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BP slips, Merck beats in Q1, Blue Apron’s sales fall

Here are the companies Yahoo Finance is watching today.

A tough quarter at BP (BP). The oil giant reported profit roughly in-line with expectations despite rising oil prices. The company says adverse weather helped contribute to a slower start to the year. However, it benefited from stronger results in oil and gas trading.

A big quarter at pharma giant Merck (MRK). It posted beats on earnings and sales, driven in part thanks to strong results from its cancer drug Keytruda. Merck's CEO says the report shows its investments in research and development are paying off, especially in oncology and vaccines.

A better-than-expected quarter at Blue Apron (APRN). The meal kit company posted a narrower loss than many expected, but revenue slid 28% year-over-year. Blue Apron has been struggling to re-claim market share and recently brought in a new CEO to try to reignite growth.

Europe's biggest phone company now says it's found vulnerabilities in Huawei equipment. Bloomberg says Vodafone (VOD) found hidden back doors that could have could have given Huawei access to the carrier's network in Italy. The issues have been resolved, and Vodafone continues to resist calls to ban Huawei equipment from Europe.

The future of retail is now on display at a Walmart (WMT) here in New York. The Neighborhood Market, in Levittown, uses artificial intelligence to keep track of perishable items like produce and meat. It has more than 1,500 cameras in the 50,000 square foot store. It's a test run before Walmart takes the technology to other stores.

Yahoo Finance Morning Brief