- Greece is due to pay a tranche of around 450 million euros ($483.5 million) to the International Monetary Fund (IMF). Greek Prime Minister Alexis Tsipras did not ask Russia for financial aid, Russian President Vladimir Putin said after the two met in Moscow.
- Generic drug maker Mylan has submitted an offer to buy Perrigo (PRGO) for around $29 billion in cash and shares. Mylan (MYL) offered to buy the Ireland-based company for $205 per share, a premium of more than 25% over Perrigo's April 3 closing price. The offer puts the spotlight on pharmaceutical stocks that could be in for consolidation.
- Regulators have hamstrung banks and this is why the next crisis will see more volatility and faster falls in valuations, JPMorgan (JPM) head Jamie Dimon said in his annual letter to shareholders, quoted by the FT. A recent survey by KPMG showed U.S. banks feel most pressure when it comes to regulation.
- Exploration company UK Oil & Gas said it found important oil reserves in West Sussex, near London's second-biggest airport, Gatwick. The site could hold over 8.6 billion barrels of oil, nearly a fifth of the quantity that has been pumped out of the North Sea in the past 40 years.
- Argentina is suing Citigroup (C) in the local courts for striking a deal with U.S. creditors that fight the government over unpaid debt.
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