11:59 AM EDT, 05/29/2026 (MT Newswires) -- The European stock markets closed mixed in Friday trading as President Donald Trump said on Truth Social that he will make a final determination on the memorandum of understanding between the US and Iran.

The Stoxx Europe rose 0.2%, Germany's DAX gained 0.1%, the FTSE 100 slid 0.1%, France's CAC retreated 0.1%, and the Swiss Market Index closed 0.3% higher.

In corporate news, former BP chair Albert Manifold met with activist investor Elliott Management without directly notifying other board members, Reuters reported Thursday, citing sources familiar with the matter.

BP removed Manifold less than eight months into the role over governance and conduct concerns, with some board members viewing his meetings with Elliott as unilateral actions, according to the report. Manifold had notified BP's investor relations team about the meetings, which were expected to be included in regular board updates, Reuters added.

BP did not immediately reply to MT Newswires' request for comment.

Shares of BP were little changed in London.

UBS cut several hundred jobs across its Europe, Middle East and Africa operations in its latest round of reductions linked to the 2023 Credit Suisse takeover, Bloomberg reported Friday, citing people familiar with the matter.

UBS told MT Newswires that it aims to keep job cuts from the Credit Suisse integration as low as possible, with reductions phased over several years and largely achieved through natural attrition, early retirement, internal mobility, and bringing outsourced roles in-house. It is also focusing on internalizing third-party roles to reduce the overall impact.

Shares of the Swiss bank advanced 1% in Zurich.

Stellantis' Chrysler is recalling 419,035 vehicles in the US because a software error could delay side air bag deployment during a crash, the National Highway Traffic Safety Administration said Friday.

The regulator said the recall covers certain 2022-2026 Jeep Grand Cherokee and 2023-2025 Jeep Grand Cherokee L models.

Shares of the automaker dropped 1.5% in Paris.

BHP could face a possible labor action by 200 workers at Port Hedland in Western Australia, potentially disrupting iron ore exports worldwide, the Electrical Trades Union said.

In a statement to MT Newswires, the union said it "will vote on work stoppages following six months of failed talks" with BHP. BHP said in a statement to MT Newswires that it continues "constructive engagement to reach an outcome that maintains industry-leading pay and conditions while supporting safe, productive and sustainable operations."

Shares of the mining company rose 1% in London.

AstraZeneca said late Thursday its Imfinzi, in combination with Bacillus Calmette-Guerin, was approved by the US Food and Drug Administration for the treatment of non-muscle-invasive bladder cancer.

The approval was based on a phase 3 study that showed a 32% reduction in the risk of high-risk disease recurrence, progression or death after one year of treatment.

Additionally, AstraZeneca's Alexion Rare Disease unit said Friday that a phase 3 clinical program evaluating anselamimab in light chain amyloidosis did not meet its primary endpoint in the overall patient population.

Shares of the British pharmaceutical company were slightly up in London.

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