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Market sentiment turned cautious as oil prices surged and Asian stocks plunged following reports of escalating tensions in the Middle East due to missile strikes and explosions in Iran, leading to concerns about wider conflict and impacting trading behaviors globally.

Sony Group and Apollo Management are discussing a potential joint buyout of Paramount Global, causing a significant increase in Paramount shares. Talks between Sony's movie studio division and Apollo Global Management suggest a potential bid for Paramount, with no official offer submitted yet.

Nordstrom's founding family is considering going private, leading the company's board to create a special committee to assess any potential deal. This decision by CEO Erik Nordstrom and President Pete Nordstrom coincides with a challenging period for department store chains in the U.S., as economic factors are impacting consumer spending habits.

Meta Platforms is aggressively expanding its AI capabilities with the launch of Llama 3 across its flagship apps like Facebook, Messenger, Instagram, and WhatsApp. The company aims to enhance user experiences and compete with industry leader OpenAI in the generative AI market.

Netflix exceeded expectations in the latest quarter, adding 9.3 million subscribers globally and surpassing revenue forecasts at $9.37 billion. Despite the positive financial report, the stock is trading lower in extended hours, indicating a complex market reaction.

Ibotta, a Walmart-backed tech marketing firm, successfully priced its initial public offering above estimates, raising $577.3 million at a valuation of $2.7 billion. The stock surged 33% on its market debut, reaching a valuation of $3.55 billion.

Alaska Air Group achieved a record first-quarter operating revenue of $2.2 billion and ratified a new agreement with AMFA-represented employees. The company's strong performance and positive outlook for the second quarter indicate potential growth in the upcoming months.

Nokia Corporation announced its Q1 2024 interim report, revealing a 19% decline in net sales. Despite challenging market conditions, the company showed strong cash flow and improving order trends, especially in Network Infrastructure, hinting at potential growth in the latter half of 2024.

Duolingo Inc. experienced a significant stock surge of over 8% as it joins the S&P MidCap 400 Index, effective before Monday's trading session, indicating positive market sentiment towards the language learning app's performance.

Anne Wojcicki, the CEO of 23andMe, is contemplating a potential buyout of the genetics testing company to take it private due to a recent decline in share price and enterprise value.