North America:

  • Eli Lilly signs a drug-discovery deal with InSilico worth up to $2.75 billion, focusing on AI-driven treatments.
  • Citi's Global Credit Head warns of significant redemptions in private credit funds due to liquidity and credit mismatches.
  • Sysco announces its $29 billion acquisition of Restaurant Depot, marking a significant move in the foodservice distribution industry.
  • Biogen receives FDA approval for a high-dose regimen of its Spinraza drug for treating spinal muscular atrophy.
  • DHL and the Teamsters union reach a tentative 4-year agreement, including a 20% wage increase, avoiding a nationwide strike.

Europe:

  • Apple's UK subsidiary fined £390,000 for violating Russia sanctions by transferring funds to a sanctioned individual.
  • Suss MicroTec reports FY revenue of €503.2 million, surpassing estimates, with a 13.1% EBIT margin and negative free cash flow of €22.6 million.
  • Mistral AI secures $850 million in debt financing to establish its first European AI cluster and purchase Nvidia chips for a new data center near Paris.
  • Boohoo reports a 36% rise in adjusted EBITDA to GBP53 million, expressing confidence in its growth-focused marketplace pivot.
  • Debenhams raises its FY27 profit outlook after achieving £53 million adjusted EBITDA for FY26, projecting double-digit profit growth for 2027.
  • Peab AB awarded a SEK 580 million contract to build stabling tracks in Mölndal, Gothenburg.
  • Diamyd Medical reports negative interim results for its Phase 3 diabetes study, causing a significant drop in its stock price.
  • TotalEnergies reports strong profits driven by its successful oil strategy in the Middle East.
  • Nordic forward power prices dropped 7.7% due to forecasts of increased hydro generation from wet and windy weather.

Rest of World:

  • Toyota reported a 3.3% year-over-year decline in parent-only global sales and a 3.9% drop in global vehicle production for February.
  • HDFC Bank faced reputational concerns and executive changes due to delayed action over the mis-selling of AT-1 bonds, triggering a $16 billion stock sell-off.
  • Rio Tinto maintains its 2026 iron ore shipment guidance despite disruptions from Tropical Cyclone Narelle.
  • Star Entertainment Group Ltd secures a $390 million refinancing commitment from WhiteHawk Capital Partners to strengthen liquidity.
  • Fermi Inc reported a $486.4 million net loss for 2025, primarily due to substantial non-cash charges and investments in its AI-focused energy campus, Project Matador.