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]

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 ...

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 ...

Exclusive: ASML unveils EUV light source advance that could yield 50% more chips by 2030 | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows the logo of Dutch computer chip equipment supplier ASML, in Veldhoven, Netherlands, January 29 2025. REUTERS/Piroschka van de Wouw [Purchase Licensing Rights, opens new tab]- Companies- Summary- United States, China aim to rival ASML amid export control talks- Power boost to 1,000W cu ...

Core Viewpoint - Dominion Energy forecasts annual profit below Wall Street expectations while increasing its five-year capital spending plan by nearly 30% to meet rising electricity demand [1] Group 1: Financial Forecasts - Dominion Energy expects fiscal 2026 operating earnings of $3.45 to $3.69 per share, with the midpoint below analysts' average estimate of $3.60 [1] - The company's fourth-quarter operating expenses rose nearly 11% to $3.33 billion compared to the previous year, impacting overall financial performance [1] - Dominion's adjusted profit for the quarter ended December 31 was 68 cents per share, slightly exceeding estimates of 67 cents [1] Group 2: Capital Expenditure Plans - Dominion plans to spend $64.7 billion on capital investments from 2026 through 2030, an increase from its prior budget of $50.1 billion through 2029 [1] - The utility has contracted nearly 48.5 gigawatts of data center capacity as of December, reflecting a 1.4 GW increase since September [1] Group 3: Market Context - U.S. utilities, including Dominion, are increasing capital expenditure budgets due to extreme weather conditions and rising demand for new power capacity from data centers, particularly those focused on artificial intelligence and cryptocurrency [1] - Dominion serves the world's largest data center market, which exceeds the combined capacity of the next five largest markets in the U.S. [1]

Banco BPM clears governance overhaul, opening door for bigger Credit Agricole role | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Credit Agricole logo outside a bank office in Reze, near Nantes, February 3, 2026. REUTERS/Stephane Mahe [Purchase Licensing Rights, opens new tab]- Companies- Summary- CA's choice will shape fund shareholders' representation- CA could gain seats via current board's list, or file its own- Bank's share ...

Core Insights - Gossamer Bio's experimental drug for a serious lung and heart condition failed to meet the primary endpoint in a late-stage clinical trial [1] Company Summary - Gossamer Bio announced the failure of its experimental drug in a late-stage study, which is a significant setback for the company [1]

Dollar has lost some of its safe-haven status, ING report says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration [Purchase Licensing Rights, opens new tab]LONDON, Feb 23 (Reuters) - The dollar has lost some, but not all, of its safe-haven value since 2024, ING said in note on Monday, adding however, that it saw no broad deterioratio ...

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Logos of Gilead at the company's booth at the 8th China International Import Expo (CIIE) in Shanghai, China, November 6, 2025.REUTERS/Maxim Shemetov [Purchase Licensing Rights, opens new tab]- Companies[Arcellx Inc]Follow[Gilead Sciences Inc]FollowFeb 23 (Reuters) - Gilead Sciences will pay as much as $7.8 billi ...

Investment Plan Overview - Enel plans to invest approximately $63 billion in total, with a significant portion allocated to power grids in Spain through its subsidiary Endesa [1][2] - The investment in Spanish power grids is projected to be around 5.5 billion euros ($6.5 billion), representing about 21% of the total grid investment [2] Historical Context - This new investment marks a substantial increase from the previous allocation of roughly 4 billion euros by Endesa for power grid investments [3] - The decision comes in the wake of a massive blackout in Spain and Portugal on April 28, which has intensified discussions regarding the necessity and returns of investments in the power network [2] Regulatory Environment - Spain's competition watchdog has set the expected financial return for power grid activities at 6.58%, which is lower than the over 7% return that Spanish power utilities, including Endesa, have advocated for [3]