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Struggling Coty names P&G veteran as interim CEO as Nabi leaves
Reuters· 2025-12-22 07:23
Coty on Monday named Procter & Gamble veteran Markus Strobel as chairman and interim CEO, handing him the reins as the CoverGirl owner battles pressure on its mass-market business and a steep share-pr... ...
Hyundai's Boston Dynamics to debut new Atlas humanoid robots at CES
Reuters· 2025-12-22 07:22
Core Insights - Hyundai Motor Group plans to outline strategies for accelerating the commercialization of AI robotics at the upcoming Consumer Electronics Show [1] Company Strategy - The unit Boston Dynamics will debut its AI robotics innovations at the event [1]
AstraZeneca's ceralasertib-Imfinzi combo misses survival target in lung cancer trial
Reuters· 2025-12-22 07:22
Core Viewpoint - AstraZeneca announced that a late-stage trial of Imfinzi combined with ceralasertib did not show an improvement in overall survival for patients with previously treated advanced non-small cell lung cancer [1] Group 1 - The trial aimed to evaluate the efficacy of Imfinzi in combination with ceralasertib [1] - The patient population consisted of those with advanced non-small cell lung cancer who had previously undergone treatment [1] - The failure of the trial may impact AstraZeneca's strategy in the oncology sector [1]
UK's Harbour Energy to enter Gulf of Mexico with $3.2 billion LLOG deal
Reuters· 2025-12-22 07:16
Core Viewpoint - Harbour Energy is acquiring LLOG Exploration for $3.2 billion, which signifies its strategic entry into the U.S. Gulf of Mexico market [1] Company Summary - Harbour Energy is focused on the North Sea and is expanding its operations by purchasing a deepwater oil and gas exploration and production company [1] - LLOG Exploration specializes in deepwater oil and gas exploration and production, making it a significant addition to Harbour Energy's portfolio [1] Industry Summary - The acquisition highlights the ongoing consolidation in the oil and gas sector, particularly in deepwater exploration and production [1] - The move into the U.S. Gulf of Mexico indicates a strategic shift and potential growth opportunities for companies in the energy sector [1]
China's vice commerce minister met Apple COO on Friday
Reuters· 2025-12-22 06:48
Group 1 - The meeting between China's Vice Commerce Minister Li Chenggang and Apple's COO Sabih Khan focused on Apple's business operations in China [1] - The discussion reflects ongoing engagement between the Chinese government and foreign companies, particularly in the technology sector [1] - The meeting is part of broader efforts to strengthen economic ties and address operational challenges faced by foreign firms in China [1]
German auto exports hit hard by Trump tariffs, study shows
Reuters· 2025-12-22 06:39
Core Insights - German car exports to the United States decreased by nearly 14% in the first three quarters of 2025, indicating significant impact from U.S. President Donald Trump's trade war [1] Industry Impact - The automotive sector is identified as the hardest-hit branch of German industry due to the ongoing trade tensions [1]
Swiss court admits Indonesia islanders climate case against Holcim
Reuters· 2025-12-22 05:04
Group 1 - A Swiss court has accepted a legal complaint against Holcim, a global cement manufacturer, regarding its insufficient efforts to reduce carbon emissions linked to global warming [1] - The complaint alleges that Holcim is not doing enough to address its carbon footprint, which is a significant concern in the cement industry due to its high emissions [1] - This legal action reflects a growing trend of accountability for companies in the construction materials sector regarding their environmental impact [1]
Samsung Biologics to buy U.S. drug production facility from GSK for $280 mln
Reuters· 2025-12-21 22:56
Core Viewpoint - Samsung Biologics is acquiring a U.S. drug production facility from GSK for $280 million, indicating a strategic move to enhance its production capabilities in the U.S. market [1] Company Summary - The acquisition involves a facility located in the United States, which is expected to bolster Samsung Biologics' operational footprint in the pharmaceutical manufacturing sector [1] - The transaction value is set at $280 million, reflecting Samsung Biologics' commitment to expanding its production capacity and capabilities [1] Industry Summary - This acquisition highlights the ongoing trend of consolidation within the biopharmaceutical industry, as companies seek to enhance their manufacturing capabilities and market presence [1] - The move may also indicate a growing demand for biopharmaceutical production in the U.S., aligning with industry trends towards localized manufacturing [1]
Italy's Saipem wins offshore contract in Qatar for about $4 billion
Reuters· 2025-12-21 17:02
Core Viewpoint - Saipem has been awarded an offshore engineering, procurement, construction, and installation (EPCI) contract by QatarEnergy LNG in collaboration with China's Offshore Oil Engineering Company [1] Group 1: Company Overview - Saipem is a prominent player in the offshore engineering sector, focusing on providing comprehensive services including engineering, procurement, construction, and installation [1] - The partnership with QatarEnergy LNG and China's Offshore Oil Engineering Company highlights Saipem's strategic collaborations in the energy sector [1] Group 2: Industry Context - The award of the EPCI contract signifies ongoing investments and developments in the LNG sector, particularly in offshore projects [1] - Collaborations between international companies and local firms, such as the partnership with QatarEnergy and China's Offshore Oil Engineering, reflect a trend towards joint ventures in the energy industry [1]
Permira, Warburg near $8.2 bln deal for Clearwater Analytics, sources say
Reuters· 2025-12-21 15:39
Core Insights - A consortium of private equity firms, led by Permira and Warburg Pincus, has reached an agreement to acquire Clearwater Analytics Holdings for approximately $8.2 billion, which includes debt [1] Company Summary - Clearwater Analytics Holdings specializes in investment and accounting software [1] Industry Context - The acquisition reflects ongoing interest and investment in financial technology companies, particularly those providing software solutions for investment and accounting [1]