- The European Commission demands Google allow competing AI services to interact with Android applications.
- Shell’s acquisition of Arc Resources aims to enhance energy production in Western Canada amid export growth.
- Eli Lilly agrees to purchase Ajax Therapeutics for up to $2.3 billion, strengthening its blood-cancer portfolio.
- Tesla's deliveries rose by 6.3% in the first quarter, although they fell short of Wall Street forecasts.
- Blue Owl Investors are limiting redemptions to 5% as they seek to withdraw $5.4 billion amid increasing outflows, causing shares to decline.
- Bed Bath & Beyond has agreed to acquire The Container Store for $150 million, further expanding its market presence.
- Alibaba Group Holding Ltd. ADR (BABA) declined by 3.40% to $158.73 amidst a challenging trading session, with the NASDAQ and Dow Jones also experiencing losses.
- The ADR is now 17.62% below its 52-week high of $192.67, achieved on October 2nd, marking its second consecutive day of losses.
- Trading volume reached 11.4 million, surpassing the 50-day average volume of 11.2 million while several competitors faced declines as well.