02 June

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Ryanair urges EU to force Alitalia slot disposals – letter By Reuters

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PARIS (Reuters) - Ryanair has urged the EU to require a relaunched Alitalia to bid competitively for the bankrupt Italian airline's airport slots, according to a letter from the low-cost carrier's Chief Executive Michael O'Leary seen by Reuters. In the May 28 letter, O'Leary urged European Competition Commissioner Margrethe Vestager to order a "market-based disposal" of Alitalia's take-off and landing rights at Milan-Linate and Rome-Fiumicino. The Italian industry ministry declined to comment. Ryanair did not immediately respond to a request for comment. The European Union competition watchdog is reviewing past and present Italian state aid to...

02 June

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Israel sees probable link between Pfizer vaccine and myocarditis cases By Reuters

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JERUSALEM (Reuters) - Israel's Health Ministry said on Tuesday it found the small number of heart inflammation cases observed mainly in young men who received Pfizer (NYSE:PFE)'s COVID-19 vaccine in Israel were likely linked to their vaccination. Pfizer has said it has not observed a higher rate of the condition, known as myocarditis, than would normally be expected in the general population. In Israel, 275 cases of myocarditis were reported between December 2020 and May 2021 among more than 5 million vaccinated people, the ministry said in disclosing the findings of a study...

02 June

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UK funds group calls on G7 to bolster corporate climate disclosures By Reuters

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By Simon Jessop LONDON (Reuters) - Britain's investment industry has called on the G7 to do more to improve corporate reporting on climate-related risks, adding to pressure from the financial sector as it grapples with the uncertainties and escalating costs of extreme weather events. In a letter to the Group of Seven leading economies ahead of a meeting this week, the Investment Association (IA) said it was vital that climate risks were disclosed by companies so asset managers can help them in the transition to a low-carbon economy. Specifically, the IA said it wanted the G7...

02 June

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Splunk, Car Sales, Fed Speakers: 3 Things to Watch By Investing.com

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By Christiana Sciaudone Investing.com -- Stocks lost steam after a strong start to the day in this holiday-shortened unofficial first week of summer. Brent Oil Futures, in time for the season, hit $70 as the Saudi energy minister kept the market guessing as to whether more supply will be added to the market this year to keep pace with the accelerating global recovery.Yet another company has become a cyberattack victim as JBS, the world's largest meat producer, was forced to shutter its five biggest beef plants in the U.S., Bloomberg reported. Watch for prices of hamburgers...

02 June

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Hewlett Packard Enterprise Q2 Results Beat on Strong Demand; Lifts Guidance By Investing.com

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By Yasin Ebrahim Hewlett Packard Enterprise raised its full-year earnings guidance Tuesday after reporting fiscal second-quarter results that topped analysts estimates on strong than expected demand. Hewlett Packard Enterprise Co (NYSE:HPE) was down nearly 2% in afterhours trading. For the full-year 2021, EPS was raised to a range of $1.82 to $1.94 from from $1.70 to $1.88. "We are once again raising our full-year guidance to reflect the continued momentum in the demand environment and our strong operational performance to date,” the company said. "This marks the third increase in our outlook since our...

02 June

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EU reaches deal on tax transparency for multinational firms By Reuters

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By Jan Strupczewski BRUSSELS (Reuters) - European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27-nation bloc and how much in countries considered tax havens by the EU. The new law, proposed by the European Commission in 2016, is part of the EU's efforts to fight tax avoidance by large international companies at a time when the EU badly needs cash to finance an economic recovery after the COVID-19 pandemic. Under the new law, multinational...

02 June

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U.S. Supreme Court rebuffs J&J appeal over $2 billion baby powder judgement By Reuters

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By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday declined to hear Johnson & Johnson (NYSE:JNJ)'s bid to overturn a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in the company's baby powder and other talc products. The justices turned away a J&J appeal and left in place a Missouri state court ruling in litigation brought by 22 women whose claims were heard together in one trial. The Missouri Court of Appeals, an intermediate state appellate court, last year ruled against J&J's bid to throw out the...

02 June

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SEC letters claim Tesla failed to oversee Musk’s tweets – WSJ By Reuters

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(Reuters) - U.S. securities watchdog told Tesla Inc last year that Chief Executive Officer Elon Musk's use of Twitter had twice violated a settlement requiring his tweets to be preapproved by company lawyers, the Wall Street Journal reported on Monday. The U.S. Securities and Exchange Commission had ordered the electric car maker to vet any material public communications Musk made regarding Tesla, following Musk's August 2018 tweet that he had "funding secured" to possibly take Tesla private in a $72 billion transaction. In correspondence sent to Tesla in 2019 and 2020, the SEC said tweets...

01 June

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S&P 500 Closes Flat as Jump in Energy Fails to Spark Bullish Bets By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 closed flat Tuesday, struggling for direction as an energy-led jump in value stocks was offset by weakness in tech and healthcare. The S&P 500 fell 0.05%, the Dow Jones Industrial Average was up 0.14%, or 46 points, and the Nasdaq Composite slipped 0.1%. Energy jumped 4% as U.S. oil prices rose to their highest levels since October 2018 on bets of increasing energy demand after OPEC and its allies reportedly agreed to raise production by about 450,000 barrels per day starting July. Financials, mostly banks were boosted by...

01 June

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Reuters Events – Bank of England’s Bailey unconvinced by carbon capital rules By Reuters

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By William Schomberg and David Milliken LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday there was no case yet for making financial institutions set aside more capital for climate change risks, even though markets were underpricing the danger of disruption. Central banks around the world are increasingly focused on the costs of climate upheaval as they try to steer a path for their economies and the financial systems through the transition to net-zero carbon emissions as well as extreme weather events. This month the BoE launches its first environmental 'stress test' of...

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Ryanair urges EU to force Alitalia slot disposals – letter By Reuters

Israel sees probable link between Pfizer vaccine and myocarditis cases By Reuters

UK funds group calls on G7 to bolster corporate climate disclosures By Reuters

Splunk, Car Sales, Fed Speakers: 3 Things to Watch By Investing.com

Hewlett Packard Enterprise Q2 Results Beat on Strong Demand; Lifts Guidance By Investing.com

EU reaches deal on tax transparency for multinational firms By Reuters

U.S. Supreme Court rebuffs J&J appeal over $2 billion baby powder judgement By Reuters

SEC letters claim Tesla failed to oversee Musk’s tweets – WSJ By Reuters

S&P 500 Closes Flat as Jump in Energy Fails to Spark Bullish Bets By Investing.com

Reuters Events – Bank of England’s Bailey unconvinced by carbon capital rules By Reuters

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