• Salesforce has terminated discussions with a view to acquiring data management software group Informatica in the absence of an agreement between the two parties, a source close to the matter told Reuters on Sunday. 
  • Blackstone offered around $1.5 billion to buy Hipgnosis Songs Fund, the owner of the music rights of Shakira and Red Hot Chili Peppers, outbidding the $1.4 billion offer from Apollo-backed Concord.
  • Quanex Building Products is to buy Tyman in a deal that values the British window and door specialist at around 788 million pounds ($976 million), the two groups announced on Monday.
  • Nike will lay off around 740 employees at its global headquarters in Oregon, according to a letter published on Friday, as the sports equipment maker seeks to cut costs after reporting in March a drop in revenues for the first half of fiscal 2024-2025. Nike employed around 83,700 people worldwide as of May 31, 2023.
  • Lululemon Athletica announced on Friday that it would close its distribution center in Washington State at the end of the year and lay off more than 100 employees.
  • Five waves of redundancies at UBS will begin in June, according to the SonntagsZeitung.
  • Henkel is on the lookout for acquisitions, its CEO told the FAZ.
  • The proposed takeover of Telecom Italia's fixed-line network by US private equity firm KKR will be decided by the European competition authorities by May 30.
  • Hindenburg Research has not wavered in its opposition to Temenos, and has published a new, damning press release.
  • Tesla cut prices worldwide on its vehicles and autonomous driving software. Tesla's capitalization has been overtaken by Exxon Mobil for the first time since the beginning of 2023.
  • After its victory at the Volkswagen plant, the UAW takes on Mercedes in Alabama.
  • Embraer delivers 25 aircraft in Q1 and reports a seven-year high order backlog.
  • Chinese carmaker Li Auto cuts car prices to gain market share.
  • Chinese developer Landsea fails to repay its offshore bonds.
  • Honda will invest $808 million in Brazil by 2030.
  • Chinese manufacturer BYD unveils the name of its electric pickup: the "Shark".
  • Air New Zealand revises its forecasts downwards.

Today's main earnings reports: SAP, Verizon, Cadence Design, Sandvik ... The full earnings calendar is here.