Nike (NYSE:NKE) – Converse, a Nike subsidiary, will cut jobs as part of its ongoing $2 billion cost reduction plan. Nike, affected by cautious consumer spending, will reduce product supply and management layers, along with facing job cuts in its operations.

OpenAI – Ilya Sutskever, co-founder and chief scientist of OpenAI, is leaving the company after losing his seat on the board. He expressed confidence in the current leadership and announced future plans. Jakub Pachocki steps in as chief scientist. The departure comes after the unveiling of the GPT-4 model.

Warner Bros Discovery (NASDAQ:WBD) – Warner Bros Discovery has increased its offer to repurchase investors’ debt by $750 million, totaling up to $2.5 billion. This move is part of a plan to reduce its debt and interest costs. The company is seeking cost reduction opportunities to meet its financial goals.

Paramount Global (NASDAQ:PARA), Sony (NYSE:SONY) – CNBC reported on Tuesday that Sony Pictures is reconsidering its bid for Paramount Global.

Comcast (NASDAQ:CMCSA) – Comcast is planning to launch StreamSaver, a streaming bundle combining Peacock, Netflix, and Apple TV+, in an attempt to retain subscribers amid fierce competition. CEO Brian Roberts emphasized that the price will be highly competitive.

America Movil (NYSE:AMX) – The FCC has resolved investigations into America Movil’s submarine cable connections linking the US to Colombia and Costa Rica, made without necessary approval, raising national security concerns. LATAM Telecommunications and Puerto Rico Telephone will each pay fines of $1 million and adhere to a compliance plan.

Verizon (NYSE:VZ) – Verizon Consumer CEO Sowmyanarayan Sampath sees AI doubling traffic in the next five years. The company is already integrating AI into its customer service and anticipates automation in routine processes.

Amazon (NASDAQ:AMZN) – Amazon Web Services (AWS) plans to invest around $8.44 billion (7.8 billion euros) by 2040 to develop cloud computing infrastructure in Germany, specifically for the European market. AWS will open several data centers in Brandenburg by the end of 2025.

Oracle (NYSE:ORCL) – Elon Musk’s artificial intelligence startup, xAI, is in talks with Oracle to spend $10 billion on cloud servers. This would make it one of Oracle’s largest clients as Musk seeks to compete with OpenAI and Google. The negotiations are ongoing.

Alphabet (NASDAQ:GOOGL) – Alphabet has launched Trillium, a new artificial intelligence chip for data centers that is nearly five times faster than its predecessor. Sundar Pichai, CEO of Alphabet, highlighted the exponential growth in demand for AI computing, stating that Google has been a leader in this technology for over a decade. Alphabet also emphasized the integration of AI into its services, including an enhanced chatbot called Gemini and updates to its search engine. Additionally, YouTube complied with a court decision blocking 32 versions of the protest song “Glory to Hong Kong” in response to an injunction.

Meta Platforms (NASDAQ:META) – Meta Platforms announced it will discontinue its Workplace app in June 2026 to focus on the development of artificial intelligence and metaverse technologies. Workplace will continue to be used internally by Meta and will remain available to customers until August 2025, with migration options to Zoom’s Workvivo.

Nvidia (NASDAQ:NVDA) – Nvidia CEO Jensen Huang saw a 60% increase in salary last year, with a total compensation of $34.2 million in 2024. This increase was mainly driven by stock awards and incentives from the compensation plan, including expenses for private security.

ASML (NASDAQ:ASML), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – ASML Holding NV’s advanced chip machines are raising concerns about their high prices, according to TSMC. The cost of the new machines, capable of printing semiconductors with 8 nanometers thickness, is $380 million each, highlighting financial challenges in the industry.

3M (NYSE:MMM) – 3M announced on Tuesday that the annual compensation of some executives, including former CEO Mike Roman, did not receive sufficient support in a shareholder advisory vote. Roman received $16.4 million in 2023, an increase from $14 million in 2022, despite legal challenges and sales slowdown. The vote, though non-binding, is considered by the board in compensation reviews.

BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP is considering expanding its $42.7 billion offer for Anglo American or making a hostile bid, ahead of the imminent May 22 deadline for a formal proposal. Anglo has rejected two previous offers, planning to focus on copper and sell less profitable businesses. Meanwhile, BHP defends the deal at a conference in Miami, highlighting potential strategies to persuade Anglo shareholders. The miner also mentions the risk of rejection and the need for cooperation from Anglo’s management to overcome regulatory challenges.

Petrobras (NYSE:PBR) – Petrobras CEO Jean Paul Prates has offered his resignation amid political changes, with the appointment of Magda Chambriard, former head of ANP, as his replacement, indicating possible political interference. The company’s shares fell after the announcement, reflecting investor concerns about governance and the company’s future direction.

Chevron (NYSE:CVX) – In April, Chevron led US stock sales, surpassing Tesla, due to the increase in bets on weaker energy prices, according to Hazeltree. Although its quarterly results were strong, the drop in energy prices affected its refining margins.

TotalEnergies (NYSE:TTE), Shell (NYSE:SHEL) – TotalEnergies CEO considers switching the primary listing to the US due to the increase in American shareholders and better valuations. However, it will maintain a listing in Paris. Macron opposes the move. Shell’s CEO also sees New York as an attractive option due to superior valuations.

