is Marriott International that faces a very heavy fine ($124 million) for the giant piracy of which the group was victim via Starwood. "We are disappointed with this notification of intent by the Information Commissioner's Office, which we will contest," said the group's CEO. Last year, Marriott revealed that Starwood's reservation system had been compromised as early as 2014, probably resulting in one of the largest personal data leaks in recent history.

Guilty and responsible. The Brazilian courts find Vale guilty of the Brumadinho dam disaster in Minas Gerais, without fixing any financial compensation at this stage. However, the judge confirmed the freezing of the equivalent of €2.58 billion of assets belonging to the mining group.

In other news. Steinhoff unloads Conforama's general manager, Frank Deshayes. Ross believes that the United States can grant U.S. companies permission to sell technology to Huawei if national security is not threatened. Burckhardt Compression takes control of the American company Arkos Group by exercising its option. Assicurazioni Generali is reportedly in exclusive negotiations to acquire its Portuguese counterpart Tranquilidade for 550 to 600 million euros. T-Mobile US will replace Red Hat without the S&P500. GAM Holding loss-making in the first half of the year. Groupe Bruxelles Lambert takes control of Webhelp on the basis of an enterprise value of €2.4 billion.