Peter Loftus / Wall Street Journal:
How AI is transforming the pharma industry, with most gains so far from back-office streamlining and faster manufacturing rather than breakthrough drug research  —  Drug companies like Eli Lilly and Roche are racing to build supercomputers to help fix the 90% failure rate in drug development

Mike Rogoway / Oregonian:
Lattice Semiconductor agrees to acquire AMI for $1.65B in cash and stock; Georgia-based AMI provides firmware and infrastructure manageability for cloud and AI  —  Hillsboro-based Lattice Semiconductor said Monday it is buying a Georgia tech company called AMI for $1.65 billion in cash and stock …

Olivia Poh / Bloomberg:
Grab reports Q1 revenue up 24% YoY to $955M, above est., and a $154M adjusted EBITDA, vs. $146.3M est., helped by resilient demand for ride hailing and delivery  —  Grab Holdings Ltd. reported first-quarter profit that exceeded analysts' estimates, helped by resilient demand for ride hailing …

Diana Novak Jones / Reuters:
New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children  —  The U.S. state of New Mexico on Monday asked a judge to declare Meta Platforms (META.O) a public nuisance …

Tanaya Macheel / CNBC:
Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act to preserve stablecoin rewards under certain conditions; Circle's stock closed up ~20%  —  Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act …