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BAE workers in northern England plan strike over pay, union says
Reuters· 2026-02-02 14:10
Group 1 - Workers at BAE Systems in northwest England are planning strikes from February 2 until at least February 20 due to disputes over pay and working conditions [1] - The union representing the workers is involved in the negotiations regarding these disputes [1] Group 2 - The strikes may impact the operations and production capabilities of BAE Systems during the specified period [1] - The situation highlights ongoing labor issues within the defense industry, particularly concerning employee compensation and conditions [1]
UK industry body says Sanofi in breach over RSV therapy claims against Pfizer
Reuters· 2026-02-02 13:42
Core Viewpoint - Sanofi has violated the UK pharmaceutical code of practice by making unsubstantiated claims regarding the effectiveness of its Beyfortus compared to Pfizer's RSV vaccine [1] Group 1: Company Actions - Sanofi's claims about Beyfortus being more effective than Pfizer's RSV vaccine have been deemed unsubstantiated by the industry's self-regulatory body [1] - The breach of the UK pharma code of practice indicates potential regulatory scrutiny and reputational risks for Sanofi [1] Group 2: Industry Implications - The incident highlights the importance of adhering to industry standards and regulations in pharmaceutical marketing [1] - This breach may lead to increased scrutiny of marketing practices across the pharmaceutical industry, particularly regarding comparative effectiveness claims [1]
Venezuela's oil exports bounce to 800,000 bpd in January under US control -shipping data
Reuters· 2026-02-02 13:33
Venezuela's oil exports bounced to some 800,000 barrels per day (bpd) in January under control of the U.S., from 498,000 bpd in December, following the U.S. capture of President Nicolas Maduro and the... ...
Banco BPM to double board seats chosen by minority investors, documents show
Reuters· 2026-02-02 13:13
Core Viewpoint - Banco BPM is enhancing the representation of minority shareholders, specifically allowing France's Credit Agricole to have a greater presence on the bank's board by increasing the maximum number of seats from three to six [1] Group 1 - Banco BPM is set to double the maximum number of board seats available to minority shareholders [1] - This change aims to strengthen the influence of minority shareholders in the governance of Banco BPM [1]
IDEXX forecasts 2026 revenue, profit above estimates on strong demand for pet diagnostics
Reuters· 2026-02-02 13:12
Animal diagnostics maker IDEXX Laboratories on Monday forecast 2026 revenue and profit above Wall Street estimates, betting that resilient demand at veterinary clinics and higher testing per visit wil... ...
Kuwait oil minister tells Reuters: We expect to issue tenders for Durra field with Saudi Arabia in 2026
Reuters· 2026-02-02 13:08
Kuwait's oil minister Tariq Al-Roumi told Reuters on Monday that he expects tenders for the Durra oil and gas field project, in cooperation with Saudi Arabia, to be launched this year. ...
Equinor divests parts of its Argentina assets in $1.1 billion deal
Reuters· 2026-02-02 12:19
Core Viewpoint - Norway's Equinor has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for a total of $1.1 billion, with half of the payment made in cash and the other half in Vista shares [1] Group 1 - The sale price of $1.1 billion reflects Equinor's strategic decision to divest from its onshore operations in Argentina [1] - The transaction structure includes a combination of cash and equity, indicating Vista Energy's confidence in its future growth potential [1] - Vaca Muerta basin is known for its significant shale oil and gas reserves, making it a key area for investment in the energy sector [1]
US FDA declines to approve Aquestive's oral drug for allergic reactions
Reuters· 2026-02-02 12:10
Core Viewpoint - The U.S. Food and Drug Administration has declined to approve Aquestive Therapeutics' oral drug for severe allergic reactions, indicating a setback for the company in its product development efforts [1] Company Summary - Aquestive Therapeutics has faced a significant regulatory hurdle as the FDA did not approve its oral drug intended for treating severe allergic reactions, which may impact the company's future revenue and market position [1]
US shale producers Devon and Coterra to merge in a $58 billion deal
Reuters· 2026-02-02 12:09
Core Viewpoint - U.S. shale producers Devon Energy and Coterra Energy are merging in a $58 billion all-stock deal to form one of the largest independent shale producers in the United States [1] Company Summary - The merger will combine the strengths of both companies, enhancing their operational capabilities and market presence in the shale industry [1] - The all-stock nature of the deal indicates a strategic move to consolidate resources and improve financial stability [1] Industry Summary - This merger reflects a trend in the shale industry towards consolidation as companies seek to optimize production and reduce costs amid fluctuating oil prices [1] - The creation of a larger independent shale producer may impact competition and market dynamics within the U.S. energy sector [1]
NHTSA expands probe into about 1.3 million Ford F-150 pickups over transmission issues
Reuters· 2026-02-02 12:02
The National Highway Traffic Safety Administration said on Monday it had expanded a safety-related investigation into 1.27 million Ford F-150 pickup trucks following reports of unexpected downshifts w... ...