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  • Universal Music Group Rejects Pershing Square Proposal May 29, 2026 23:05 ET

    Universal Music Group N.V. (UMG.AS, UNVGY, UMGNF), the Dutch-American music-based entertainment company, announced that its Board of Directors has unanimously determined that the unsolicited and non-binding proposal received from Pershing Square Capital Management, L.P. on April 7, 2026, is not in the...

  • Johnson & Johnson Reports Promising Phase 1/1b Results In Advanced Lung Cancer May 29, 2026 22:25 ET

    Johnson & Johnson (JNJ) announced updated findings from the Phase 1/1b CHRYSALIS-2 study, which evaluated intravenous RYBREVANT (amivantamab-vmjw) in combination with LAZCLUZE (lazertinib) in patients with advanced non-small cell lung cancer (NSCLC) harboring atypical epidermal growth factor receptor...

  • Lundin Mining Updates Share Capital And Buyback Progress May 29, 2026 21:51 ET

    Lundin Mining Corporation (LUN.TO) announced an update to its share capital and voting rights. As of May 29, 2026, the number of issued and outstanding shares decreased by 231,484, bringing the total to 855,378,907 common shares with voting rights. This reduction reflects share buybacks completed under...

  • U.S. Stocks Finish Lackluster Session At New Record Highs May 29, 2026 16:18 ET

    Stocks fluctuated over the course of the trading session on Friday but largely maintained a positive bias before ending the day mostly higher. The Dow led the way higher, although all three major averages ended the day at new record closing highs.

  • U.S. Stocks Mostly Higher As Traders Await News On U.S.-Iran Deal May 29, 2026 11:22 ET

    After recovering from initial weakness to end the previous session mostly higher, stocks have fluctuated over the course of the trading day on Friday. The Nasdaq and the S&P 500 are seeing some volatility on the day, although the narrower Dow has shown a notable move to the upside. Currently, the major averages are all in positive territory.

  • Maison Lanvin Appoints Barbara Werschine As CEO May 29, 2026 11:08 ET

    Friday, Lanvin Group Holdings Limited (LANV) announced that its couture house in Paris, Maison Lanvin, has appointed Barbara Werschine as Chief Executive Officer. Most recently, Werschine served as CEO of Eric Bompard, where she successfully modernized the brand and optimized its financial performance. Upon...

  • Chicago Business Barometer Soars To Highest Level Since January 2022 May 29, 2026 10:00 ET

    A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity soared to its highest level in over four years in the month of May. MNI Indicators said its Chicago business barometer spiked to 62.7 in May from 49.2 in April, with a reading above 50 indicating growth. Economists had expected the index to rise to 51.2.

  • Dizal: ZEGFROVY Shows Superior Anti-tumor Efficacy In Phase 3 WU-KONG28 Study May 29, 2026 09:37 ET

    Dizal (688192.SS) announced the results from the phase 3 WU-KONG28 study showing that ZEGFROVY monotherapy demonstrated superior anti-tumor efficacy, compared to platinum-doublet chemotherapy, in untreated NSCLC patients with EGFR exon 20 insertion mutations. Xiaolin Zhang, CEO of Dizal, said: "WU-KONG28...

  • Scotiabank To Buy MapleMark Bank May 29, 2026 09:21 ET

    The Bank Of Nova Scotia (BNS, BNS.TO) said on Friday that it has inked a deal to acquire Maple Financial Holdings, Inc., parent company to MapleMark Bank. Travis Machen, CEO and Group Head, Global Banking and Markets, Scotiabank, said: "Our acquisition of MapleMark Bank allows Scotiabank to offer...

  • Johnson & Johnson Reports Positive Data For TECVAYLI As Early As First Relapse In Multiple Myeloma May 29, 2026 09:16 ET

    Johnson & Johnson (JNJ) on Friday reported new positive results from the Phase 3 MajesTEC-9 study evaluating TECVAYLI in patients with relapsed or refractory multiple myeloma treated as early as second line. The study showed that treatment with TECVAYLI reduced the risk of disease progression or death...

  • AbbVie's VENCLYXTO Label Gets EU Approval For Chronic Lymphocytic Leukemia Treatment May 29, 2026 08:56 ET

    Friday, AbbVie Inc. (ABBV) announced that the European Commission has authorized an expanded label for VENCLYXTO to include use in combination with acalabrutinib and use in combination with ibrutinib for the treatment of adult patients with previously untreated chronic lymphocytic leukemia. The expanded...

  • U.S. Stocks May Edge Higher As Crude Oil Prices Slump May 29, 2026 08:50 ET

    Following the advance seen over the course of the previous session, stocks may see further upside in early trading on Friday. The major index futures are currently pointing to a slightly higher open for the markets, with the S&P 500 futures up by 0.1 percent. Persistent optimism about a potential...

  • CoStar Group To Buy Home Data Firm Zonda For $800 Mln May 29, 2026 08:41 ET

    CoStar Group (CSGP), a provider of online real estate marketplaces said on Friday it agreed to buy Zonda, a provider of new home construction data and marketplaces, for $800 million in cash. The deal is expected to close in the second half of 2026 and be accretive to adjusted earnings per share in...

  • EU Advances EURO 90 Bln For Ukraine To Meet Urgent Budgetary, Defense Needs May 29, 2026 08:38 ET

    The European Commission has said that it has advanced EURO 90 bln laon for Ukraine to meet its urgent budgetary and defense needs as Russia has intensified attacks on the country. It covers two thirds of Ukraine's overall financing and defence needs for 2026 and 2027. This week, the Commission...

  • Airports In 43 US States Granted $523 Mln To Modernize Infrastructure May 29, 2026 08:35 ET

    U.S. Transportation Secretary Sean P. Duffy announced that the Federal Aviation Administration will invest more than $523 million in airports nationwide to modernize infrastructure, improve safety and deliver a more efficient travel experience. The Department delivered 332 grants to airports in 43...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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