Reuters
Search documents
Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says
Reuters· 2026-02-20 14:37
Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer [Purchase Licensing Rights, opens new tab]- Companies[Janaf dd]Follow[MOL Group]Follow[MOL Magyar Olaj es Gazipari Nyrt]FollowFeb 20 (Reuters) - Croatian pipeline operator JANAF [(JANF.ZA), opens n ...
US judge upholds $243 million verdict against Tesla over fatal Autopilot crash
Reuters· 2026-02-20 14:36
US judge upholds $243 million verdict against Tesla over fatal Autopilot crash | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Tesla logo is seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Tesla Inc]FollowFeb 20 (Reuters) - A federal judge rejected Tesla's [(TSLA.O), opens new tab] request to pay $243 million to victims of a 2019 fatal c ...
Toymaker Funko pushed by investor Pleasant Lake to explore strategic options
Reuters· 2026-02-20 13:48
Core Viewpoint - Pleasant Lake Partners has acquired a roughly 10% stake in Funko and is urging the company to explore strategic alternatives, including a potential sale, to enhance shareholder value [1] Company Overview - Funko is a toymaker known for its pop culture collectibles, including vinyl figurines and bobbleheads [1] - The company has faced challenges with declining toy demand and has reported a revenue decline for the past two years [1] Investor Actions - Pleasant Lake Partners plans to engage with Funko's board and management to discuss ways to boost shareholder value [1] - The investment firm disclosed ownership of approximately 5.5 million shares of Funko [1] - Pleasant Lake is prepared to participate in the sale process and highlighted its experience with take-private transactions [1] Market Performance - Funko's shares dropped nearly 75% last year but saw a 4% increase in premarket trading following the news [1] - As of Thursday's close, Funko had a market capitalization of about $245 million [1]
London Stock Exchange launches first transaction under new private share platform
Reuters· 2026-02-20 13:44
London Stock Exchange launches first transaction under new private share platform | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A screen displays financial market information at the London Stock Exchange in London, Britain January 19, 2026. REUTERS/Jack Taylor/File Photo [Purchase Licensing Rights, opens new tab]Feb 20 (Reuters) - London Stock Exchange [(LSEG.L), opens new tab] on Friday launched its first transaction under the U ...
Grail shares plunge after major cancer screening trial misses main goal
Reuters· 2026-02-20 13:35
Core Viewpoint - Grail's shares dropped nearly 50% after its three-year cancer screening trial failed to meet its primary goal, significantly impacting the company [1] Company Summary - Grail's three-year cancer screening trial aimed to demonstrate a reduction in late-stage cancer diagnoses and improve early detection within the National Health Service (NHS) [1] - The trial involved over 142,000 participants aged 50 to 77 years, but the main goal of achieving a statistically significant reduction was not met, although a favorable trend was noted over time [1] - Grail had previously filed for U.S. regulatory approval of its Galleri test based on data from a smaller U.S. trial and the first-year data from the larger trial [1] Industry Summary - The Galleri multi-cancer early detection test is recommended for adults aged 50 and older with an elevated risk for cancer [1] - The approval of Galleri by the FDA does not appear to be at material risk, but the consideration of NHS data by the Centers for Medicare and Medicaid Services (CMS) for coverage policy remains uncertain [1] - Recent legislation allows for insurance coverage of multi-cancer early detection tests under Medicare plans for older adults starting in 2028, depending on age [1]
Novo Nordisk nominates Jan van de Winkel and Ramona Sequeira to board
Reuters· 2026-02-20 12:14
Group 1 - Novo Nordisk has nominated Jan van de Winkel and Ramona Sequeira to its board of directors, marking the first additions since a significant management shake-up in 2025 [1] - The company replaced its CEO and overhauled the board, appointing Lars Rebien Sorensen as board chairman, who also chairs the Novo Nordisk Foundation, consolidating power in a dual role [1] - Jan van de Winkel is the co-founder and CEO of Genmab, while Ramona Sequeira previously served as President of the Global Portfolio Division at Takeda Pharmaceutical Company Limited from 2022 to 2025 [1]
Airbus capable of developing a fighter alone, CEO says amid FCAS row
Reuters· 2026-02-20 12:12
Airbus capable of developing a fighter alone, CEO says amid FCAS row | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. REUTERS/Abdul Saboor/File Photo[1/2]Guillaume Faury, CEO of Airbus, poses during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025 ...
Morning Bid: Oil engulfed
Reuters· 2026-02-20 11:39
It's been a slightly strange holiday-shortened week for markets - with U.S. and Canadian exchanges shut for President's Day on Monday, and China and South Korea markets closed for most of the week as Lunar New Year festivities got underway. And yet the newsflow didn't let up much. Probably the biggest macro move this week was the surge in crude oil prices. Oil had calmed as U.S.-Iran talks and parallel negotiations on the Ukraine war got underway in Geneva on Tuesday. But with no concrete outcome from eithe ...
Co-founder of ASOS, Quentin Griffiths, dies in Thailand after balcony fall
Reuters· 2026-02-20 09:54
Core Viewpoint - Quentin Griffiths, co-founder of ASOS, has died after a fall from a balcony in Thailand, with initial investigations suggesting suicide and no signs of foul play [1][1][1] Company Summary - Griffiths co-founded ASOS in 2000 and remained a significant shareholder after leaving the company [1][1][1] - His death has raised concerns regarding potential legal issues, as documents related to lawsuits from his former wife were found in his apartment [1][1][1]
US negotiating with India on Venezuelan oil sale, US envoy says
Reuters· 2026-02-20 08:55
US negotiating with India on Venezuelan oil sale, US envoy says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Interim trade deal effective April, India trade minister says- US made oil supply diversification central to India trade talk ...