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Stocks to watch as Trump's new tariffs spell more uncertainty
Reuters· 2026-02-23 17:21
Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...
AbbVie to invest $380 million to expand US manufacturing in Illinois
Reuters· 2026-02-23 17:03
AbbVie on Monday said it would invest $380 million to build two new active pharmaceutical ingredient manufacturing facilities at its Illinois campus, expanding its domestic production capacity for its... ...
Engie eyes bitcoin mine and storage system at huge new Brazil solar plant
Reuters· 2026-02-23 16:55
Engie eyes bitcoin mine and storage system at huge new Brazil solar plant | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Engie logo is displayed during the 107th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF) at the Paris Expo Porte de Versailles convention center in... [Purchase Licensing Rights, opens new tab] Read more- Companies[Engie North America Inc.]Follow[Engie SA]FollowRIO DE ...
PayPal attracts takeover interest after stock slide, Bloomberg News reports
Reuters· 2026-02-23 16:37
PayPal attracts takeover interest after stock slide, Bloomberg News reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]Feb 23 (Reuters) - PayPal [(PYPL.O), opens new tab] is attracting takeover interest from potential buyers after a stock slide wiped out ...
Big Tech to invest about $650 billion in AI in 2026, Bridgewater says
Reuters· 2026-02-23 16:20
Big Tech to invest about $650 billion in AI in 2026, Bridgewater says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song [Purchase Licensing Rights, opens new tab]Feb 23 (Reuters) - U.S. technology giants Alphabet [(GOOGL.O), opens new tab], Amazon [(AMZN.O), opens new tab], Meta [(META. ...
US factory orders fall in December on commercial aircraft bookings
Reuters· 2026-02-23 15:49
WASHINGTON, Feb 23 (Reuters) - New orders for U.S. factory goods fell in December amid a sharp decline in commercial aircraft bookings, but demand elsewhere was strong, partly driven by robust investment in artificial intelligence.Factory orders dropped 0.7% after an unrevised 2.7% increase in November, the Commerce Department's Census Bureau said on Monday. Sign up here.Economists polled by Reuters had forecast factory orders would slip 0.6%. Orders advanced 3.7% on a year-on-year basis in December. The r ...
Bayer files lawsuit against Johnson & Johnson, Janssen Biotech
Reuters· 2026-02-23 15:43
Skip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivBayer files lawsuit against Johnson & Johnson, Janssen BiotechFebruary 23, 20263:43 PM UTCUpdated agoBy ReutersThe 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs is seen outside the industrial park "Chempark" of the chemical... Purchase Licensing Rights, opens new tab Read moreCompaniesBayer AGJanssen Biotech IncJohnson ...
Exclusive: Volvo Cars to recall 40,000 electric SUVs over battery fire risk
Reuters· 2026-02-23 15:34
Core Viewpoint - Volvo Cars is recalling over 40,000 EX30 electric SUVs due to a risk of battery overheating, which may impact its safety reputation and incur significant costs [1][1][1] Group 1: Recall Details - The recall affects 40,323 EX30 Single-Motor Extended Range and Twin-Motor Performance vehicles [1][1] - Volvo will replace the high-voltage battery packs at no cost to the owners and has advised them to limit charging to 70% to mitigate fire risks [1][1][1] Group 2: Financial Implications - The cost of replacing the battery packs alone could reach approximately $195 million, excluding logistics and repair expenses [1][1] - The automaker is currently in discussions with the battery supplier regarding the financial aspects of the recall [1][1] Group 3: Industry Context - Battery safety is a critical concern for electric vehicle manufacturers, as evidenced by past recalls in the industry, such as General Motors recalling 140,000 Chevy Bolts due to similar issues [1][1] - Volvo's reputation for safety is central to its brand identity, making the resolution of this issue particularly important [1][1][1]
Canada's Parex Resources offers $500 mln for Frontera Energy's Colombia assets
Reuters· 2026-02-23 15:32
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Frontera's Colombian portfolio comprises 17 exploration and production blocks, including the Quifa and Cubiro fields. The company reported average annual production of 38,934 barrels of oil equivalent per day at the end of the third quarter last year. Reporting by Nelson Bocanegra and Marianna Parraga; Editing by Hugh Lawson Our Standards: The Thomson Reuters Trust Principles., opens new tab C ...
US Supreme Court to hear Exxon and Suncor bid to toss Boulder's climate suit
Reuters· 2026-02-23 14:42
The Boulder litigation is one of dozens of climate-related lawsuits filed by U.S. jurisdictions against companies that extract, produce, distribute or sell fossil fuels. The burning of fossil fuels releases greenhouse gases such as carbon dioxide into the atmosphere, causing more of the sun's heat to be trapped, which leads to a rise in the average global temperature over time. The Boulder government officials in their 2018 lawsuit accused the U.S.-based Exxon and Canada-based Suncor of misleading the publi ...