FT : EU to relax merger rules in bid to create ‘European champions’

EU to relax merger rules in bid to create ‘European champions’
Draft reforms stress benefits of scale and investment in competition regulator’s assessment of proposed deals

The EU is planning the biggest relaxation of its rules on corporate mergers in decades as Europe faces increasing pressure to build global champions capable of taking on US and Chinese rivals.

The European Commission will give greater weight to “innovation, investment and resilience of the internal market”, when deciding whether to sign off on deals, according to draft guidelines seen by the FT.

The proposed change would mark the most radical shake-up by Brussels since the 2000s, when competition regulators put the effect of mergers on consumers at the heart of their decisions.

The new merger guidelines, which are still subject to change, would broaden the terms on which Brussels weighs whether a merger is acceptable. The reforms have been highly anticipated by dealmakers and investors looking at potential future consolidation.

If adopted by the Commission, the new policy approach would reflect a broader change in the political mood across the continent, with calls to enable more “European champions” to take on corporate giants in the US and China.

“The guidelines are a break from the past,” an EU official said, calling them “an ambitious approach that reflects the realities of increasingly challenging global competition”. The official added that the guidelines reflect “the priorities of this Commission mandate — ambition and scale”.

To increase competitiveness, European Commission president Ursula von der Leyen has championed a “new approach” on competition that is “more supportive of companies scaling up in global markets”.

But it has faced resistance from some liberal member states and parts of the Commission, which fear that relaxing constraints on mergers would hurt innovation, damp investment and force consumers to pay more for goods and services.

The draft guidelines maintain the core objective of preserving effective competition. But they note that “the growth and scaling-up of firms . . . so as to reach the necessary size to compete globally, can be pro-competitive”, arguing this can have a “positive impact” on the EU.

Noting a changed geopolitical context, the document argues the economy has also “shifted towards more innovation-heavy sectors where both scale and innovation are critical to compete”.

It calls on the EU’s antitrust division to pay closer attention to the impact of mergers on “scale, innovation, investment and resilience as pro-competitive factors that can benefit from a degree of consolidation”.

While these factors were taken into consideration when investigating European mergers, companies have long complained that such arguments were always secondary to assessments of pricing power.

The draft guidelines argue that innovation and scale ultimately benefit consumers, for example by securing access to critical inputs and strengthening the resilience of supply chains.

The European Commission declined to comment.

FT : ‘$20bn in 20 minutes’: the man turning Donald Trump into a global deal mach

‘$20bn in 20 minutes’: the man turning Donald Trump into a global deal machine
Paolo Zampolli provides access to the US president and his officials — at a price

Paolo Zampolli has a catchy pitch: “$20bn in 20 minutes”. 

It’s a motto for the man who has said he introduced Melania and Donald Trump and jets between European and Middle Eastern capitals, sometimes alongside top US officials, sometimes next to catwalk models.

“My number-one boss is the president of America,” Zampolli told the FT. “I get my instructions from the White House, Commerce and the Department of War . . . anything to advance the America First agenda.”

Last week, in his official capacity as US special envoy, Zampolli was with vice-president JD Vance in Hungary, where he cut a deal to sell nuclear energy. A few months earlier, he was in Uzbekistan pushing Boeing planes.

“I’ve actually become Boeing’s number-two salesperson in the world, right after the president . . . unpaid, but it’s true,” he said, with a mix of pride and theatrical disbelief.

Boeing did not confirm this characterisation of his role. But the line is vintage Zampolli. It captures an archetype for an era of outrageous money-making.

Zampolli’s evolution from New York socialite and former modelling agent to globetrotting Trump envoy offers a window into how the US president exercises transactional power. Loyalists are deployed as intermediaries in a system where access, relationships and deals often blur into one.

Zampolli’s proximity to power has drawn scrutiny. The New York Times recently reported that he sought help from US immigration authorities in a dispute with his former partner, Amanda Ungaro, a Brazilian national who was ultimately deported. The report suggests Zampolli may have used his ties to the White House to target his former partner of nearly two decades, with whom he is in a custody dispute over their son.

