'SNL' has 'Dr. Fauci' helping people get vaccinated

(CNN)Live from New York, it’s … Elon Musk?

In one of the more surprising announcements in the recent history of “Saturday Night Live,” the NBC variety show said Saturday that its next host will be Musk, the eccentric CEO of Tesla and one of the richest people on the planet.
Miley Cyrus will be joining Musk as musical guest on May 8.

The choice of Musk is an odd one for “SNL” since the show is not known for picking hosts from the tech or business world. Also, Musk has shunned the media lately.

That said, the show has selected business moguls before, including former New York Yankees owner George Steinbrenner and, of course, former President Donald Trump (before he was president.)

Trump hosted the show multiple times including as a candidate in 2015, which caused a lot of controversy for “SNL.”

As for Musk, the businessman will be able to show off his comedic chops. How exactly that plays remains to be seen, but this certainly is one of the buzzier choices SNL has made lately. It will likely get people to tune in who may not normally watch the show.
Musk is no stranger to being in front of the camera. He’s popped up in Marvel’s “Iron Man 2,” in a 2015 episode of “The Simpsons” and in several episode of “South Park.”

Oscars winners, North Carolina shooting, pink moon: 5 things to know Monday

Oscars: ‘Nomadland’ wins best picture, Anthony Hopkins shocks with best actor

The weirdest Oscar race ever had one more big surprise in store Sunday night. Director Chloe Zhao’s acclaimed drama “Nomadland” took best picture, director and actress (Frances McDormand) at the pandemic-delayed 93rd Academy Awards. But the biggest shock happened in the best actor category, where “The Father” star Anthony Hopkins upset Chadwick Boseman’s expected posthumous Oscar win for “Ma Rainey’s Black Bottom.” Taking place primarily at L.A.’s historic Union Station, the Oscars also honored Daniel Kaluuya (“Judas and the Black Messiah”) for best supporting actor and Yuh-Jung Youn (“Minari”) took home best supporting actress. 

• Oscar winners: See the full list of who won at the Academy Awards
• The 11 best-dressed Oscars stars: Regina King and Zendaya, we’d like our breath back, please
• Chloé Zhao makes history as the first woman of color — and second woman overall — to win the Oscar for best director

Canon Q1 Profit More Than Doubles, Lifts FY21 Outlook, Declares Dividend; Stock Up

Japan’s Canon Inc. (CAJ) reported Monday that its first-quarter attributable net profit was 44.45 billion Japanese yen or $400.49 million, 103 percent higher than last year’s 21.91 billion yen.

Earnings per share were 42.50 yen or $0.38, compared to 20.68 yen last year.

Operating profit was 70.56 billion yen or $635.71 million, up 114.6 percent from 32.88 billion yen a year ago.

First-quarter net sales grew 7.7 percent to 842.65 billion yen or $7.59 billion from prior year’s $782.31 billion yen.

Looking ahead for the fiscal year 2021, Canon now projects attributable net income of 140 billion yen or 133.85 yen per share, an year-on-year increase of 68%. Operating profit is now expected to be 198 billion yen, up 79.1 percent, and consolidated net sales of 3.50 trillion yen, up 10.8 percent.

The company previously expected attributable net income of 115.0 billion yen, operating profit of 158 billion yen and net sales of 3.40 trillion yen.

Further, Canon said it plans to distribute a yearly dividend of 90.00 yen per share, consisting of 45.00 yen for both the interim and year-end dividend.

In Japan, Canon shares were trading at 2,652 yen, up 2.53 percent.

Treasury yields rise slightly ahead of busy data week

• The Fed will meet on Tuesday and Wednesday, with investors watching for any indications on the future direction of the central bank's policy.
• The personal consumption expenditures index, one measure of inflation, is then expected to come out Thursday.

U.S. Treasury yields rose slightly on Monday morning, ahead of the Federal Reserve's policy meeting and inflation data, due out later in the week.

The yield on the benchmark 10-year Treasury note rose to 1.579% at 4 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.254%. Yields move inversely to prices.

Treasurys

The Fed will meet on Tuesday and Wednesday, with investors watching for any indications on the future direction of the central bank's policy. Fed Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.

The March personal consumption expenditures index, one measure of inflation, is then expected to come out Friday.

On Monday, the number of durable goods ordered in March is set to come out at 8:30 a.m. ET.

Auctions will be held Monday for $57 billion of 13-week bills, $54 billion of 26-week bills, $60 billion of 2-year notes and $61 billion of 5-year notes.

Volvo To Buy 60% Stake In Swiss Electromobility Company Designwerk Technologies

Sweden’s Volvo Group (VOLVY.PK) Monday said it signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, a Swiss engineering company.

Completion of the deal is expected to occur in the coming weeks. The transaction has no significant impact on the Volvo’s earnings or financial position.

Following the deal closure, Designwerk will continue to operate as a standalone company.

Designwerk develops and sells electromobility products and engineering services within electromobility eco-systems. The company offers customized electric trucks under the brand Futuricum, mobile rapid chargers and high voltage battery systems.

Volvo expects the investment in Designwerk would complement its current capabilities when it comes to niche products and solutions.

Lars Stenqvist, Volvo Group Chief Technology Officer, said, “Designwerk Technologies have strong competencies within electromobility, focused on developing, prototyping and producing low volume niche products in the entire industrial electromobility spectrum, which makes it a great complement to the Volvo Group’s capabilities. This investment will support the Volvo Group transition towards climate neutral transport solutions across segments.”