Earnings season. Saudi Arabian Oil (Aramco), Toyota Motor, Allianz SE, Duke Energy, Honda Motor, Vodafone, Deutsche Post, Innogy, Alcon, E.ON and Shiseido are among companies reporting their earnings today.

Toyota will remain profitable. Toyota Motor expects to make an operating profit in the order of JPY 500bn for the fiscal year starting April 1, down 80% from the previous year and its lowest level in the last nine years. The results for the fiscal year ended March 31 were solid.

The voice of doom. The boss of Boeing, in an interview to be published on NBC, estimates that air traffic in September will not even reach 25% of its previous level and that a major American company could disappear.

Tough break. The verdict is in for Genfit: Elafibranor is a NASH Phase III defeat. The drug candidate failed to produce sufficiently differentiating effects compared to placebo. It remains in the running in another indication.

End of a (lucrative) story. PNC Financial will exit BlackRock's capital by placing 22% on the market. The shares currently have a market value of about $17 billion, which is about 70 times the shareholder's stake in 1995. BlackRock plans to repurchase just over $1 billion of the securities to be placed.

Elon stays defiant. Elon Musk goes on a crusade against the local authorities, announcing the restart of production in the Californian factory of Tesla. Still as uncontrollable as ever, the leader even challenged the authorities to stop him. "Tesla resumes production today,," he tweeted.

Logitech, corona-proof. Purchases of computer peripherals due to containment boosted Logitech's sales, which jumped 13.6% in the quarter ended March 31, the last of the Swiss group's fiscal year. For the full year, revenues grew by 9% and net income by 7.6% to $364.8 million. The company is one of the few to have maintained its annual targets of around 5% growth in local currency business and an operating profit of between $380 and $400 million.

In other news. Under Armour recorded losses in the first quarter after a 23% contraction in revenues. Tencent Music misses the consensus in Q1, the share loses 4.5% post session. Marriott's quarterly results are even worse than expected. KKR acquires 5.2% of ProSiebenSat. ThyssenKrupp reports a loss of €948 million for the quarter ended March 31. The results of the German insurance giant Allianz are down by 29% in the first quarter.