•SMIC, China's top contract chipmaker, stated that overseas clients are shifting orders back to China as the AI boom tightens capacity at foreign foundries.
•A Texas jury found Exxon Mobil not liable on claims it defrauded investors through disclosures tied to its Canadian oil sands and Rocky Mountain gas operations.
•Toyota Motor has sought approval to build a new vehicle assembly line at its existing manufacturing complex in Texas with a planned investment of approximately $2 billion.
•Lululemon Athletica reported stronger-than-expected Q4 fiscal 2025 results, with both revenue and earnings per share surpassing Wall Street estimates.
•The company's core business model focuses on premium athleisure, direct-to-consumer sales, and international expansion.
•The Sixth Circuit Court of Appeals denied a rehearing request from Kellogg Co. and FedEx Corp. regarding pension calculation lawsuits for married employees.
•The court's decision mandates that pensions including surviving spouse payments must be the actuarial equivalent of a single-life pension.
•Canopy Growth plans to file restated financial results for the fiscal years ended March 31, 2025, and March 31, 2024, along with certain interim periods.
•The company expects to release its financial results for the quarter and fiscal year ended March 31, 2026, before markets open on June 15, 2026.
•The Offshore Alliance union announced that some workers at the Karratha gas plant and Pluto LNG facilities will begin strike action starting Wednesday.
•Cathedra Bitcoin securityholders overwhelmingly approved a special resolution authorizing a statutory plan of arrangement with Sphere 3D Corp. with a 99.95% vote.