• UBS is going to buy Credit Suisse on the basis of 1 UBS share for 22.48 Credit Suisse, which values the share of the bank in difficulty at 0.761 CHF, on the basis of the last quoted prices (respectively 17.11 and 1.86 CHF). Or CHF 3 billion.
  • Volkswagen hopes to produce a small electric car for less than EUR 20 000.
  • The FDIC announces an agreement to sell Signature Bank 's assets to New York Community Bancorp.
  • Warren Buffett's Berkshire Hathaway has already bought back $1.8 billion of its own stock this year.
  • Novo Nordisk is restocking its diabetes drug Ozempic after shortages.
  • Karuna Therapeutics is up 19% after saying Monday that its experimental drug KarXT significantly reduced symptoms of schizophrenia in a late-stage trial.
  • FDA approves DiaSorin 's Simplexa test to distinguish Covid from the flu.
  • First Republic Bank - S&P Global downgraded the bank's credit rating to junk, while adding that the recent injection of $30 billion in deposits by 11 major banks may not solve its liquidity problems. 
  • Goldman Sachs - Traders at the U.S. bank are preparing to bid on Credit Suisse's subprime bond claims, known as Additional Tier 1, Bloomberg reported Sunday, citing people familiar with the matter.
  • PacWest Bancorp - Pacific Western Bank, a division of the California-based bank holding company, said Friday it had experienced a "high" number of withdrawals following the collapse of Silicon Valley Bank and Signature Bank, but that deposit activity had stabilized since Monday. 
  • Boeing said Friday it has signed a contract worth $1.9 billion with the U.S. military and international customers, including Australia, to build 184 AH-64E Apache helicopters.

Earnings reports today: Pinduoduo, Foot Locker, Computacenter, Pharmanutra... The whole agenda is here.