Shares in Aluminum Corp. of China rallied after its controlling shareholder announced plans to buy up to RMB 20 billion in stock, a move bolstered by the company's forecast for record first-half profits.
U.S. logistics real estate firm Prologis Inc. announced its third and most recent takeover proposal, valued at approximately $18.2 billion, has been unanimously rejected by the board of British warehouse owner Segro.
Analysts at Morgan Stanley have identified leading cybersecurity companies, including CrowdStrike and Palo Alto Networks, that are poised to benefit from rising AI investment and hardware performance trends.
Novartis investors are closely watching for results from three major drug trials in the second half of the year, which analysts say are vital to justifying the company's premium valuation as it faces looming patent expirations.
Shares of Aluminum Corp of China surged after its controlling shareholder, Chinalco, announced plans to buy up to 2 billion yuan in company stock over the next year, signaling confidence in the producer's outlook.
The Indian arm of Suzuki has seen its dominant market share fall to around 39% as its long-standing focus on no-frills, affordable cars failed to keep pace with rising consumer demand for SUVs and premium features like sunroofs.
Fueled by soaring demand for AI chips, Dutch tech giant ASML has seen its market value approach $700 billion, leading investors and analysts to speculate it could become Europe's first trillion-dollar company.
Europe's largest airline reported first-quarter earnings below analyst estimates and lowered its outlook for summer ticket prices, citing geopolitical and economic headwinds.
Taiwan Semiconductor Manufacturing Co. is considering issuing bonds to finance its massive $265 billion Arizona project, according to its CFO, providing new clarity on its financing strategy for AI-driven growth.
