May. 5 at 1:29 AM
$SHEL $SPY $CHDN $AAL $GOOGL
TOP 5 WEEKEND STORIES:
1) Shell (SHEL) is working with advisers to evaluate a potential acquisition of BP (BP), though it is waiting to see if the stock and oil price declines further before deciding to pursue a bid, Dinesh Nair, Vinicy Chan, Will Mathis, and Mitchell Ferman of Bloomberg reports, citing people familiar with the matter. Shell has been more seriously discussing the feasibility and merits of a BP takeover in recent weeks, the sources added.
2) President Donald Trump stated in a post to Truth Social: "The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands. WE WANT MOVIES MADE IN AMERICA, AGAIN!"
3) Churchill Downs (CHDN) says wagering from all sources on the Kentucky Derby Day program set a new record of
$349.0M, beating last year's record of
$320.5M. All-sources wagering on the Kentucky Derby race was a new record of
$234.4M, beating last year's record of
$210.7M. All-sources handle for Derby Week rose to a new record of
$473.9M, beating last year's record of
$446.6M. TwinSpires handled a new record of
$108.0M in wagering on Churchill Downs races for the Kentucky Derby Day program, compared to last year's record of
$92.1M, including all settled future wagers and affiliate wagering.
4) American Airlines (AAL) sued Chicago in a fight with United Airlines (UAL) over valuable gat space at O'Hare International Airport, Robert Burnson and Mary Schlangenstein of Bloomberg reports. American Airlines claims United wants to push the company out so it can become the "sole hub carrier" of the fourth-busiest airport in the world.
5) Google (GOOGL) can train its search-specific AI products on content across the web, even when the publishers have chosen to opt out of training Google's AI products, Davey Alba of Bloomberg reports, citing comments made by a vice president of product.
