Key News
1. The three major regional power grid operators in the United States have received approval for transmission capacity expansion projects totaling $75 billion.
2. Qatar's LNG export facilities were forced to shut down after being attacked by Iranian drones.
Stock News
1. Data shows that Tesla (TSLA.O) new car registrations in Sweden fell 9.8% year-on-year in February.
2. According to the Financial Times: Netflix (NFLX.O) warned that the deal between Paramount and Warner Bros. Discovery (WBD.O) will lead to layoffs.
3. Amazon (AMZN.O): Three facilities in the UAE and Bahrain were attacked by drones. Full recovery is expected to be a lengthy process.
4. Plug Power (PLUG.O) reported an adjusted diluted loss per share of $0.06 in the fourth quarter, narrowing from a loss of $0.29 per share a year ago.
5. Credo Technology (CRDO.O) reported a 200% surge in revenue in Q3, but its profit margin declined to 68.6%, and its Q4 guidance midpoint was lowered to 65%. 6. MongoDB (MDB.O) shares plunged in pre-market trading after the company projected first-quarter revenue of $659 million to $664 million, below market expectations.
7. Image-based social media platform Pinterest (PINS.N) announced a $1 billion strategic investment from Elliott and plans to repurchase $2 billion worth of shares soon.
8. Blackstone Group's (BX.N) $82 billion flagship fund, Bcred, saw redemption requests reach 7.9% in the first quarter, exceeding the 5% warning threshold.
