United Airlines (- 1.08% to 42.09) would have contacted Airbus to buy more A321neo type aircraft in order to fill the potential gap left by the delay of the 737 MAX 10s from Boeing (- 0.14% to 205.19).
The company Ryanair Holdings Adr (+ 2.64% to 133.54) for its part said it was ready on Monday to buy “at the right price” the 737 MAX 10, delivery of which would have been rejected by the American aeronautical group’s customers.
According to the Wall Street Journal, the US administration is expected to grant billions of dollars in subsidies to major semiconductor companies in the coming weeks to help them build new factories in the United States. Intel took 0.44% to 43.84, Micron Technology 1.16% to 89.07 and Texas Instruments 1.19% to 166.04.
Lockheed Martin (-0.44% to 428.01) announced Friday its intention to cut 1% of its workforce during this year in order to reduce costs and streamline its operations. The defense group employs 122,000 people worldwide.
Teams, the professional messaging platform of Microsoft (+ 1.43% to 409.72) was restored on Saturday after a disruption which blocked its access.
Spotify (+ 2.03% to 218.64) said Friday that the project submitted by Apple (-0.36% to 191.73) to comply with the European Union’s Digital Markets Act (DMA) was “a complete and utter farce.”
Sarepta Thetapeutics (+1.49% to 120.5) said a mid-stage trial showed one of its experimental drugs was more effective than its older drug for some patients with Duchenne disease.
Vir Biotechnology lost 0.31% to 9.52, penalized by JP Morgan which lowered its recommendation to Neutral from Overweight.
Hershey gained 1.36% to 192.79, supported by Bernstein who moved from performance in line with the market to Outperformance.
Willscot Mobile Mini (+1.04% to 45.59) announced its intention to buy the rental company McGrath Rentcorp (+10.74% to 123.75) in a transaction valued at $3.8 billion, as the portable storage solutions company seeks to expand its presence in North America.
THE Dow Jones thus gained 0.59% to 38,333.45 points, the Nasdaq Composite 1.12% to 15,628.04 points and the S&P 500 0.76% to 4,927.93 points.
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