U.S. banking giant JPMorgan Chase has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday. ...

Group 1 - SpaceX is preparing for a potential initial public offering (IPO) and has engaged four Wall Street investment banks for leading roles in this process [1] - The information regarding SpaceX's IPO plans was reported by the Financial Times, citing sources familiar with the matter [1] - This move indicates SpaceX's strategic direction towards public market engagement, potentially opening up new avenues for capital [1]

Elon Musk said on Thursday he expects Tesla to receive European approval for its Full Self-Driving (FSD) advanced driver assistance system by next month. ...

Core Viewpoint - Moderna will not invest in new late-stage vaccine trials due to increasing opposition to immunizations from U.S. officials, as stated by CEO Stephane Bancel in an interview with Bloomberg TV [1] Company Summary - Moderna's decision reflects a strategic shift in response to the current political and public sentiment regarding vaccinations in the U.S. [1]

Core Viewpoint - A proposed reform of Venezuela's hydrocarbons law aims to allow both foreign and local companies to independently operate oilfields through a new contract model, enabling them to commercialize output and receive sales revenue [1] Group 1 - The reform is designed to attract investment by providing more operational autonomy to companies in the oil sector [1] - The new contract model is expected to enhance the efficiency and productivity of oilfield operations [1] - This change reflects a significant shift in Venezuela's approach to managing its oil resources, potentially leading to increased foreign participation [1]

European stocks expected to benefit from an end to Russia's war in Ukraine rallied on Thursday, and defence stocks dropped after Ukrainian president Volodymyr Zelenskiy said Ukrainian and Russian teams will have their first trilateral meeting with U.S. officials. ...

Core Viewpoint - Investment firm Kimmeridge intends to nominate Scott Sheffield, the former CEO of Pioneer Natural Resources, to the board of Coterra Energy, as reported by the Wall Street Journal [1] Group 1 - Kimmeridge is actively seeking to influence Coterra Energy's governance by proposing Sheffield's nomination [1] - The move reflects Kimmeridge's strategy to enhance shareholder value and improve operational performance at Coterra Energy [1] - Sheffield's extensive experience in the energy sector is expected to bring valuable insights to Coterra's board [1]

Core Insights - Top executives from five of the largest health insurers in the U.S. are testifying before lawmakers regarding the increasing costs of healthcare for Americans [1] Group 1: Industry Overview - The testimony is taking place in both the U.S. House of Representatives and Senate, indicating a high level of governmental scrutiny on the healthcare sector [1]

Core Insights - Adecco Group anticipates an increase in hiring in 2026, driven by rising defense spending and a shift in companies from a wait-and-see approach to actively hiring new employees [1] Company Summary - The CEO of Adecco Group highlights that the expected upturn in hiring will be influenced by external factors such as increased defense budgets [1] - The staffing company is positioning itself to benefit from the changing dynamics in the labor market as companies begin to take on new workers [1]

Core Viewpoint - Vitol is set to export Venezuelan fuel oil, marking a significant move to enhance shipments from Venezuela under a U.S.-backed oil supply agreement following the capture of President Nicolas Maduro [1] Group 1: Company Developments - Vitol is preparing to expand its operations by exporting fuel oil from Venezuela, indicating a strategic shift in its supply chain [1] - The company's actions are aligned with a broader U.S.-backed initiative to stabilize oil supplies from OPEC nations [1] Group 2: Industry Context - The export of Venezuelan fuel oil is part of a larger trend of increasing oil shipments from OPEC countries, reflecting changing geopolitical dynamics [1] - This development may influence global oil markets, particularly in relation to U.S. energy policies and OPEC's production strategies [1]