Boeing (NYSE:BA) – The US Department of Justice has accused Boeing of violating a 2021 agreement related to the 737 MAX accidents. The failure was highlighted after an in-flight explosion, threatening Boeing with criminal proceedings and penalties. Boeing announced yesterday that it delivered 24 commercial aircraft in April, two fewer than the previous year, partly attributed to the closure of Lynx Air operations. Production of the 737 MAX has been reduced to improve quality. Boeing’s competitor, Airbus, delivered 61 aircraft in April. Additionally, the first manned mission of the Starliner was postponed to May 21 due to a helium leak. Additionally, the US Air Force has fined the United Launch Alliance (ULA) for undisclosed amounts for delays in launching military satellites.

Carvana (NYSE:CVNA) – Carvana CEO Ernest Garcia III anticipates that used car sales will be boosted by early signs of a possible oversupply of new cars. He notes an increase in new car inventories in the US, which could benefit the online retailer of used cars.

General Motors (NYSE:GM) – GM’s autonomous car unit has agreed to pay between $8 million and $12 million to a pedestrian hit by one of its vehicles in San Francisco. After the incident, Cruise suspended its fleet in the US, but now plans to resume testing in Phoenix.

Honda Motor (NYSE:HMC) – Honda is downsizing its workforce in China, with 1,700 employees from GAC Honda agreeing to voluntary layoffs.

Tesla (NASDAQ:TSLA) – After declines in the previous week, Tesla’s shares have rebounded with consistent gains. On Tuesday, they rose 3.3%, closing at $177.55, totaling a 5.4% gain for the week. Shares are up 0.8% in pre-market trading, heading for three consecutive days of gains. New tariffs on Chinese cars may have influenced. Additionally, Tesla is seeking support from its large retail investors for Elon Musk’s compensation package, hiring consultants and creating the Vote Tesla website. The advisory vote on June 13 could significantly influence the future of Musk’s leadership and the company. In Sweden, the largest union supports a six-month strike by Tesla mechanics, exacerbating tensions between the automaker and workers. Elon Musk’s refusal to sign a collective agreement is at the heart of the conflict. Other unions have also joined the action, seeking to protect collective agreements. Additionally, an environmental organization has sued Tesla, accusing it of violating the Federal Clean Air Act at its California factory by repeatedly emitting harmful pollutants. The lawsuit seeks an injunction to stop excessive pollution and daily fines of up to $121,275.

Aiways – The Chinese electric vehicle manufacturer Aiways will merge with the American company Hudson Acquisition Corp, in a deal valued at about $400 million. The merger represents a turning point for Aiways, which had paused production due to intense price wars in the Chinese electric vehicle market.

MSCI Inc (NYSE:MSCI), MicroStrategy (NASDAQ:MSTR) – MSCI will include MicroStrategy and 41 other companies in its global index, with notable additions also in emerging and frontier markets indices. The revisions reflect changes in the market capitalization of constituents and impact billions of dollars in investments in ETFs that follow these indices. The changes will be effective at the close of market on May 31.

Citigroup (NYSE:C) – Titi Cole, a key executive at Citigroup responsible for leading a broad restructuring plan, is leaving the bank, according to an internal memo. As head of old franchises, Cole played a crucial role in simplifying the bank, completing the sale of consumer banking operations in nine markets.

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase’s new co-heads of global sales and research, Claudia Jury and Scott Hamilton, highlight the dual impact of artificial intelligence on the economy, initially driving inflation with investments in infrastructure and later promoting deflation with business efficiency.

Nomura Holdings (NYSE:NMR) – Nomura Holdings Inc. aims to nearly double its profits by 2030, boosting its wholesale division to finance its own operations and expanding into strategic areas. CEO Kentaro Okuda outlined plans to achieve over $3.2 billion in pretax profit by 2031, approximately 1.8 times its result in the last fiscal year, driving growth and efficiency.

New York Community Bancorp (NYSE:NYCB) – NYCB announced the sale of approximately $5 billion in mortgage loans to JPMorgan Chase (NYSE:JPM), a move aimed at strengthening the bank’s liquidity and capital as it works to return to profitability over the next two years. The transaction is expected to significantly improve NYCB’s capital ratio and liquidity profile.

GameStop (NYSE:GME), AMC Entertainment (NYSE:AMC) – Shares of GameStop, AMC, and other meme stocks surged in recent days, driven by the return of “Roaring Kitty” Keith Gill to social media. Gill, central to the meme stock frenzy of 2021, posted a clip of “Braveheart” associated with GameStop, reigniting investor interest and speculation. AMC Entertainment’s shares specifically rose over 140% this week and completed a stock sale initiated in March. The company, while outperforming many competitors, faces significant debts that may limit its ability to pay and attract new investors. GameStop and AMC rose 12% and 11.4% in Wednesday’s pre-market trading, respectively.

Procter & Gamble (NYSE:PG) – Procter & Gamble surprised by foregoing its traditional emotional campaign for the Paris 2024 Olympics, opting to highlight individual brands such as Pampers and Gillette. Reducing its spending on Olympic advertising, the company focuses on over 30 brands, aiming to serve athletes and families globally.

Yum! Brands (NYSE:YUM) – Pizza Hut is launching the Cheeseburger Melt, a new addition to its Melts sandwich line, featuring beef, bacon, onions, mozzarella, and cheddar between two thin pizza crusts. Despite sales challenges, Pizza Hut follows the industry trend of diversifying its menu.