#buybacks

Yum Brands $YUM agreed to sell Pizza Hut in two transactions worth about $2.7B: $1.5B for ex-China operations and $1.2B for China. The company also approved an incremental $4B share-repurchase authorization.

UBS $UBS rose 5% after first-quarter net profit jumped 80% to $3.0 billion, beating the $2.8 billion LSEG consensus. The bank kept a 14.7% CET1 ratio and said it is still on track to complete $3 billion of buybacks by second-quarter results.