Recap of May 2023 in 3 Minutes

The month of May this year witnessed various developments in the commodity markets, M&A deal scene and regulatory changes. Here are the most significant business & finance news from May 2023.

Here is a list of significant news from this month along with their news sources.

May-1	First Republic Bank Is Seized Sold to JPM In Second-Largest US Bank Failure	Source
May-2	Hindenburg Unveils Short Position In Icahn Enterprises	Source
May-3	Fed Hikes Rates by Quarter Point Powell Hints at Possible Pause	Source
May-4	TD First Horizon End $13B Merger as Regulators Stall	Source
May-5	Top Vodafone Backer E& Weighs Increasing Stake to Up to 25%	Source
May-7	Virgin Galactic Aims for Space Tourism Launch After Years of Delays	Source
May-9	Apollo Dials Back $25B Goal for Flagship Buyout Fund	Source
May-10	$10.6B Lithium Deal to Create World’s No.3 Producer	Source
May-11	BoE Raises Key Rate to 4.5% Saying Further Hikes May Be Needed	Source
May-12	Debt-Ceiling Talks Continue as Report Warns of Possible June Default	Source
May-13	Biggest Crypto Exchange Forced Out of Canada	Source
May-14	Newmont Seals $19B Newcrest Takeover in Top Gold Deal	Source
May-15	Microsoft’s $75B Activision Blizzard Deal Gets EU Approval	Source
May-16	FTC Moves to Block Amgen’s $27.8B Deal for Horizon Therapeutics	Source
May-17	Oil Ends up Almost 3% After Hitting $70 Support Overlooks Big US Crude Build	Source
May-18	Disney Scraps Plan for $900M Florida Campus	Source
May-19	Tycoons’ Bids Value Yandex NV at $7B	Source
May-20	Negotiators Halt US Debt-Ceiling Talks With No Breakthrough In Sight	Source
May-21	China Replaces Japan as World’s Top Car Exporter	Source
May-22	Meta Fined 1.3 Billion for Violating E.U. Data Privacy Rules	Source
May-23	Carl Icahn Is $15B Billion Poorer After Hunter Become the Hunted	Source
May-24	Nvidia Nailed Bet on AI Trend In Surge Toward $1T	Source
May-25	Biden Says Debt-Ceiling Deal Is ‘Very Close’	Source
May-26	Stocks Rise on Hopes for Debt-Ceiling Deal	Source
May-28	WTI Crude Oil Futures Tumbles $2.51 to Settle at $71.83	Source
May-30	Messer Nears GIC Stake Sale at Over €12B Valuation	Source
May-31	Nvidia Touches $1T Mark After Beating Rivals to AI	Source

The below pictures provide a good summary as a snapshot regarding what happened troughout this month.

Can Ergur