He dismissed the episode as inaccurate and politically motivated, insisting he had not asked for any favours but merely sought clarity on the case.

But the recent noise has not hampered Zampolli’s ability to build a role and a business model around facilitating deals for Trump’s America.

In Zampolli’s telling, the Uzbekistan trip distilled his approach. Officials in the Central Asian country initially floated a $4bn Boeing order. He pushed back. “I said: ‘Are you crazy? I’m not calling my boss for a measly $6bn . . . I want $50bn.’”

Within hours, according to Zampolli, the two sides reached a deal at $20bn. “$20bn in 20 minutes,” he repeated, in a thick Italian accent. “I’ve worked on many more . . . small ones that I feel embarrassed to mention because they’re less than a billion.”

The reality is different. Trump announced in September that Uzbekistan Airways had agreed to buy 22 planes for more than $8bn, with an option to buy more. Later, Trump said Uzbekistan would invest “over $100 Billion Dollars” in American industry.

“The president alone closed the Boeing deal with Uzbekistan Airways for 22 Dreamliner aircraft during his September 5, 2025 call with President [Shavkat] Mirziyoyev,” a US state department official told the FT. “The president has assembled a robust team dedicated to implementing his vision to put America First and advance our national interests.”

Zampolli also touted a recent deal to open “Donald J Trump Park” in Romania’s capital of Bucharest to celebrate the 250th anniversary of America’s independence.

Like the US president whose style he emulates, Zampolli is not big on the particulars and quick to downplay the mechanics of his deals. “I bring people together, global partnerships. Then there are the details . . . that’s when the secretaries step in.”

But the logic of his diplomacy is simpler and more revealing.

“Whenever people see me, they want something. They want access to the president,” he said. “I tell them: ‘Buy Boeing.’ If you want to make the president happy, buy Boeing. It’s the simplest thing in the world.”

Boeing declined to comment. The White House referred a request for comment to the state department.

Zampolli does not make a secret of his role. Much of his work as an envoy is documented on his Instagram feed, a running highlight reel of meetings and handshakes and deals.

Long before he was cutting deals on behalf of Washington, Zampolli was a fixture of New York’s late 1990s nightlife and modelling scene — a swaggering impresario whose confidence often outpaced his English.

An October 2001 profile in Vanity Fair captured him in full, both mocking and marvelling at his improbable influence over the city’s social and fashion circuits.

“Zampolli’s presence on ‘Page Six’, the gossip column in The New York Post — where he is always identified as a ‘model mogul’ — is surpassed only by ‘hot-blooded hotel heiress’ Paris Hilton’s,” wrote Vanity Fair in a roughly 3,000-word profile titled Ze-e E-e-en credible Paolo!, an irreverent, if not entirely politically correct, portrait.

Around that time, Zampolli — scion of an Italian family with roots in steel and railways who claims to have distant ties to the Agnelli business dynasty and even a pope — struck the deal that would define his life. He has said that in 1998 he introduced a young Slovenian model, Melania Knauss, to Trump at a fashion week party.

Zampolli’s role in the first couple’s origin story spilled into public view in recent days, after Melania Trump held a surprise press conference in which she denied any ties to Jeffrey Epstein and said the late child sex offender played no role in her introduction to her husband.

Shortly after, Ungaro, Zampolli’s former partner, alluded on X that Melania Trump had a connection to Epstein before later deleting the posts.

Zampolli, characteristically, brushed it aside. “And what does Jeffrey Epstein say [about me]? ‘He’s trouble stay away.’ And sure enough, he hated me. It’s not like the Epstein files revealed, ‘If you want hookers, call Paolo,’ or ‘Paolo is on the island.’ No he never invited me to the island.”

In a Trump administration that prizes loyalty and results over process, Zampolli embodies a kind of parallel diplomacy: informal, personality-driven and all about the deals.

The effect is the collapse of distinctions that have long underpinned US foreign policy: between statecraft and salesmanship, public office and private network, diplomacy and dealmaking.

For Zampolli, there is no contradiction. The pitch remains the same, whether delivered in a Budapest ministry or a Central Asian capital: big numbers, quick timelines and a clear message about how to get what you want.

