Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading.

Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares reached a record high on Tuesday, approaching Apple’s market value. Nvidia’s market capitalization hit $2.85 trillion, still about $80 billion behind Apple’s market cap of $2.93 trillion.

Apple (NASDAQ:AAPL) – Apple will expand its presence in Southeast Asia with its first store in Malaysia, set to open at The Exchange TRX mall in Kuala Lumpur on June 22. The company already has stores in India, Thailand, and Singapore, demonstrating its focus on the growing region.

Samsung Electronics (USOTC:SSNHZ) – Samsung Electronics’ union is planning its first strike, challenging South Korea’s largest company amid efforts to reverse losses in the semiconductor sector. The decision comes after stalled wage negotiations, with the union seeking fair compensation for work.

Microchip Technology (NASDAQ:MCHP) – Microchip announced its intention to raise $1.1 billion in convertible senior notes due in 2030 in a private offering, subject to market conditions and other factors.

Texas Instruments (NASDAQ:TXN) – Investor Elliott Investment Management revealed a $2.5 billion stake in Texas Instruments and urged the company to improve its free cash flow. Elliott proposed a dynamic capacity management strategy to achieve free cash flow of up to $9 per share by 2026.

Amazon (NASDAQ:AMZN) – A Seattle judge rejected Amazon’s request to dismiss a Federal Trade Commission lawsuit accusing the company of enrolling consumers in Amazon Prime without consent. The FTC argues that Amazon made cancellation difficult and used obscure patterns to induce automatic enrollments.

Verizon (NYSE:VZ) – Verizon revealed on Tuesday the addition of Comcast’s Peacock (NASDAQ:CMCSA) and a discount on YouTube Premium for myPlan subscribers, saving 30%. Peacock will be available starting June 5, while discounted YouTube Premium will be offered for $10 per month starting Thursday.

BuzzFeed (NASDAQ:BZFD) – Vivek Ramaswamy, a BuzzFeed shareholder, urged the company to reduce staff, strengthen its audio and video content, and hire content creators like Candace Owens and Tucker Carlson. He called for a total restructuring to face the future of media, emphasizing diversity of thought.

Sea Ltd. (NYSE:SE) – Indonesian antitrust authorities are investigating Sea Ltd., the Southeast Asian e-commerce giant, for alleged unfair preference of its own delivery service. Through its Shopee platform, Sea is accused of prioritizing its service, potentially violating regulations. The company commits to cooperating.

Uber Technologies (NYSE:UBER) – Uber revealed on Wednesday a series of measures to meet demand during the Paris Olympics, including partnerships for Seine river cruises. The company will offer free Uber Cruises and launch Uber Bubbles with champagne tasting. Uber plans significant investment in driver incentives and passenger discounts.

Vinfast (NASDAQ:VFS) – The Vietnamese electric car manufacturer is considering further delaying its planned $4 billion factory in North Carolina due to difficulty attracting U.S. consumers. Facing low sales and legal challenges, the company is reviewing its construction process while planning international expansion.

Faraday Future (NASDAQ:FFIE) – The electric vehicle maker announced on Tuesday the withdrawal of its 2024 production forecast, citing current market and financing conditions. The company seeks strategic investors and financing alternatives to reduce dependence on dilutive funds.

Tesla (NASDAQ:TSLA) – Elon Musk is offering tours of Tesla’s factory next month to 15 shareholders who vote on his $56 billion pay package, aiming to garner support after a court overturned the compensation. The vote is seen as a referendum on Musk’s leadership, with investors concerned about potential distractions and controversial comments. Musk faces resistance from institutional shareholders and proxy advisers.

Boeing (NYSE:BA) – Boeing and the union representing about 125 firefighters reached a tentative contract agreement after months of negotiations and a lockout that began in May. If approved in a vote on Thursday, firefighters will return to work on Saturday. Details of the agreement were not disclosed.

American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) – American Airlines revised down its second-quarter sales projections and now expects adjusted earnings between $1 and $1.15 per share, compared to the previous guidance of $1.15 to $1.45 per share, as revealed in a regulatory filing. This revision is also below FactSet consensus expectations of $1.30 per share. United Airlines reiterated its second-quarter profit forecast, maintaining it between $3.75 and $4.25 per share.

Norfolk Southern (NYSE:NSC) – Norfolk Southern named Claude Mongeau, former CEO of Canadian National Railway (TSX:CNR), as its new board chairman, replacing Amy Miles. Mongeau, with extensive railway experience, led customer-centric strategy at CNR. The company also overcame a recent activist campaign.

Virgin Galactic Holdings (NYSE:SPCE) – Virgin Galactic’s shares jumped 22.6% on Tuesday in anticipation of the final flight of its Unity spacecraft next month. The shares ended an eight-day losing streak, reflecting growing interest ahead of the Galactic 07 mission, marking a positive shift for the company.

Moderna (NASDAQ:MRNA) – Moderna’s shares are down 2.7% in pre-market trading after plunging 8% on Tuesday, marking the worst performance since September. Although there is no apparent reason for the decline, the company faces crucial moments with pending developments in cancer treatments, a new vaccine, and avian flu, influencing its future.

