News Highlights: Top Company News of the Day - Thursday at 5 AM ET

Shell Launches $3.5 Billion Buyback 
 

Shell's first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.

 
Novo Nordisk Bullish as Demand For Blockbuster Drugs Soars 
 

The Danish pharmaceutical giant raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.

 
Apple Earnings Day Is Here. It Could Be A Little Dicey. 
 

This has been a rough year so far for investors.

 
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia 
 

The U.S. tech giant's investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.

 
UnitedHealth Under Fire in Congressional Hearings Over Cyberattack 
 

Congress aggressively questioned UnitedHealth Group's response to the hack of its Change Healthcare unit in hearings Wednesday.

 
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid 
 

The chair of Rio Tinto declined to comment on whether the world's second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.

 
Standard Chartered Posts Higher Profit on Trading Gains 
 

The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.

 
Maersk Sees Overcapacity Issues Persisting 
 

Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potentially for the rest of the year.

 
ArcelorMittal Cautious Despite Earnings Beat 
 

ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment remained subdued with no signs customers were restocking on inventories.

 
DBS Earnings Beat Expectations 
 

Singapore's biggest bank by assets said its first-quarter net profit rose on higher fee and commission income, and expects to deliver strong shareholder returns this year

(END) Dow Jones Newswires

May 02, 2024 05:15 ET (09:15 GMT)

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