SolarEdge Technologies (NASDAQ:SEDG) – SolarEdge Technologies faces a 13.1% drop in pre-market trading after announcing the issuance of $300 million in senior convertible notes due 2029 and revealing that PM&M Electric, a customer owing $11.4 million, has declared bankruptcy under Chapter 7.

Novo Nordisk (NYSE:NVO) – Novo Nordisk announced the approval of Wegovy in China, initially planning to market it to patients who can afford the weekly injectable treatment. While facing competition from Eli Lilly, the company is mindful of the upcoming patent expiration of the key ingredient, semaglutide, in less than two years in the country. Additionally, Novo Nordisk unveiled a $4.1 billion investment in a new facility in Clayton, North Carolina, to expand the production of Wegovy and Ozempic injection pens. With completion expected between 2027 and 2029, this expansion will create 1,000 jobs and aims to meet the growing global demand for obesity and diabetes treatments. Shares rose 1.6% in pre-market trading.

Illumina (NASDAQ:ILMN), Grail – Grail, newly spun off from Illumina, debuts on Nasdaq today with the Galleri test, which aims to detect multiple types of cancer early. With strategic partnerships in health, employment, and insurance, it seeks to expand its global impact following clinical trials and regulatory approvals in the U.S. and abroad.

Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META) – Apple rejected the integration of Meta’s Llama chatbot into its devices due to privacy concerns, according to Bloomberg. Conversations between Apple and Meta in March did not progress to formal negotiations. Simultaneously, Apple has partnered with OpenAI and Alphabet to incorporate their AI technologies.

Nvidia (NASDAQ:NVDA) – Nvidia shares rose 2.30% in pre-market trading. On Monday, Nvidia shares fell 6.7%, marking their third negative session, accumulating a 13% drop over three days. Nvidia entered correction territory, losing $430 billion in market value, the largest three-day devaluation in history, reflecting growing concerns about the sustainability of its high valuation. The sell-off led investors to use technical analysis to seek price support. The stock, now in technical correction, shows signs of capitulation, with potential supports at $115 and $100. Simona Jankowski, Nvidia’s VP of investor relations and strategic finance, is leaving to become CFO of an unspecified startup. She was instrumental in Nvidia’s financial growth during the AI boom, working closely with CEO Jensen Huang since 2001.

Microsoft (NASDAQ:MSFT) – A White House official said on Monday that Microsoft’s $1.5 billion investment in G42 is seen positively as it steers the UAE company away from ties with Huawei, promoting an alternative more aligned with U.S. security interests.

Oracle (NYSE:ORCL) – Oracle warned of the negative financial impact of new U.S. legislation that could ban TikTok from using its internet hosting services. This could significantly reduce its revenue associated with the app, estimated between $480 million and $800 million annually.

Super Micro Computer (NASDAQ:SMCI) – Super Micro Computer shares rose 1.7% in pre-market trading on Tuesday after falling 8.7% in Monday’s session, its worst performance since a 14% drop on May 1.

AT&T (NYSE:T) – AT&T CEO John Stankey proposed that large technology companies contribute to the Universal Service Fund, currently funded by telecommunications subscribers’ fees. He argues that these companies should participate to ensure equitable access to essential services.

Paramount Global (NASDAQ:PARA) – Paramount Global is increasing subscription rates for its streaming services, such as Paramount+ and Paramount+ Essential, by up to $2 per month, aiming to restructure its business and pay down debt. This follows the failure of merger talks with Skydance Media.

Warner Music Group (NASDAQ:WMG) – Record labels Sony Music, Universal Music Group, and Warner Records sued Suno and Udio for copyright infringement for using recordings to train AI music generation systems, alleging direct impact on human artists and demanding up to $150,000 per copied song in lawsuits filed in New York and Massachusetts.

Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group, the company behind Donald Trump’s Truth Social platform, saw its shares rise 10.4% in pre-market trading. On Monday, the shares had already increased by 21%, marking the second-largest percentage gain since Trump Media merged with Digital World Acquisition Corp. in late March.

Amazon (NASDAQ:AMZN) – Whole Foods, owned by Amazon, is betting on “little luxuries” – gourmet foods in small portions as an emerging trend, perfect for consumers seeking moderate indulgences. Jason Buechel highlighted this trend at the Summer Fancy Food Show, exemplifying with Petit Pot’s organic puddings. Simultaneously, Whole Foods plans to expand with smaller convenience stores called Daily Shop, starting in Manhattan.

Shopify (NYSE:SHOP) – Shopify expanded access to Sidekick and AI tools, allowing image editing on smartphones for customers. This initiative strengthens its e-commerce platform, which faces recent challenges with inflation and economic uncertainty, despite its growth during the pandemic.

Target (NYSE:TGT) – Target is collaborating with Shopify to expand its marketplace, Target Plus, allowing Shopify sellers to offer products on the Target site. This partnership aims to increase the variety of available merchandise, competing with Amazon and Walmart, while maintaining a selective product curation model.

Nike (NYSE:NKE) – Nike is expanding its presence in China with a 1,000-square-meter store in Beijing dedicated to Michael Jordan. This space will not only sell exclusive products and collaborations with local artists but also aims to strengthen ties with Chinese basketball. The strategy seeks to revitalize the brand amid declining sales and rising consumer nationalism.

Birkenstock (NYSE:BIRK) – Birkenstock’s largest shareholder, L Catterton, will sell 14 million shares in a secondary public offering. Despite the drop, shares have risen 22.7% this year. The offering aims to increase the investor base and liquidity of the shares.

