Global stocks rally as U.S. eases Huawei restrictions
The dollar rose and global equity markets advanced on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions on China’s Huawei Technologies Co Ltd.
Senators urge Volkswagen to end delay in Tennessee union election
Three Democratic U.S. senators on Tuesday questioned the decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant.
Nokia CEO sees possible benefits from Huawei tensions
Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.
Merck buys Peloton to expand its kidney cancer treatment portfolio
U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate.
Nokia CEO admits to delays in rolling out 5G
Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.
Turkish Airlines chairman expects Boeing 737 compensation, to meet Friday
Turkish Airlines expects compensation from Boeing Co for losses over the grounding of 12 737 Max aircraft, the chairman of Turkey’s flagship carrier was quoted as saying, adding that he would meet Boeing’s chief executive on Friday.
EU regulators to decide on IBM’s $34 billion Red Hat bid by June 27
EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp’s $34 billion bid for software company Red Hat.
Wall Street bounces as Huawei reprieve sparks rally
U.S. stock indexes rose in a broad-based rally on Tuesday, as Washington’s decision to temporarily ease curbs on China’s Huawei Technologies allayed concerns over a further escalation in trade war between the two countries.
Morgan Stanley piles pressure on Tesla with $10 worst case call
Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric carmaker’s stock price fall as low as $10.
Airbus pledges counter-punch to new Boeing mid-sized jet
Airbus hinted on Tuesday at a price battle to counter a possible new Boeing aircraft in the middle of the jet market, promising a “left hook, right hook” salvo from two of its well-established models.
