Published on 03/31/26 at 10:05
Financial Markets Update on Wall Street
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ORACLE (+6%): Software publisher Oracle has begun drastically reducing its workforce while continuing to invest heavily in data centers for artificial intelligence (AI), according to the Wall Street Journal. The exact number of layoffs is not yet known, but some employees have indicated that job cuts could reach “several thousand”. Earlier this year, analysts at investment bank TD Cowen predicted that Oracle would eliminate up to 30,000 jobs and sell off some assets to fund its AI infrastructure projects.
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MCCORMICK (-6.1%): UNILEVER (+0.7% in London) is in advanced negotiations with McCormick to spin off its food business and merge it with the spice producer. Unilever said that discussions are ongoing to finalize a transaction, and an agreement could be reached today, although this is not guaranteed.
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MARVELL (+12.8%): Processor manufacturer Nvidia (+5.6%) will invest $2 billion in its competitor Marvell as part of a partnership to develop new AI specialized chips. The two companies will collaborate on photonics technologies for chip data processing.
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ELI LILLY (+3.7%): Pharmaceutical group Eli Lilly announced the acquisition of British company CENTESSA, specializing in sleep disorder treatment, for $6.3 billion. Eli Lilly will offer $38 per share in cash, as well as a conditional $9 per share based on certain milestones.
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APELLIS PHARMACEUTICALS (+136% at $40.23): Immunology pharmaceutical company APELLIS PHARMACEUTICALS accepted a friendly acquisition offer from BIOGEN (-4.7%) at $41 per share, totaling nearly $5.6 billion.
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Microsoft (+3.1%): The American software giant announced an investment of over $1 billion between 2026 and 2028 in cloud and AI infrastructure in Thailand. Microsoft’s President Brad Smith met with Thai Prime Minister Anutin Charnvirakul on Tuesday in Bangkok.
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NIKE (+3.1%): The footwear and sportswear manufacturer is set to release its third-quarter results after the close of Wall Street. Analysts predict earnings of 29 cents per share, with revenues reaching $11.23 billion.
Source: Agefi-Dow Jones The financial newswire
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