Track the evolution of major financial and economic events
Microsoft is considering legal action against Amazon and OpenAI over a $50 billion cloud deal, claiming it could breach its exclusive partnership with the ChatGPT maker. On March 19, OpenAI and Amazon announced a new partnership to develop a Stateful Runtime Environment for Amazon Bedrock. Amid ongoing tensions, OpenAI is seeking to attract investments from firms like TPG and Advent International.
On March 18, Elliott Investment Management confirmed building a significant investment stake in Japanese shipping company Mitsui OSK Lines. Elliott is pushing the shipping company to improve shareholder returns and capital efficiency. On March 27, Norwegian Cruise Line Holdings announced a board refreshment by appointing five new independent directors, and a cooperation agreement was reached with Elliott Investment Management.
Tencent Music's stock plummeted by 20% despite strong revenue growth in Q4 2025, with total revenue increasing by 15.9% to reach RMB 8.64 billion. This drop was attributed to changes in the disclosure of user metrics. Macquarie updated its rating for TME to 'Neutral' at a price of $11.37.
Peloton (PTON) is facing a terminal decline despite management changes and new strategic ideas. Reports suggest that the events that destroyed the company have finally dragged it under.
On March 17, the SEC indicated that it might soon reduce the frequency of quarterly earnings reports required from public companies. Companies have raised concerns that the current quarterly reporting cycle is both costly and time-consuming.
Corporación América Airports (CAAP) reported a quarterly EPS of $0.65, significantly exceeding the estimated $0.37. Revenue reached approximately $545.4 million, surpassing the estimated $483.8 million. The company shows financial stability with a debt-to-equity ratio of 0.78 and a current ratio of 1.53.
On March 17, activist investor Jana Partners urged Six Flags Entertainment to explore a potential sale. Jana Partners also called for the immediate replacement of the company's board chair.
The European Commission approved Leonardo's acquisition of Iveco Group's defense unit on March 17, valued at nearly $2 billion. The Commission concluded that the deal would not raise competition concerns due to its limited impact on relevant markets. This approval represents a significant step in Leonardo's expansion within the European defense sector.
On March 17, the National Comprehensive Cancer Network (NCCN) updated its 2026 Clinical Practice Guidelines to include ANKTIVA in combination with BCG for treating patients with BCG-unresponsive non-muscle invasive bladder cancer. On March 24, ImmunityBio's shares fell by 20% after the U.S. Food and Drug Administration issued a warning letter regarding a television advertisement and podcast promoting its cancer therapy, which were deemed false or misleading and in violation of federal law.
Tesla and LG Energy plan to build a $4.3 billion battery plant in Michigan, with an annual capacity of 50 GWh, set to begin production next year. The American-made batteries will power Tesla's Megapack 3 energy storage systems. Additionally, Tesla aims to add 100 gigawatts of solar capacity in the United States.
BNP Paribas targets doubling pre-tax income from its asset management platform by 2030. This plan is part of the Group's strategy to achieve a 13% Return on Tangible Equity (ROTE) by 2028. The expansion relies heavily on successful integration following the acquisition of AXA IM.
On March 16, Beyond Meat forecasted Q4 revenue below Wall Street estimates. The company also announced a delay in filing its 2025 annual report, attributed to material weakness in internal financial controls.
On March 16, Vertiv announced converged physical infrastructure models (power and cooling) for NVIDIA's Vera Rubin AI factories. On the same day, Wiwynn showcased NVIDIA Vera Rubin NVL72 infrastructure solutions at GTC 2026 in collaboration with Wistron. The new designs aim to accelerate deployment and reduce integration risk in high-density AI factories. On March 23, Ecolab acquired CoolIT for $4.75B to enhance its AI data center cooling platform. On March 24, Vertiv announced an agreement to acquire ThermoKey, enhancing its cooling solutions portfolio.
Rhythm Pharmaceuticals' experimental drug for genetic obesity failed to meet the primary goal of its late-stage clinical trial, leading to a sharp drop in its shares. Meanwhile, competing drugs have shown positive weight loss results, including Wegovy® HD, which received FDA approval. Novo Nordisk also cut prices on obesity drugs in India in response to the influx of cheaper generic medications in the market.
Cboe Global Markets has submitted a proposal to the SEC to launch near 24/5 U.S. equities trading on its EDGX exchange. The launch is targeted for December 2026, pending regulatory approval and industry infrastructure readiness. The expanded trading hours will be implemented on the Cboe EDGX Equities Exchange.
On March 16, NVIDIA announced DLSS 5 technology, which uses AI to infuse pixels with photorealistic lighting and materials. This new technology aims to bridge the gap between rendering and reality in video games. On March 18, NVIDIA introduced the NemoClaw platform, an enterprise-ready version of the OpenClaw AI agent platform, adding security and privacy features. Eco Wave Power's technology was showcased during Jensen Huang's keynote at NVIDIA GTC. On March 19, Shutterstock announced a major expansion of licensed training datasets to power the next generation of generative AI.
SoFi CEO Anthony Noto purchased $1 million in shares at approximately $17.88 each. The company projects a 30% revenue growth to reach $4.7 billion by 2026, with adjusted EBITDA expected to rise 52% to $1.6 billion. Meanwhile, Muddy Waters claims that SoFi has inflated the fair value of its loan portfolios. Nevertheless, SoFi has expanded its Loan Platform Business with new agreements totaling over $3.6 billion.
Niu Technologies' shares plummeted by 13% on March 16 as global e-scooter sales collapsed by 68%. On March 25, Amprius Technologies secured a $21 million purchase order for lithium-ion batteries, including SiCore® cylindrical cells for light electric vehicles. By the end of March, Also, spun out of Rivian, reached a $1 billion valuation in a new funding round and struck a partnership with DoorDash for autonomous deliveries.
On March 16, Cingulate Inc received approval from the US Patent and Trademark Office (USPTO) for a key patent application related to its ADHD treatment. The patent protects the proprietary technology behind CTx-1301, the company's lead ADHD drug candidate. Following this announcement, Cingulate Inc (CING) shares surged in Monday morning trading.
On March 16, the Canadian Department of National Defence signed a 10-year agreement to lease a dedicated launch pad at Spaceport Nova Scotia. This agreement marks a historic milestone in establishing Canada's sovereign launch capability from its own soil. The site operator is Maritime Launch Services Inc., traded under the ticker MAXQ.
US markets are awaiting Micron Technology's earnings results this week as its stock approaches an all-time high. Major US indices experienced significant declines, influenced by the ongoing war in Iran affecting market sentiment. However, companies like Williams-Sonoma and DocuSign reported positive earnings, contributing to improved sentiment towards the end of the month.
On March 16, Apple launched the MacBook Neo at $599, its cheapest laptop to date, along with the iPhone 17e at the same price. This move is seen as a price war aimed at pressuring rivals in the hardware sector. Apple's sales in China surged by 23% in the first nine weeks of this year, despite a 4% downturn in the Chinese smartphone market. There is also strong consumer interest in a potential major form-factor change for Apple. On March 27, Apple announced plans to end its exclusive partnership with ChatGPT and will open Siri to rival AI assistants in iOS 27.
On March 16, Savills PLC completed the acquisition of the US real estate investment bank Eastdil Secured for $1.1 billion. This deal marks the largest acquisition in the history of the British firm Savills. The move aims to strengthen Savills' position in the global real estate finance market and major US transactions.
On March 16, Allegiant and Sun Country announced the early termination of the Hart-Scott-Rodino (HSR) Act waiting period. This action represents receiving U.S. antitrust clearance, a critical step toward completing the acquisition.
