1. According to reports, the Financial Times reported that the transaction for SoftBank to sell British chip company Arm to Nvidia broke down on Monday, citing unnamed direct sources. SoftBank will receive up to $1.25 billion in break-up fees and hopes to dispose of Arm through an initial public offering (IPO) by the end of the year.
PriceRunner, a price comparison company, said it sued Alphabet's Google for about 2.1 billion euros in damages. The company said Google violated antitrust laws by manipulating search results to provide information for its comparison shopping service.
3. Japan's Toshiba Corporation announced that it would split into two companies and sell non-core assets, abandoning the original plan to split into three companies, which had been strongly criticized by activist shareholders. Toshiba also said it would spend 300 billion yen (about $2.6 billion) of excess capital for shareholder returns over two years.
4. Samsung Group has set a high growth target of purchasing 56 million panels and TV units this year, an increase of 16.7% and 14.3% respectively over last year.
5. Dutch supervisory authority: Fined again for Apple's failure to comply with the order on app store payments, the total fine is currently 15 million euros.
6. Tesla investors revealed that Tesla may be developing an apple-like app store, which allows car owners to download and install applications by themselves, thereby creating a software and hardware ecological chain of Tesla's own brand.
7 Meta Platforms has again threatened to pull Facebook and Instagram out of Europe if it can't continue to transfer user data back to the U.S., and regulators are negotiating to replace a repealed privacy agreement.
8, the news said that Nissan Motor will stop developing new internal combustion engines for the Japanese, Chinese and European markets, and focus resources on electric vehicles.
9. Tyson Foods' sales in the first quarter of fiscal 2022 were US$12.933 billion, an increase of 23.6% year-on-year; net profit attributable to the company was US$1.121 billion, an increase of 140% year-on-year. The company expects sales of $49 billion to $51 billion in fiscal 2022.
10. According to SEC documents, P&G applied to issue floating rate notes of up to US$412.5 million.