“Buy American,” he says.

If that doesn’t work: “$20bn in 20 minutes.”

>>> La Lettre — 16 April 2026 | Summary (ENGI / LR / FNAC)

La Lettre — 16 April 2026 | Summary

🇬🇧 ENGLISH
1. Engie in an Uncomfortable Position on Lecornu’s Electrification Plan (Énergie & Environnement)
Sébastien Lecornu’s electrification plan — banning gas boilers in new builds and exiting 2 million social housing units from city gas by 2050 — has broadly been accepted at Engie’s top level, consistent with the group’s pivot toward electricity (including its recent acquisition of UK Power Networks). However, anxiety is running high in the gas subsidiaries: GRDF CEO Laurence Poirier-Dietz sent an internal message on April 13 trying to reassure staff, acknowledging the announcements could be “troubling.” She raised unanswered questions on household finances, electricity grid constraints, and the cost of massive electrification. On April 14, Engie deputy CEO Cécile Prévieu responded via LinkedIn, arguing electrification alone could not meet all challenges, and emphasising the complementarity of electrons and gas molecules (biomethane, hydrogen).
2. Think Tank Écologie Responsable Courts the Tories for 2027 (Politique)
The eco-conservative think tank Écologie Responsable is travelling to London April 20–22 with LR elected official Florence Portelli and its director general Ferréol Delmas to draw inspiration from British Conservatives ahead of the 2027 French presidential election. Meetings are planned with former Boris Johnson advisers, including Sam Richards of Britain Remade and Benet Northcote, former adviser to King Charles III. The think tank aims to build a reservoir of ecology-focused, pro-business, low-carbon proposals for the French right, from Édouard Philippe’s Horizons to David Lisnard’s Nouvelle Énergie and LR candidates Retailleau, Wauquiez and Bertrand.
3. Legrand: Angeles Garcia-Poveda Still Seeking the Right Board Formula (Entreprises — Comex & CA)
Governance adjustments at Legrand ahead of its May 27 AGM show the group extending its leadership transition. Garcia-Poveda is seeking a three-year mandate renewal to remain non-executive chair despite losing her independence in 2024. Michel Landel’s mandate will not be renewed, reducing the board from 14 to 12 members; Isabelle Boccon-Gibod will take the “référent” administrator role, though she too will lose her independence within two years. A conflict-of-interest concern arises as board member Stéphane Pallez is married to François Auque, a Rexel director — and Legrand and Rexel were fined by the competition authority in late 2024 for a vertical price-fixing arrangement. Gilles Schnepp’s inner circle is quietly fading: he has already lost his Saint-Gobain seat and resigned from Sanofi’s board in 2024 amid a PNF investigation into the Opel sale, though he remains chairman of Danone.
4. Truffle Capital vs. Former Secretary General Over Share Valuation (Finance)
In a little-noticed ruling in late October 2025, a Paris commercial court ordered Truffle Capital (run by Philippe Pouletty) to pay former secretary general Émilie Lhopitallier €127,000 for her 17,292 shares upon her departure in May 2024 — twice the firm’s own offer of €62,000, though well below her claim of €198,000. The case will go to appeal in 2027.
5. Fnac and Booksellers Prepare a Fresh Offensive Against Amazon (Médias — Édition)
A coalition of Fnac, independent booksellers (SLF, 3,200 stores) and cultural distributors (SDLC, Cultura, Maison de la presse) is preparing to sue Amazon before the Paris commercial court. The dispute centres on Amazon exploiting a loophole in the Darcos law by offering free delivery to its 3,000 Locker pickup points, circumventing the mandatory €3 minimum shipping charge on online book orders. A mediation attempt failed in March 2026. The coalition is also awaiting a Conseil d’État ruling on Amazon’s challenge to the Darcos law itself.

