According to persons familiar with the situation, BP Plc is considering selling a 49% share in its U.S. oil and gas pipeline network in the Gulf of Mexico in an effort to earn up to $1 billion. The proposed divestiture would aid BP in achieving its goals to cut debt and preserve its dividend. BP’s…
According to several people with knowledge of the changes, Blue Origin, the aerospace company founded by billionaire Jeff Bezos, expects to dissolve a corporate partnership established years ago to construct a commercial space station, reassigning staff and changing leadership as it adjusts to more pressing priorities. According to three sources with knowledge of the situation,…
According to two sources with knowledge of the situation, Boeing intends to increase production of its most popular 737 narrowbody plane to a record of at least 57 per month by July 2025, indicating increased orders and the company’s recovery following the 737 MAX catastrophe. The objective would satisfy the aircraft manufacturer’s unfulfilled objective from…
The chairman of the indebted real estate developer China Evergrande Group, Hui Ka Yan, is under investigation on suspicion of moving assets overseas, according to a Monday Wall Street Journal story. Evergrande has been trying to obtain the consent of its creditors to restructure its offshore debt, but last week the situation became more difficult…
The public’s worries about the economy increased in August as a result of months of generally depressing data, particularly high rates of youth unemployment, and lottery ticket sales in China surged to their highest level for any month this year. According to data from the finance ministry, the official Xinhua news agency reported on Saturday…
According to a late-stage trial, Johnson & Johnson’s cancer treatment combination extended patients’ survival times with a certain non-small-cell lung cancer compared to AstraZeneca’s Tagrisso. On Thursday, J&J stated that it anticipates the combination will be used as a first-line therapy for patients with non-small-cell lung cancer (NSCLC) who have a specific mutation in the…
According to a senior business executive, Danish pharmaceutical giant Novo Nordisk plans to introduce its popular weight-loss medicine Wegovy to India in 2026 after receiving regulatory licences and guaranteeing there is a sufficient supply to fulfil demand. In the most populated nation on earth, where obesity rates are high, particularly among women, there is a…
As increased prices for its shoes and clothing helped to overcome a knock from declining demand and ongoing cost constraints, Nike surpassed Wall Street expectations for first-quarter profit on Thursday. This caused its shares to increase by around 8% in extended trade. On the strength of fewer planned markdowns and cheaper freight costs, the largest…
On Wednesday, Mark Zuckerberg, CEO of Meta Platforms, unveiled new artificial intelligence (AI) products for consumers, including smart glasses that provide answers to inquiries and bots that produce photorealistic photos. Zuckerberg emphasised that part of what Meta offered was low cost or free AI that could integrate into daily routine and defined the goods as…
Even though Micron Technology is getting ready to scale up manufacturing of new product lines and stated that it was aiming to become a supplier to Nvidia, the company estimated a larger than anticipated first-quarter loss, and its shares fell 2.4%. The fast expanding artificial intelligence industry helped the Idaho-based chipmaker’s first-quarter sales prediction surpass…
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