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Today: March 29, 2025
Today: March 29, 2025
Sabrina Valle

Sabrina Valle

Staff Writer

Latest From Sabrina Valle

Business|Economy|Finance|Health|Political

Trump turbulence stalls large pharma and biotech deals, bankers say

Large deals involving pharmaceutical and biotech companies are stalling as executives grapple with mercurial White House economic policies that have roiled markets

Trump turbulence stalls large pharma and biotech deals, bankers say
Business|Finance|Stock Markets|US

Walgreens to be taken private by Sycamore in $10 billion deal

Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms said on Thursday, closing out nearly a

Walgreens to be taken private by Sycamore in $10 billion deal
Business|Economy|Finance|Political|US

Trump policies cast chill on Wall Street dealmaking

A private equity firm in early talks to buy a small U.S. snack food maker and merge it with a Canadian rival was

Trump policies cast chill on Wall Street dealmaking
Americas|Asia|Business|Economy|Political

BlackRock to buy Hong Kong firm's Panama Canal port stake amid Trump pressure

An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong-based company that runs ports along either side of

BlackRock to buy Hong Kong firm's Panama Canal port stake amid Trump pressure
Business|Economy|Finance|Stock Markets

Herc's surprise bid for H&E makes rival United Rentals walk away

U.S. machinery rental firm Herc Holdings is poised to acquire smaller rival H&E Equipment Services for $3.83 billion excluding debt, after outbidding

Herc's surprise bid for H&E makes rival United Rentals walk away
Business|Europe|Finance|Health|Science|Stock Markets|Technology|US

Germany's Merck in advanced talks to acquire US biotech firm SpringWorks

Merck

Germany's Merck in advanced talks to acquire US biotech firm SpringWorks
Business|Finance|Stock Markets|US

Beacon seeks to fend off QXO's hostile takeover with poison pill

Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO.

Beacon seeks to fend off QXO's hostile takeover with poison pill
Business|Finance|Stock Markets|US

Emerson to buy remaining stake in AspenTech for $7.2 billion

U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not

Emerson to buy remaining stake in AspenTech for $7.2 billion
Business|Crime|Health|Technology|US

Industry conferences kick off 2025 with more security following murder of US executive

U.S. industry conferences, including a major San Francisco healthcare meeting, have stepped up security for

Industry conferences kick off 2025 with more security following murder of US executive
Business|Technology|US

Exxon to start lithium production for EVs in the US by 2027

Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries

Exxon to start lithium production for EVs in the US by 2027
Business|Finance|Stock Markets|US

Exxon 3Q profits to climb from last quarter on higher prices

Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion,

Exxon 3Q profits to climb from last quarter on higher prices
Business|Economy|Finance|Stock Markets|US

Pioneer shares jump on Exxon mega-merger talks

Shares of Pioneer Natural Resources climbed nearly 8% on Friday on news that Exxon Mobil, the largest U.S. oil and gas company, was in advanced talks to

Pioneer shares jump on Exxon mega-merger talks
Business|Economy|Finance|Stock Markets|US

Exxon investors ready to embrace buying existing oil over new drilling

Exxon Mobil's investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling

Exxon investors ready to embrace buying existing oil over new drilling
Business|Finance|US

How stars aligned for Exxon's $60 billion deal with Pioneer

Exxon Mobil Corp's resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheffield were

How stars aligned for Exxon's $60 billion deal with Pioneer
Business|Finance|News|Stock Markets|US

Chevron's third-quarter profit slumps, shares fall 6%

Chevron on Friday posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its shares down 6%.

Chevron's third-quarter profit slumps, shares fall 6%
Business|Finance|US

Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q

Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil

Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q
Business|US

Exxon names new shale oil chief to replace executive facing assault charge

The former head of Exxon Mobil's shale oil and gas business will return as senior vice president over the operation following his successor's arrest earlier this

Exxon names new shale oil chief to replace executive facing assault charge
Business|Economy|Finance|US

Occidental Petroleum beats Q3 estimates on higher production

Occidental Petroleum on Tuesday beat analysts' third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to

Occidental Petroleum beats Q3 estimates on higher production
Business|Finance|US

Chevron reviewing options for East Texas assets after shale acquisitions

Chevron Corp said it is evaluating options for around 70,000 net acres of land in East Texas' Haynesville shale formation after pausing

Chevron reviewing options for East Texas assets after shale acquisitions
Business|Environment|World

Exxon CEO Darren Woods likely to attend COP28 – sources

Exxon Mobil Corp Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people close to the

Exxon CEO Darren Woods likely to attend COP28 – sources
Business|Finance

Exxon Mobil forecasts increases in project spending, oil output

Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing

Exxon Mobil forecasts increases in project spending, oil output
Business|Economy|Finance|US

Occidental's deal for CrownRock is no Anadarko redux, say ratings firms

Occidental Petroleum's plan to pay off debt from its acquisition of CrownRock should result in a reduced financial burden within a year of closing, credit rating

Occidental's deal for CrownRock is no Anadarko redux, say ratings firms
Business|Economy|Finance|Stock Markets|US

Wall Street analysts trim Chevron views as setbacks mount

Wall Street analysts are trimming their earnings estimates for Chevron Corp and employees are preparing for potential job cuts as a series of operational setbacks

Wall Street analysts trim Chevron views as setbacks mount
Business|Economy|Finance|US

Exxon's faces hurdles in $2.5 billion exit from California offshore

Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit

Exxon's faces hurdles in $2.5 billion exit from California offshore
Business|Economy|Environment|US

Exxon files lawsuit against investors' climate proposal

Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company's

Exxon files lawsuit against investors' climate proposal

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