Nvidia CEO Cashes in on Rally With $169 Million Share Sale

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Nvidia CEO Cashes in on Rally With $169 Million Share Sale, Lilly Wins FDA Approval for New Drug to Slow Alzheimer’s, UAE IT Services Firm Alpha Data Plans $200 Million Abu Dhabi IPO, Xi Backs Putin as Pressure Builds on China to End War in Ukraine and Swiss price regulator puts UBS under observation

Let's jump in.

Before The Bell

Markets

• Japan’s Topix Hits All-Time High, Closing Above 1989 Record (BBG)

• European Stocks Advance With Elections in Focus: Markets Wrap (BBG)

News Summary

• UK general election live: Voters head to the polls to decide on next prime minister (Stuff)

• Giesen gets a bigger 0% wine machine as demand rises (Stuff)

• ‘No-one is pushing me out ... I’m not leaving’ says Joe Biden after report he canvassed exiting US presidential race (Stuff)

• BHP misses internal targets, docks incentives across global workforce (AFR)

• ‘No water equals no milk’: big dry, cold snap hit farmers (AFR)

• Labour set for landslide win as UK votes (AFR)

• Xi Backs Putin as Pressure Builds on China to End War in Ukraine (BBG)

• PwC Is Grappling With an Exodus of Clients and Staff in China (BBG)

• Nvidia CEO Cashes in on Rally With $169 Million Share Sale (BBG)

• ‘Minecraft’ Hunts Revenue Beyond Gamers as Industry Growth Slows (BBG)

• China’s Investment Bankers Join the Communist Party as Morale (and Paychecks) Shrink (BBG)

• Lilly Wins FDA Approval for New Drug to Slow Alzheimer’s (BBG)

• Trump allies intensify Harris attacks as Biden replacement talk builds (RT)

• China warns of hotter, longer heatwaves as climate change intensifies (RT)

• Tesla cars for first time on Chinese government purchase list (RT)

• China-built EVs hit with duties in biggest EU trade case yet (RT)

• Swiss price regulator puts UBS under observation (RT)

Deal Flow

Investments / M&A

• French State Investment Firm Eyes Stake in Sanofi Consumer Unit (BBG)

• UAE IT Services Firm Alpha Data Plans $200 Million Abu Dhabi IPO (BBG)

• Eni, Equinor Deals in Nigeria Approved After Months of Delay (BBG)

• Macy’s Investor Group Raises Buyout Offer Again, WSJ Reports (BBG)

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