Wheat prices soar as India bans export

News of the day, Monday, May 16

The French court has ordered Sanofi to pay more than €400,000 to a family whose child suffered from autism caused by its epilepsy drug.

Ford sold 7 million more shares of EV maker Rivian for nearly $188 million after getting rid of 8M shares earlier.

China’s economic activity plummeted sharply in April as a wave of lockdowns significantly challenged growth prospects. This economic contraction is most significant since the start of the pandemic over two years ago.

As India banned wheat export, its price rose almost by 6%. It was previously expected that India would fill the market after the start of the Ukraine invasion, promising a global food crisis.

Elon Musk tweeted on Saturday that Twitter’s legal team accused him of violating an NDA by revealing that the sample size for the social media platform’s checks on automated users was 100.

The price of Brent crude is $110.00, WTI — $107.40, GBP/USD — 1.2227, EUR/USD — 1.0423, and gold costs $1797.40 per ounce.