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According to Business Insider: Amazon (AMZN.O) made further layoffs this week, involving its sales partner services department.
The head of the Peruvian Investment Promotion Agency: The United States and the European Investment Bank are "very interested" in providing a $2 billion loan to the Peruvian state oil company. As part of the financing arrangement, Peruvian state oil company is expected to receive the first tranche of US$500 million in mid-June.
White House: Kevin Warsh has been confirmed as chairman of the Federal Reserve.
According to the Financial Times: British regulators are pushing private credit institutions to disclose more data.
Artificial intelligence chip maker Cerebras Systems is expected to price its U.S. IPO at $185 per share, according to people familiar with the matter.
Sources: Microsoft is exploring deals with artificial intelligence startups to prepare for the "post-OpenAI era." Microsoft considered acquiring Cursor but backed off due to antitrust concerns. Microsoft has discussed a deal with artificial intelligence startup Inception. Inception has hired a bank to negotiate a deal of at least $1 billion.
Cisco (CSCO.O) U.S. stocks rose more than 7% after the bell.
The Dow Jones Index closed down 67.36 points, or 0.14%, at 49693.20 points on May 13 (Wednesday);The S&P 500 Index closed up 43.2 points on May 13 (Wednesday) 9 points, an increase of 0.58%, to 7444.25 points;The Nasdaq Composite Index closed up 314.14 points, or 1.20%, to 26402.34 points on May 13 (Wednesday).
According to the Wall Street Journal: The U.S. Department of Defense is accelerating the purchase of 10,000 low-cost cruise missiles within three years.
CFTC Chairman: Congratulations to Josh Warsh on his confirmation as our next Federal Reserve Chairman. We look forward to working together to ensure that the United States continues to maintain its global leadership in finance.
US Vice President Vance: The fundamental question in the current negotiations is whether we can make enough progress to meet the red lines set by Trump. This red line is very simple. He needs to be convinced that we have adequate safeguards in place to ensure that Iran never acquires a nuclear weapon.
CDC officials: Risk to the American public from hantavirus remains low.
U.S. Centers for Disease Control and Prevention officials: More than 100 employees are currently involved in hantavirus response work.
ECB Chief Economist Lane: Wage negotiations have not yet responded to rising energy prices.
Lane, chief economist of the European Central Bank: The demand destruction channel limits the adjustments needed for monetary policy, while fiscal expansion does the opposite.
ECB Chief Economist Lane: Business and news indicators suggest that the current energy shock is unfolding in an environment with weak demand support.
Lane, chief economist of the European Central Bank: The spread of the Iran shock may be more limited than in 2022, but the intensity and speed will exceed historical averages.
ECB Chief Economist Lane: The rise in sales price expectations suggests that production cost pressures in the coming months will translate into higher output prices.
ECB Chief Economist Lane: The optimal response to exogenous supply disruptions is likely to be smaller than the response to demand shocks.
U.S. Vice President Vance: (Talking about Iran) spoke with special envoys Witkoff and Kushner this morning.