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On April 29, Bernstein analysts said in a research report that Trumps softening attitude on auto tariffs provides short-term relief, but structural risks remain. "If it is not made clear, the scope and effect of the easing remain highly uncertain," analysts said. It is still unclear how to define whether cars produced in the United States, Mexico and Canada are eligible, and what compliance requirements OEMs will face. Analysts said that suppliers may get some cost recovery, but rising car prices and complexity are inevitable.1. CEOs of Nvidia (NVDA.O), Eli Lilly (LLY.N) and other companies will visit the White House on Wednesday. 2. Hims & Hers Health (HIMS.O) announced a partnership with Novo Nordisk (NVO.N), and its pre-market share price soared more than 40%. 3. United Parcel Services (UPS.N) consolidated revenue in the first quarter of 2025 was $21.5 billion, down 0.7% year-on-year. 4. Plug Power (PLUG.O) announced that it had obtained $525 million in secured debt financing and made it clear that it would not issue additional equity in 2025. 5. Bawang Chaji (CHA.O) rose more than 4% before the market opened, and its first store in North America officially opened for trial operation recently. 6. AstraZenecas (AZN.O) total revenue in the first quarter was $13.59 billion, up 10% year-on-year, lower than the market expectation of $13.8 billion. 7. Tesla (TSLA.O) board member Gebbia Joseph spent millions of dollars to buy Tesla, which was the first stock increase by Tesla insiders in nearly five years. 8. NXP Semiconductors (NXPI.O) has revenue of $2.84 billion in Q1 2025, compared with market expectations of $2.83 billion and $3.13 billion in the same period last year. 9. General Motors (GM.N) has frozen stock buybacks due to the suspension of guidance on Trumps tariffs.Tip: White House Press Secretary Carl Levitt and U.S. Treasury Secretary Jeff Bessant are holding a briefing.Russias main offline refining capacity in April was revised up 3% from previous plans to 2.9 million tonnes, according to Reuters calculations. Russias main offline refining capacity in May is expected to increase by 5.7% from April to 3.2 million tonnes.The monthly rate of U.S. wholesale inventories in March was 0.5%, in line with expectations of 0.7%. The previous value was revised from 0.30% to 0.5%.

Under pressure, Orpea recommends a board reorganization

Charlie Brooks

Jul 04, 2022 11:39


Sunday, the French corporation Orpea, which is under criticism for its business practices and the way it manages its residences, unveiled intentions to reform its board of directors in an attempt to boost corporate governance.


Orpea claimed that during its annual general meeting, shareholders will be invited to select five new independent directors for a four-year term. One of the four is Guillaume Pepy, the current chairman of Initiative France and a former chairman and CEO of the state-owned train business SNCF.


Orpea stated last month that an audit discovered indications of financial misconduct, but did not substantiate all of the company's charges. Last month, authorities also searched the offices of Orpea. Orpea shares are down about 70% so far in 2022.