Netflix plunges with more than $50bn wiped from its market cap. Legendary investor Bill Ackman also takes a $400m hit to his Pershing Square fund as a result. EV maker Tesla reports record Q1 profits, this despite the shutdown of its Shanghai giga-factory during the mega-city’s ongoing Covid lockdown. CEO Elon Musk has told CNBC he hopes to avoid further price hikes. French presidential candidates Emmanuel Macron and Marine Le Pen lock horns during the only televised debate before Sunday’s poll. The cost of living and the Ukraine-Russia conflict were front and centre in the two-and-a-half hour contest. Russia has announced the launch of a new ‘Sarmat’ ICBM capable of hitting multiple targets anywhere in the world.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.