🇫🇷 FRANÇAIS
1. Engie dans une posture inconfortable face au plan Lecornu (Énergie & Environnement)
Le plan d’électrification de Sébastien Lecornu — interdiction des chaudières à gaz dans le neuf, sortie du gaz de ville pour 2 millions de logements sociaux d’ici 2050 — est globalement accepté par la direction d’Engie, en cohérence avec le virage électrique du groupe (dont le rachat de UK Power Networks). Mais l’inquiétude est vive dans les filiales gazières : la DG de GRDF Laurence Poirier-Dietz a tenté de rassurer ses équipes le 13 avril dans un message interne, reconnaissant que les annonces pouvaient “troubler”. Elle soulève des questions sans réponse sur la capacité financière des ménages et le coût de l’électrification massive. Le 14 avril au soir, la DGA d’Engie Cécile Prévieu a répondu sur LinkedIn en défendant la complémentarité électron/molécule (biométhane, hydrogène).
2. Écologie responsable en tournée chez les Tories pour nourrir la droite en 2027 (Politique)
Le think tank éco-conservateur Écologie responsable se rend à Londres du 20 au 22 avril avec Florence Portelli (LR) et son DG Ferréol Delmas pour s’inspirer de l’expérience conservatrice britannique en vue de la présidentielle 2027. Au programme : des échanges avec d’anciens conseillers de Boris Johnson (Sam Richards de Britain Remade, Benet Northcote, ancien conseiller du roi Charles III), ainsi qu’avec des élus conservateurs engagés sur les sujets écologiques. L’objectif est de constituer un réservoir de propositions pour un spectre large allant d’Horizons à LR.
3. Legrand : Garcia-Poveda cherche encore la bonne formule pour son CA (Entreprises)
À l’approche de l’AG du 27 mai, Legrand prolonge sa transition au sommet. Garcia-Poveda sollicite un nouveau mandat de trois ans malgré la perte de son indépendance. Michel Landel ne sera pas renouvelé ; Isabelle Boccon-Gibod devient administratrice “référente”, mais elle-même ne sera plus indépendante dans deux ans. La présence de Stéphane Pallez — mariée à François Auque, administrateur de Rexel — pose un problème de gouvernance, alors que Legrand et Rexel ont été sanctionnés fin 2024 pour entente verticale sur les prix. La garde rapprochée de Gilles Schnepp s’efface progressivement.
4. Truffle Capital et son ex-secrétaire générale s’affrontent sur des parts sociales (Finance)
Dans une décision passée inaperçue fin octobre 2025, le tribunal de commerce de Paris a condamné Truffle Capital à verser 127 000 € à Émilie Lhopitallier pour ses 17 292 actions à son départ en mai 2024 — soit le double de l’offre initiale du fonds (62 000 €), mais bien en deçà des 198 000 € réclamés. L’affaire sera jugée en appel en 2027.
5. La Fnac et les libraires préparent une nouvelle offensive contre Amazon (Médias)
Une coalition regroupant la Fnac, le SLF (3 200 librairies indépendantes) et le SDLC (Cultura, Maison de la presse) s’apprête à assigner Amazon devant le tribunal des affaires économiques de Paris. Le litige porte sur l’exploitation d’une faille de la loi Darcos : Amazon contourne l’obligation de frais de port minimum de 3 € en proposant une livraison gratuite dans ses 3 000 casiers Locker. Une tentative de médiation a échoué fin mars 2026. La coalition attend par ailleurs une décision du Conseil d’État sur le recours d’Amazon contre la loi Darcos.​​​​​​​​​​​​​​​​

>>> Europe : Brokers Upgrades & Downgrades - 16th of April 2026 V2(+)

>>> Up
* 2G Energy PT Raised to 50 euros at Bankhaus Metzler (+)
* BP Raised to Buy at UBS; PT 700 pence
* Getlink Raised to Neutral at BofA (+)
* H&R Raised to Hold at DZ Bank; PT 4 euros (+)
* Norwegian Air Raised to Buy at Pareto Securities; PT 17 kroner (+)
* Pfisterer Holding PT Raised to 100 euros at Berenberg

