Brent crude fell 9.1% to $90.38 on April 17 after Iran said the Strait of Hormuz was open, while the S&P 500 rose 1.2% to a record. On April 18, Iran said control of the strait had reverted to strict military management, and AP reported that UKMTO said IRGC gunboats fired on a tanker.
Cerebras filed an S-1 on April 17 for a Nasdaq listing under $CBRS, reporting 2025 revenue of $510.0M, up 76%, and 2025 net income of $237.8M after a $481.6M net loss in 2024. The filing says OpenAI committed to a multi-year deal valued at more than $20B and received a 33.4M-share warrant subject to vesting.
Schroders $SDR shareholders approved Nuveen's £9.9B acquisition with 99.92% of Scheme Shares voted for the Court Meeting resolution and 99.93% support at the General Meeting. The deal still needs court sanction and remaining conditions before the expected Q4 2026 close.
Intertek $ITRK rose 12.6% in London after confirming it rejected EQT's indicative £51.50-a-share cash proposal. The UK testing group said the offer fundamentally undervalued the company, while EQT faces a May 14 UK takeover deadline.
Barry Callebaut $BARN fell as much as 17% after cutting its FY 2025/26 EBIT outlook to a mid-teens decline. The chocolate supplier cited a 61% slide in cocoa bean prices from the start of the fiscal year, volume pressure, supply disruption, and overcapacity.
Netflix $NFLX fell 9% in extended trading even after Q1 revenue rose 16% to $12.25B, ahead of the $12.18B LSEG estimate. The selloff followed unchanged 2026 guidance, a $0.78 Q2 EPS forecast, and Reed Hastings saying he will leave the board in June.
Allbirds $BIRD became the only Reddit-selected item in this run after a r/wallstreetbets post linked Reuters reporting that shares jumped over 400% on an AI pivot. CNBC said the company’s market value rose from about $21 million on Tuesday to $148 million on Wednesday after a $39 million asset-sale agreement.
Madison Air $MAIR priced its IPO at $27 a share and raised about $2.2 billion, according to MarketWatch, making it the largest IPO of 2026 and the largest industrial listing since 1999. The company registered NYSE trading under ticker $MAIR.
The SEC issued a conditional exemptive order on April 15 allowing eligible customers to cross-margin cash U.S. Treasury positions cleared at FICC with Treasury futures cleared at CME. The market-structure change extends a tool previously available only to clearing members.
PepsiCo $PEP posted first-quarter revenue of $19.44 billion, above the $18.94 billion LSEG estimate cited by CNBC, and adjusted EPS of $1.61 versus $1.55 expected. Net revenue rose 8.5% as North American foods returned to volume growth after price cuts.
TSMC $TSM reported NT$572.48 billion in first-quarter net income, up 58.3% year over year and above the NT$543.32 billion LSEG SmartEstimate cited by CNBC. The foundry guided second-quarter revenue to $39.0 billion-$40.2 billion as AI demand kept advanced capacity tight.
ASML $ASML gained 1.1% after first-quarter net sales of €8.8 billion and net profit of €2.8 billion beat LSEG expectations of €8.5 billion and €2.5 billion. The company lifted its 2026 sales outlook to €36 billion-€40 billion as AI-related chip demand continued to tighten capacity.