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is dealing with investigations of an explosion at its building in Youngstown, Ohio. The company is ensuring the safety of occupants and the area, committing to the investigation and damage assessment.

UBS Group (NYSE:UBS) – UBS Global Research raised its final projection for the S&P 500 to 5,600 points, the highest among brokers. This represents a rise of about 5.6% from the current close. Optimism is driven by stronger profit forecasts and a favorable economic outlook.

Campbell Soup (NYSE:CPB) – Campbell revealed on Tuesday plans to downsize its Jeffersonville, Indiana, unit and close the Tualatin, Oregon, facility, resulting in 415 job cuts. These measures are part of efforts to strengthen growth and optimize production and distribution.

Nike (NYSE:NKE), Adidas (USOTC:ADDYY) – A German court ruled that Nike can include three stripes on some pants designs in a case against Adidas. Four models were cleared, while one restriction remains. The stripes are a trademark of Adidas, which has revoked a similar lawsuit in the past.

Acquisitions

BHP Group (NYSE:BHP), Anglo American (LSE:AAL) – BHP requested an extension to negotiate with Anglo American minutes before the deadline for its $49 billion bid. Anglo American, in turn, decided to terminate the pursuit by BHP, threatening to end a $49 billion search. The decision came hours before the deadline for BHP to commit to an offer or withdraw for six months. Anglo rejected BHP’s proposals, continuing to oppose the deal’s complex structure. Anglo’s shares fell after the announcement, while BHP’s shares rose 1.6% in pre-market trading.

Hess (NYSE:HES), Chevron (NYSE:CVX) – Hess’s $53 billion merger proposal with Chevron was approved by shareholders on Tuesday, paving the way for the second-largest U.S. oil company to secure valuable assets in Guyana. The transaction, however, faces regulatory hurdles and an arbitration dispute.

ConocoPhillips (NYSE:COP), Marathon Oil (NYSE:MRO) – ConocoPhillips is in advanced talks to acquire Marathon Oil in a deal that could value the company at more than its market value of $15 billion, according to the Financial Times. Although close, there is a risk of failure or interference from rival bidders. Marathon Oil’s shares rose 6.4% in pre-market trading, while ConocoPhillips’ shares fell 0.7%.

T-Mobile (NASDAQ:TMUS), United States Cellular (NYSE:USM) – T-Mobile agreed to acquire nearly all of United States Cellular’s wireless operations, including customers, stores, and 30% of its spectrum assets, in a $4.4 billion deal. The transaction aims to improve coverage and will not affect T-Mobile’s 2024 financial projections.

Merck & Co (NYSE:MRK) – Merck & Co is close to a $1.3 billion cash deal to acquire ophthalmology biotech company Eyebiotech, with the possibility of an additional $1.7 billion in milestone payments. The deal could be announced soon, according to the Wall Street Journal. Merck seeks acquisitions to offset revenue loss from its drug Keytruda, which will lose patent protection by the end of the decade.

Riot Platforms (NASDAQ:RIOT), Bitfarms (NASDAQ:BITF) – Riot Platforms made a $950 million offer for Bitfarms after the Bitcoin miner previously refused to consider an acquisition. The $2.30 per share proposal comes after Riot already acquired 9.25% of Bitfarms.

Earnings

Cava Group (NYSE:CAVA) – Cava reported earnings of 12 cents per share with revenue of $259 million, surpassing analysts’ forecasts of 4 cents per share and $246 million in revenue. Cava’s shares fell by 2.9% in pre-market trading on Wednesday, after reaching a 52-week high in regular trading on Tuesday.

Box Inc (NYSE:BOX) – Box announced an adjusted profit of 39 cents per share, exceeding analysts’ expectations of 36 cents per share, as reported by LSEG. Total revenue amounted to $264.7 million, surpassing the forecast of $262 million for the quarter. Shares are up 0.3% in pre-market trading.

Heico Corp (NYSE:HEI) – Heico reported a 17% increase in net income, reaching $123.1 million, or $0.88 per diluted share, surpassing analysts’ forecast of $0.81 per share. Net sales rose by 39%, reaching $955.4 million, slightly above the estimated $955.38 million. Operating income increased by 33%, reaching $209.2 million.

Joyy (NASDAQ:YY) – JOYY announced earnings of $1.02 per share, surpassing analysts’ forecast of 81 cents per share. The company’s revenue was $564.56 million, a 2.15% increase over analysts’ estimate of $552.67 million.

Digital Turbine (NASDAQ:APPS) – Digital Turbine reported fourth-quarter revenue of $112.22 million, falling short of the $117.69 million estimate. However, Digital Turbine’s earnings per share were 12 cents, exceeding the estimate of 7 cents. Shares fell by 8.5% in pre-market trading.

Ooma (NYSE:OOMA) – Ooma reported a loss of $2.1 million (or 8 cents per share) in the quarter ended April 30, compared to a loss of $326,000 (or 1 cent per share) a year earlier. Revenue increased to $62.5 million, surpassing analysts’ expectations. The company now forecasts adjusted earnings of 55 to 58 cents per share, above the previous estimate, while expecting an unadjusted loss of 30 to 33 cents per share for fiscal year 2025.

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