>>> Down
* BMW PT Cut to 69 euros from 72 euros at Kepler Cheuvreux
* Bytes Technology Cut to Neutral at UBS; PT 305 pence
* Colruyt price target lowered to EUR 24.85 from EUR 27.94 at JPMorgan
* Daimler Truck Cut to Reduce at Kepler Cheuvreux
* EDP SA Cut to Underperform at BofA (+)
* Endesa Cut to Neutral at Alantra Equities; PT 39 euros (+)
* Granges Cut to Hold at Kepler Cheuvreux (+)
* Grenergy Renovables Cut to Market Perform at Bernstein (+)
* Jet2 Cut to Hold at Goodbody; PT 1,320 pence (+)
* Kongsberg Cut to Hold at Nordea
* LEG Immobilien Cut to Neutral at Van Lanschot Kempen (+)
* Oerlikon Cut to Hold at Research Partners; PT 3.60 Swiss francs (+)
* Porsche Cut to Reduce at Kepler Cheuvreux (+)
* Stellantis Cut to Hold at Kepler Cheuvreux (+)
* Telia Cut to Hold at Kepler Cheuvreux (+)
* Telia Cut to Sell at ABG; PT 43 kronor (+)
* Tele2 Cut to Hold at Kepler Cheuvreux (+)
* Tele2 Cut to Hold at ABG; PT 195 kronor (+)
* Unite Group Raised to Buy at Kepler Cheuvreux (+)
* Viscofan Cut to Hold at Bestinver; PT 67.45 euros

>>> Initiation
* ABB Rated New Buy at SB1 Markets; PT 81.08 Swiss francs
* Aumovio Reinstated Buy at BofA (+)
* Autoliv Reinstated Buy at BofA (+)
* Capgemini ADRs Rated New Outperform at BNP Paribas; PT $35 (+)
* Forvia Reinstated Underperform at BofA (+)
* Kingspan Reinstated Neutral at Goldman; PT 80 euros
* Pfizer Rated New Outperform at CICC; PT $33
* Valeo Reinstated Neutral at BofA
* Veon ADRs Rated New Buy at Rothschild & Co Redburn; PT $74.16

>>> Call
* Antofagasta Upside More Limited Near-Term, Berenberg Downgrades (+)
* BP Upgraded to Buy at UBS on Turnaround Potential, Higher Oil
* End of War Priced in Though ‘We’re Not There Yet’: HSBC George
* Flutter Gets Only Sell as Citi Cuts on Lower US Conviction (+)
* Tesco May Rise After Annual Earnings Top Consensus, Citi Says (+)
* Uber, Lyft Earnings to Peak in 2028, Canaccord Says

>>> TradeGate Pre-Market Indications

DAX:
  • Heidelberg Materials (HEI TH) +1.6%
    • US to Preserve Billions in Hydrogen Funds Pegged for Termination
MDAX:
  • Freenet (FNTN TH) +2%
    • Freenet Weighs IPO Among Strategic Options for Waipu.TV
  • Redcare Pharmacy NV (RDC TH) +1.1%
  • AUTO1 (AG1 TH) +1.1%
    • DWS Invest ESG European Small/Mid Cap Adds Aalberts, Exits AUTO1
  • Schaeffler (SHA0 TH) +1.1%
  • Fuchs (FPE3 TH) -1.7%
  • Aixtron (AIXA TH) -5.8%
    • Aixtron Banks Offer Up to EU140m Shares: Terms
SDAX:
  • Suedzucker (SZU TH) +1.7%
  • Tonies SE (TNIE TH) +1.2%
  • Mutares (MUX TH) +1%
  • Heidelberger Druck (HDD TH) -5.1%
    • EQS-Adhoc: Heidelberger Druckmaschinen Aktiengesellschaft: HEIDELBERG adjusts earnings forecast for the 2025/2026 financial

