Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the Department of Commerce, to cover the shortfall. This change could impact the total funding Intel expects to receive, generating controversy over the use of the Chips Act funds. Intel sought more than $10 billion in incentives and is now looking to cut operational costs and streamline its organization to boost investor returns.

Shell (NYSE:SHEL) – Shell plans to cut at least 20% of jobs in its trading team as part of a cost-cutting restructuring. Employees were informed of a significant reduction, with more details expected in April. This move follows job cuts in other units, such as low-carbon solutions and chemicals. CEO Wael Sawan is focused on improving performance and investor returns, aiming to cut between $2 and $3 billion in operating costs.

Apple (NASDAQ:AAPL) – Apple has made concessions in Europe, allowing developers to distribute apps directly in response to the European Union’s Digital Markets Act. Changes may impact App Store profit margins and revenue. The company is facing increasing regulatory and competitive pressure.

Alphabet (NASDAQ:GOOGL) – Google is limiting its Gemini chatbot from responding to questions about this year’s global elections, citing concerns about potential inaccuracies. This move follows advancements in generative AI, raising fears of misinformation. Other platforms, including Meta Platforms (NASDAQ:META), have also taken steps to prevent AI misuse before the elections.

STMicroelectronics (NYSE:STM) – The CEO of STMicroelectronics emphasized the ongoing growth of the Chinese market despite global tensions. The company sees opportunities in the electric vehicle and renewable energy sectors. While acknowledging risks, he considers expansion in China essential for the company’s future growth.

Equinix (NASDAQ:EQIX) – Adaire Fox-Martin, an executive at Google Cloud, will become CEO of Equinix at the end of the next quarter, succeeding Charles Meyers. The company forecasts optimistic adjusted earnings, driven by continued demand for its data center services.

IBM (NYSE:IBM) – IBM informed employees in its marketing and communications division about cuts on Tuesday, following the trend of major technology companies. The announcement was made during a brief meeting with the team, according to CNBC reports.

BP plc (NYSE:BP) – BP and the United Arab Emirates’ state-owned energy company, Adnoc, suspended a $2 billion bid for Israel’s NewMed Energy due to regional instability in Gaza. The move reflects uncertainty, but both reiterated interest in the transaction.

Exxon Mobil (NYSE:XOM) – Exxon Mobil confirmed that it honored all delivery contracts from its Port Jerome-Gravenchon refinery in France after a fire. The team is assessing damage to a distillation tower and does not have an accurate estimate for resuming operations.

General Electric (NYSE:GE) – GE Aerospace announced on Tuesday an investment plan of over $650 million in factories and supply chain this year, aiming to increase production to meet commercial and military demand. This includes $450 million in US facilities and $100 million internationally, plus $100 million in American suppliers.

3M (NYSE:MMM) – 3M has chosen Bill Brown, former L3Harris Technologies (NYSE:LHX), as CEO, aiming for external leadership amid challenges. 3M is facing declining sales and legal challenges. Brown, known for driving efficiency and strategy, brings valuable experience to the company.

ArcelorMittal SA (NYSE:MT) – Vallourec SA reached its highest level in nearly four years after ArcelorMittal SA agreed to buy a $1.04 billion stake in the steelmaker from Apollo Global Management (NYSE:APO). ArcelorMittal seeks to strengthen its position in the tubular steel market.

Archer Daniels Midland (NYSE:ADM) – Archer Daniels Midland revealed significant weaknesses in its internal controls over financial reporting, allowing the reporting of intersegment sales with unrepresentative market quantities. Despite adjustments, the investigation into accounting practices continues, while the company reported fourth-quarter results below expectations, with adjusted earnings per share of $1.36 and revenue of $23 billion.

Toyota Motor (NYSE:TM) – Toyota Motor has become the most sold large-cap stock by hedge funds in the Asia-Pacific region, surpassing Takeda Pharmaceutical, according to a report by Hazeltree. Additionally, Toyota agreed to grant the largest wage increase in 25 years to factory workers, raising expectations of a policy shift.

