U.S. Defense Secretary Hergsays: The United States will be able to open the Strait of Hormuz without entering Iranian airspace or waters.

Individual Stock News 1. Sanofi (SNY.O) board approved an annual dividend of €4.12 per share. 2. Alphabet (GOOG.O) will raise at least €9 billion through a record euro-denominated bond issuance. 3. Ferrari (RACE.N): First-quarter diluted earnings per share were €2.33, exceeding institutional expectations of €2.30. 4. UK automotive industry report: Tesla (TSLA.O) saw a 48.6% year-on-year increase in new car sales in the UK in April, reaching 838 units. 5. BioNtech SE (BNTX.O) reported Q1 2026 revenue of €118.1 million, compared to €182.8 million in the same period last year, exceeding market expectations of €167 million. 6. Pfizer (PFE.N): First-quarter revenue was $14.45 billion, exceeding the estimated $13.84 billion; adjusted earnings per share were $0.75; reiterated 2026 guidance. 7. Meta Platforms (META.O) is developing a financing plan for a data center in El Paso, Texas, with a total value potentially reaching approximately $13 billion. 8. Palantir (PLTR.O): First-quarter adjusted earnings per share were $0.33, exceeding market expectations of $0.28; revenue reached $1.63 billion, surpassing the expected $1.54 billion. 9. DuPont (DD.N): Expects approximately 4% organic growth for the fiscal year, including approximately 1% from pricing – a pricing strategy designed to fully offset increased input costs related to the Middle East situation. 10. ON Semiconductor (ON.O): First-quarter revenue increased 5% year-over-year to $1.51 billion, exceeding market expectations of $1.49 billion; adjusted earnings per share were $0.64, exceeding the consensus expectation of $0.62. 11. According to media reports, Apple (AAPL.O) is in preliminary discussions about commissioning Intel (INTC.O) and Samsung to manufacture chips for its main devices; however, the negotiations are in the very early stages and no orders have been placed yet.

Intel (INTC.O) shares rose 13% to $108, bringing its year-to-date gain to over 190%.