>>> Stoxx 600 Pre-Market Indications

  • Novo (NOV TH) +2.7%
  • ASML (ASME TH) +2.3%
  • Adyen (1N8 TH) +2.1%
  • ING (INN1 TH) +1.9%
  • Freenet (FNTN TH) +1.6%
  • Monte Paschi (MPI0 TH) +1.5%
  • Fresnillo (FNL TH) +1.3%
  • LVMH (MOH TH) +1.3%
  • Kesko (KEK TH) +1.3%
    • Kesko March Comparable Sales +9.7%
  • CSG NV (NW0 TH) +1.2%
  • Bawag (0B2 TH) -1%
  • Eni (ENI TH) -1%
  • Aena (A441 TH) -1.1%
  • OMV (OMV TH) -1.1%
  • K+S (SDF TH) -1.3%
  • EDP SA (EDP TH) -1.3%
  • Fuchs (FPE3 TH) -1.6%
    • FUCHS Targets Ebit of EU550M to EU600M by 2031 in New Strategy
  • Equinor (DNQ TH) -2%
  • TotalEnergies (TOTB TH) -2.4%
  • Aixtron (AIXA TH) -5.8%
    • Aixtron Banks Offer Up to EU140m Shares: Terms

>>> Europe : Brokers Upgrades & Downgrades - 16th of April 2026

>>> Up
* BP Raised to Buy at UBS; PT 700 pence

>>> Down
* Bytes Technology Cut to Neutral at UBS; PT 305 pence
* Colruyt price target lowered to EUR 24.85 from EUR 27.94 at JPMorgan
* Viscofan Cut to Hold at Bestinver; PT 67.45 euros

>>> Initiation
* ABB Rated New Buy at SB1 Markets; PT 81.08 Swiss francs
* Kingspan Reinstated Neutral at Goldman; PT 80 euros
* Pfizer Rated New Outperform at CICC; PT $33

>>> Call
* BP Upgraded to Buy at UBS on Turnaround Potential, Higher Oil
* End of War Priced in Though ‘We’re Not There Yet’: HSBC George
* Uber, Lyft Earnings to Peak in 2028, Canaccord Says

>>> What to look at today - 16th of April 2026

Asian shares advanced as investors piled back into equities on signs the US and Iran may extend a ceasefire, helping markets unwind war-driven risk premiums. The MSCI Asia Pacific Index rose 1.2%, nearing levels seen before the war began, as optimism over a potential US-Iran ceasefire and strong US corporate earnings lifted sentiment. Earlier, Wall Street gauges closed at record highs as traders bet a de-escalation of the Middle East conflict will ease oil prices and lift economic growth. Shares in China held their gains after economic growth rebounded more than expected in the first quarter of 2026. Helping sentiment, global crude benchmark Brent held around $95 a barrel, well below last month’s peak of nearly $120. As Middle East tensions cooled, the dollar — which emerged as the haven of choice during the conflict — weakened, with the Bloomberg Dollar Spot Index set for its longest losing streak since December 2006. Investors have returned to equities despite lingering uncertainty over the war’s trajectory, as expectations grow that the US and Iran will continue negotiations and avoid further escalation in the Strait of Hormuz. Renewed enthusiasm for technology stocks has helped drive a sharp reversal from last month’s selloff, which pushed several gauges into technical correction. The US and Iran are considering extending their ceasefire that ends on Tuesday by another two weeks to allow more time to negotiate a peace agreement, according to a person familiar with the matter. Mediators between the warring sides are trying to set up technical talks to resolve the most contentious issues, said the person, who asked not to be named discussing sensitive matters. Those include reopening the Strait of Hormuz and Iran’s nuclear enrichment. Elsewhere, gold rose 0.6% to about $4,820 an ounce, while silver jumped 1.5% to about $80 an ounce. Treasuries advanced, with the yield on the benchmark 10-year falling one basis point to 4.27% as lower oil prices reduced the risk of stoking inflation. The Australian dollar advanced to the highest since June 2022 amid broad weakness in the greenback. Meanwhile on Wall Street, technology stocks led the gains after having lagged for much of the year. The S&P 500 Index has climbed in 10 of the past 11 sessions, while the Nasdaq 100 Index rose for an 11th consecutive day on Wednesday — the longest winning streak since December 2019. Also helping the sentiment was strong earnings. Bank of America Corp. and Morgan Stanley rose as their equity traders posted strong revenue beats.  Greg Fleming, president and CEO at Rockefeller Capital, says that his clients remain focused on the market opportunity in artificial intelligence, even as uncertainty around the Iran war and energy market fallout persists.  The prospect of renewed negotiations has helped sustain a broader risk-on tone across markets. Emerging-market stocks extended gains with the MSCI Emerging Markets Index climbing 1% on Thursday. Benchmarks in Singapore and Taiwan, as well as the MSCI Latin America Index, have all reversed losses that came after the US and Israel attacked Iran. China’s CSI 300 Index joined that list on Wednesday. Also, Taiwan overtook the UK in stock market value as the island’s tech firms regained favor amid hopes for further de-escalation in the Iran war. “North Asia, EM Europe and Latin America have led the relief rally, while oil-importing parts of ASEAN and India have lagged,” Goldman Sachs analysts including Kamakshya Trivedi wrote in a report. “We expect this differentiation to persist given ongoing physical disruptions.” US After Hours CDNA +8.7% and PPG +6.1% higher on upside guidance; QDEL -21.2% lower on downside guidance; CAG +0.8% on insider purchases.

