TheChek News Flow

• Oil extended its rally and stocks dropped amid little progress on reopening the Strait of Hormuz.
• The yen edged higher after the Bank of Japan kept its policy rate unchanged in a split decision.
• Higher oil prices and key risk events coming up later this week curbed enthusiasm for stocks.

Macro :

- BNP Expects Up to $40 Billion of US Stock Sales: Equity Insight

- Xi Tests China’s Reach by Blocking Already-Done Meta Deal

- BofA Sees IG Bond Issuance Slowing after Record Start to Year

- BofA’s Guenthardt Says Some Firms Take an M&A Pause on Iran War

- Milken-Linked Silver Rock Raised Over $4b Credit Fund: FT
- Hawkish Dissent at BOJ Weighs on Stocks, Lifts Yen

- Adnoc’s XRG to Invest ‘Tens of Billions’ in US Gas Business: FT

- Iran-Linked Oil Tankers Boarded by US Are Reversing Course

- Bitcoin Touches 12-Week High as Traders Weigh Progress on Iran

Keep an eye on :

- AI FP : Air Liquide 1Q Comparable Sales Miss Estimates

- AI FP : Hydrogen’s Role in Energy Resilience Lifts Air Liquide Amid War

- BAYN GY : Bayer Gets Mixed Reception at Supreme Court on Roundup Suits

- BOL SS : Boliden 1Q Adjusted Operating Profit Misses Estimates

- SLBEN PL : Benfica Shareholder Plans Sale of 16.38% Stake to U.S. Investor

- BMEA US : Biomea’s Icovamenib Shows Positive Results in Diabetes Trial
- BUCN SW : Bucher 1Q Sales CHF725M Vs. CHF783M Y/y

- CAN LN : Canal+ SA Says Performance is in Line With Expectations

- 3750 HK : CATL Raises $5 Billion in HK Share Placement Priced at Low End

- CLS US : Celestica Boosts FY Revenue Forecast, Beats Estimates--> -9% in after hours

- ACA FP : Credit Agricole Says Bet on BRL Against COP on Oil, Election

- CRNX US : Crinetics Gets European Commission Approval For Acromegaly Drug

- CCK US : Crown Holdings Sees 2Q Adjusted EPS $2.10 to $2.20, Est. $2.20

- DB1 GY : Deutsche Boerse 1Q Ebitda Beats Estimates

- Digital Edge IPO : Digital Edge Weighs Options Including Sale for Up to $10 Billion

- EDP PL : EDP Renewables to Get $0.2b Reimbursement for US Wind Projects

- ENGI FP : Engie Brasil Said to Tap Banks for $2 Billion Equity Offering

- FLS US : *STARBOARD IS SAID TO BUILD STAKE IN FLOWSERVE, PUSH FOR CHANGES
- INTC US : Can Intel Reclaim the Crown? Assess Outlook After Epic Surge

- META US : Meta Is Preparing to Have to Undo Its Manus Acquisition After China Ban -- WSJ

- MTRS SS : Munters 1Q Net Sales Miss Estimates

- NFLX US : Court Orders S. Korea to Cancel 68.7b Won Tax on Netflix: Yonhap

- NEX FP : Nexans Acquires Republic Wire For €680m

- NEX FP : Nexans 1Q Standard Sales Match Estimates

- NOVN SW : Novartis 1Q Core EPS Misses Estimates

- Open AI IPO : OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO -- WSJ

- PETR4 BZ : Petrobras Buys Stake in Argonauta Field From Shell, Others

- QIA GY : Qiagen Sees FY CER Net Sales About +1% to +2%, Est. +4.62%

- MANE US : Veradermics Said to Plan Pricing Share Sale Late Wednesday

- RIVN US : Rivian Pays CEO $402.6 Million Following Musk-Style Stock Award

- SABA SS : SSAB 1Q Sales Beat Estimates

- UN0 GY : Germany Could Start Uniper Sale Process by Summer: Rtrs

- WRT1V FH : Wartsila 1Q Adjusted Ebit Beats Estimates