Corporate results:
  • BYD, the Chinese manufacturer of electric vehicles, reported H1 profits that more than doubled.
  • Compagnie Financière Richemont reported sales up 14% in the first fiscal quarter, of which 19% on a comparable basis.
  • TomTom exceeds its quarterly forecasts and raises its sales target.
In other news:
  • ASML faces tighter Dutch restrictions on the supply of chip manufacturing equipment to China.
  • Paramount Global lost 2.6% in premarket trading as one of its major shareholders, National Amusements, held talks with the group's creditors to renegotiate part of its debt, the WSJ reported on Friday.
  • Ford announced price cuts for some of its trucks.
  • Acumen Pharmaceuticals gained 43.3% in pre-market trading after the company said on Sunday that its Alzheimer's disease drug had been well tolerated in test phases.
  • Tesla gained 1.8% in pre-market trading after tweeting that it has built its first electric Cybertruck van at its Austin, Texas plant.
  • US FTC requests further information on Pfizer's proposed takeover of Seagen.
  • The FTC loses an appeal against its attempt to suspend Microsoft's takeover of Activision. Microsoft signed an agreement with Sony to keep "Call of Duty" on Playstation.
  • The parliamentary inquiry into the collapse of Credit Suisse will keep its files secret for 50 years, reported the Aargauer Zeitung newspaper.
  • Kahoot accepts a takeover offer from a consortium led by Goldman Sachs AM, priced at NOK 35 per share (approx. $1.7 bn).
  • Telefonica and Asterion are reportedly considering selling Nabiax, their joint venture operating data centers, on the basis of a €1 billion valuation.
  • Russia takes control of Carlsberg's stake in a Russian brewer.
  • Meta Platforms lost 1.2% after the Norwegian Data Protection Authority declared that Meta would be fined $100,000 per day for privacy violations, unless it took corrective measures.
  • United Airlines and its pilots reached a far-reaching wage agreement on Saturday, with pilots benefiting from cumulative pay rises ranging from 34.5% to 40.2% over four years, the Air Line Pilots Association said.
  • Roche takes Biogen to court in the US over patents for its rheumatoid arthritis treatment.
  • Banco Santander plans to accelerate its investment banking activities, particularly in the United States.
  • Proximus acquires Route Mobile.
  • Rio Tinto to acquire a 15% stake in Australian company Sovereign Metals.