Nikkei +2.41% Hang Seng +1.32% CSI +0.90% Shanghai +0.53% Shenzen +1.38%

Eur$ 1.1815 CNH 6.8151 CNY 6.8176 JPY 158.62 GBP 1.3583 CHF 0.7804 RUB 75.9873 TRY 44.7606 WTI$ 91.69 +0.44% Gold 4,824 +0.43% BTC 74,970 +0.15% ETH 2,360 -0.14%

S&P +0.16% Nasdaq +0.30% EuroStoxx +0.31% FTSE -0.10% Dax +0.14% SMI

Macro :
- US, Iran Weigh Truce Extension With Hormuz Still Shuttered
- China’s Economy Revs Up Despite War as Growth Tops Forecasts
- US Probes Suspicious Oil Trades Made Before Trump Pivots
- Taiwan Market Cap Tops $4 Trillion on AI Boom, Overtaking UK
- End of War Priced in Though ‘We’re Not There Yet’: HSBC George
- Macro Hedge Funds Hammered in China as Bridgewater Loses 5.6%
- Chinese Equities Might Hold Up Better Than Most if Mideast Conflict Re-Escalates
- Russian Billionaire Wins Key Ruling Over Fund Eyed by Oaktree

Keep an eye on :
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- AA US : Alcoa Profit Boosted by Rising Aluminum Prices: Preview
- OWL US : Blue Owl Surges Most Since 2022 Amid Banks’ Private Credit Calm
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- 3750 HK : CATL Jumps After 1Q Beat With Better Product Mix, CATL Shares Jump on Critical-Minerals Expansion Plan, Earnings -->+10%
- CGX CN : Canada’s Cineplex Is Gauging Interest From Potential Buyers
- DDRIL NO : Dolphin Drilling Completes Upsized Private Placement
- LLY US : Alzheimer’s Drugs Targeting Amyloid Don’t Help, Review Finds
- XOM US : Trump Officials to Urge Oil CEOs to Boost Drilling: Politico
- FNTN GY : Freenet Weighs IPO Among Strategic Options for Waipu.TV
- GXI GY : Gerresheimer Creditors Extend 2025 Financial Statements Deadline
- GOOGL US : Alphabet Poised for $100 Billion Windfall on SpaceX Investment
- HIMS US : Hims & Hers Shares Jump After RFK Jr. Touts FDA’s Peptide Update
- ITX SM : Inditex Reports Unauthorized Access of Data Held by Third Party
- JCI US : Johnson Controls Is Said to Weigh $4.5 Billion in Divestitures
- BMPS IM : Delfin Is Said to Have Voted for PLT List in Paschi AGM
- BMPS IM : Banco BPM Is Said to Have Voted for PLT List at Paschi AGM
- RIO LN : Rio Tinto Advances Kitimat Ops With New Conveyor Commissioning
- SPM IM : Saipem Gets Two Offshore Contracts in Saudi Arabia for ~$400M
- STR AV : Strabag Selldown Fueled by German Building Spree: ECM Watch
- TSLA US : Musk Asks Suppliers to Move at ‘Light Speed’ on Terafab Plan
- ZIM US : *ZIM INTEGRATED SHIPPING BOARD TO INITIATE CEO SEARCH PROCESS