Abercrombie & Fitch (NYSE:ANF) – Abercrombie & Fitch shares have outperformed Nvidia in terms of stock growth. Over the past 12 months, Abercrombie shares rose 357%, compared to Nvidia’s 191%, and over two years, 816% compared to 630%. Abercrombie has benefited from a successful recovery strategy that resonates with younger consumers.

Pool Corp. (NASDAQ:POOL) – The pool equipment distributor raised concerns about a slowdown in the leisure sector after cutting its profit forecasts due to weak demand for new pool construction, impacted by high costs and unfavorable macroeconomic conditions.

Boeing (NYSE:BA) – Families of the victims of the Boeing 737 MAX crashes have requested a U.S. judge appoint an independent monitor to oversee the company’s safety procedures, citing concerns about regulatory violations and recent incidents. The judge will decide after the Department of Justice considers new legal actions against Boeing.

Spirit AeroSystems (NYSE:SPR) – Boeing has proposed buying Spirit AeroSystems for about $35 per share, a 6% premium over the recent closing value, according to Bloomberg. The offer is stock-based, with possible inclusion of cash, and an agreement could be announced soon.

Toyota Motor (NYSE:TM) – Toyota sold $2 billion in cross-shareholdings in the last fiscal year, reducing the number of its holdings from 141 to 124. The company completely divested from ANA Holdings, Japan Airlines, and East Japan Railway, which did not hold Toyota shares.

Tesla (NASDAQ:TSLA) – Tesla CEO Elon Musk promised a new “Master Plan 4,” potentially revolutionizing robotics, following mixed success in previous plans. Despite criticism for unmet promises, his supporters see immense future value in innovations such as robots and autonomous taxis. The plan’s revelation remains undefined.

Rivian (NASDAQ:RIVN) – Rivian streamlined its manufacturing process, removing over 100 steps in battery production and 52 pieces of equipment, resulting in significant material cost reductions. The company aims to improve profitability while facing financial challenges and production delays.

BYD Co. (USOTC:BYDDY) – BYD launched its third electric vehicle, the Seal sedan, in Japan at a competitive price to attract consumers in a market that favors hybrids and local brands.

Uber Technologies (NYSE:UBER), Lyft (NASDAQ:LYFT) – The U.S. Court of Appeals rejected a class-action lawsuit against Uber, claiming its policy of firing drivers with low ratings is not racially discriminatory. The decision highlighted the lack of solid statistical evidence that non-white drivers were deactivated in greater numbers than white drivers with similar ratings. Additionally, Bloomberg reported that Uber and Lyft are blocking drivers in New York during low-demand periods to combat a minimum wage rule that requires payment for idle time between rides. This has reduced drivers’ earnings by up to 50%, causing criticism and strike threats. The companies blame regulations that they say unfairly penalize their operations.

Chevron (NYSE:CVX) – Chevron expects a reduction of 65,000 barrels of oil equivalent per day in second-quarter production due to shutdowns in Kazakhstan and the Gulf of Mexico. Additionally, it expects a $300-400 million impact on earnings due to refinery maintenance in California.

Goldman Sachs (NYSE:GS), Hess Corp (NYSE:HES) – John Hess, CEO of Hess Corp, has been named an independent director on the Goldman Sachs board, also joining the compensation, governance, and risk committees. This addition comes as Hess Corp is in the process of being sold to Chevron and involved in arbitration with Exxon Mobil and CNOOC.

JPMorgan Chase (NYSE:JPM) – Oliver Cox, manager of the JPMorgan SAR Asian Fund, highlights that chip stocks in Asia are undervalued compared to their U.S. counterparts, predicting a recovery due to continued demand for artificial intelligence. He points out that lower valuations offer growth opportunities, especially for companies like TSMC and Samsung.

Citigroup (NYSE:C) – Citigroup faces challenges with its living will, deemed invalid by regulatory authorities due to deficiencies in derivatives. This implies additional consulting and legal costs, increasing pressure on management already dealing with other issues, including litigation and data management. Moody’s highlights the need to improve crisis resolution and regulatory compliance.

HSBC (NYSE:HSBC) – FundPark, a Hong Kong fintech, secured a $250 million private loan from HSBC, focusing on technology and healthcare in the region. This is the second significant loan this year, strengthening its role in financing small and medium-sized e-commerce businesses in China.

PacifiCorp (USOTC:PPWLO), Berkshire Hathaway (NYSE:BRK.A) – PacifiCorp, owned by Berkshire Hathaway, agreed to pay $150 million to settle claims related to the Slater Fire, which affected areas of California and Oregon in 2020. This is part of a larger effort to resolve litigation that includes accusations of not shutting off power lines during storms.

KKR & Co (NYSE:KKR) – KKR is seeking $20 billion for its new North American private equity fund, facing a challenging fundraising market. The North America Fund XIV aims for a high-teens net internal rate of return (IRR), following a predecessor with a 20.5% net IRR through March.

Riot Platforms (NASDAQ:RIOT), Bitfarms (NASDAQ:BITF) – Riot is seeking three board seats at Bitfarms after withdrawing its $950 million acquisition offer. The dispute has intensified with mutual accusations of poor governance as both companies prepare for a board battle over Bitfarms’ strategic future.

TWFG – TWFG announced a 27% increase in annual net profit and is preparing for its initial public offering (IPO) in the U.S. TWFG joins other recent companies, such as Bowhead Specialty, in listing its shares in a hot IPO market in 2024, encouraged by a stable economy.

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