Originally posted on Wall Street Journal by Adrià Calatayud and Jared S. Hopkins
↗️Microsoft (MSFT): The software giant said it hired Sam Altman, days after hewas ousted as chief executive of OpenAI, to lead a new artificial-intelligence research team. Microsoft rose 0.9% in recent trading. Alphabet (GOOGL): Shares inGoogle owner Alphabet, whose AI product Bard competes with OpenAI’s ChatGPT,were little changed.
↘️Bayer (BAYRY), (XE: BAYN): The German pharmaceutical and agriculturalgroup was ordered to pay $1.56 billion in a lawsuit relating to its Roundupweedkiller, and said it had stopped a study for a potentially key cardiovascular drug.Bayer stock sank nearly 20% in Germany. Shares of drug maker Bristol Myers Sqibbfell 2%.
↗️YPF (YPF): The Argentinian energy company’s shares rose more than 30% inthe U.S., the day after a libertarian political outsider, Javier Milei, won Argentina’spresidential election. Shares of several U.S.-listed Argentinian companies also rose.
🔎 Uber Technologies (UBER): The ride-hailing company said it plans to issue $1.2billion-plus of convertible bonds. Uber’s shares edged higher Monday.
🔎 Nvidia (NVDA): The company, whose chips are in high demand for AIapplications, is due to report results Tuesday. Its stock climbed in morning trading.
🔎 Zoom Video Communications (ZM): The video-conferencing company is due toreport results after the close.
