Key News
1. The UAE announced its withdrawal from OPEC starting May 1, 2026.
Individual Stock News
1. Amazon (AMZN.O) launched another batch of satellites for its low Earth orbit satellite program.
2. Oracle (ORCL.N) deployed Bloom Energy (BE.N) fuel cells to build a 2.45 GW AI data center microgrid.
3. Coca-Cola (KO.N) reported first-quarter net revenue of $12.5 billion, exceeding the expected $12.25 billion; comparable first-quarter earnings per share were 86 cents, compared to an estimated 81 cents.
4. The European Commission wants Google (GOOG.O) to ensure that "competitors' AI services can effectively interact with and perform tasks on users' Android devices."
5. General Motors (GM.N) expects full-year adjusted earnings per share of $11.50 to $13.50; full-year net profit is expected to be $9.9 billion to $11.4 billion, compared to market expectations of $11.14 billion.
6. Spotify (SPOT.N) reported a 40% year-on-year increase in operating profit to €715 million in Q1, with a projected Q2 operating profit of €630 million.
7. The Australian government released a draft bill proposing new taxes on tech giants such as Meta Platforms (META.O) and Google (GOOG.O).
8. United Parcel Service (UPS.N): Q1 revenue was $21.2 billion, exceeding the estimated $20.99 billion; adjusted earnings per share were $1.07, exceeding the estimated $1.03. Full-year revenue is still projected to be approximately $89.7 billion, compared to market expectations of $89.71 billion.
9. Novartis (NVS.N) reported Q1 net sales of $13.113 billion, a 1% year-on-year decrease, marking its first year-on-year decline in nearly two years.
10. TSMC (TSM.N) executives stated that five 2nm wafer fabs will enter the capacity ramp-up phase this year, marking the most aggressive expansion in its history.