Tesla (NASDAQ:TSLA) – Production has resumed at Tesla’s European gigafactory in Gruenheide, Germany, after a week-long power cut due to arson. CEO Elon Musk will visit the site. Expected losses amount to hundreds of millions of euros.

General Motors (NYSE:GM) – Mike Abbott, Executive Vice President of Software and Services at General Motors, will step down for health reasons as the company faces software quality issues. Baris Cetinok will temporarily take over his position. GM also announced on Tuesday that it built about 20,000 electric vehicles this year that did not qualify for EV tax credits due to supply chain changes. After adjustments, many models, such as the Blazer EV and the Cadillac Lyriq, regained eligibility.

Li Auto (NASDAQ:LI) – Li Auto, an electric vehicle manufacturer, announced a sales increase in China last week, outperforming competitor Seres. This move goes against pessimism regarding rivals such as Tesla and BYD as competition in the sector intensifies.

Boeing (NYSE:BA) – John Barnett, a former Boeing employee who raised concerns about production issues at the company, was found dead in an apparent suicide. He was in the middle of testifying in a whistleblower retaliation case against Boeing when the tragedy occurred. Barnett worked at Boeing for 32 years before leaving in 2017. He was involved in exposing serious safety issues related to the Boeing 787 Dreamliner and claimed to have been retaliated against and subjected to a hostile work environment as a result. His death was caused by a self-inflicted gunshot wound, confirmed by the Charleston County Coroner’s Office in South Carolina. Boeing expressed sorrow over Barnett’s death. The incident comes amid a broader crisis faced by Boeing regarding its safety and quality standards, with production restricted by US regulators, resulting in industry-wide delivery delays. Boeing delivered 27 planes in February, one less than in the same period last year, due to production restrictions. So far, 54 planes have been delivered this year, including 42 MAX. The company recorded 15 new orders in February.

Alaska Air Group (NYSE:ALK) – Alaska Air expects smaller losses than anticipated, despite the grounding of Boeing 737 Max 9 planes following an incident in January. The company projects an adjusted loss of 45 to 55 cents per share in the first quarter, beating expectations of a $1.18 loss.

Delta Air Lines (NYSE:DAL) – Delta is preparing for a prolonged battle over the US government’s planned suspension of its cross-border partnership with Grupo Aeromexico SAB, challenging the decision that would affect consumers and Mexico’s economic growth.

Goldman Sachs (NYSE:GS) – Goldman Sachs Asset Management plans to expand its private credit portfolio to $300 billion in five years, up from the current $130 billion, in response to growing competition among major investment banks.

JPMorgan Chase (NYSE:JPM) – The head of equity capital markets at JPMorgan Chase in India, Abhinav Bharti, is leaving the US bank, to be replaced by Arvind Vashistha, former managing director at Citigroup Inc. (NYSE:C) in India, according to Bloomberg. Bharti, who joined the company as an associate from Kotak Mahindra Bank Ltd., leaves after more than 13 years at JPMorgan.

UBS Group AG (NYSE:UBS) – UBS began layoffs this week in its private banking division in Asia due to falling profits, cutting about 70 jobs, including relationship managers in Hong Kong and Singapore, by the end of March.

Berkshire Hathaway (NYSE:BRK.B) – Berkshire Hathaway continued to acquire shares of Liberty Sirius XM Holdings, capitalizing on its discount relative to the value of a future exchange offer. By purchasing 9.6 million shares in recent days, it now holds approximately 26% of Liberty Sirius XM, with a stake valued at $2.6 billion.

Coinbase (NASDAQ:COIN) – Coinbase Global Inc.’s shares recently saw a strong increase, and now the company is turning to Wall Street to raise money, announcing a $1 billion convertible debt offering with notes due in 2030.

Allbirds (NASDAQ:BIRD) – Allbirds reported a larger loss in the fourth quarter compared to the previous year, due to a 15% decline in revenue, totaling $72 million. Additionally, it provided sales projections below expectations for the first quarter and fiscal year, accompanied by the announcement that CEO Joey Zwillinger will resign. As a result, the company’s shares fell 14% in Wednesday’s pre-market trading.

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