The U.S. Federal Trade Commission is scrutinizing big tech firms that hire employees of a startup instead of buying the companies outright, Bloomberg News reported on Friday, citing the agency's Chair... ...

Core Viewpoint - JERA Nex BP is acquiring EnBW's stake in the Mona offshore wind project and has signed a lease agreement for the British facility [1] Group 1 - JERA Nex BP will buy its partner EnBW's stake in the Mona offshore wind project [1] - A lease agreement has been signed for the British facility [1]

Core Viewpoint - The U.S. Supreme Court has agreed to hear Bayer's request to significantly limit lawsuits alleging that its Roundup weedkiller causes cancer, which could potentially save the company billions of dollars in damages [1] Group 1 - Bayer is seeking to limit the legal claims against its Roundup product, which has faced numerous lawsuits related to cancer allegations [1] - The Supreme Court's decision to hear the case indicates a significant legal development that could impact Bayer's financial liabilities [1] - A favorable ruling for Bayer could lead to a reduction in the number of lawsuits and associated damages, benefiting the company's financial outlook [1]

Core Viewpoint - The U.S. Supreme Court's decision to hear a patent dispute involving Amarin Pharma's cardiovascular drug Vascepa may significantly impact generic drug manufacturers and the "skinny label" strategy [1] Group 1: Patent Dispute - The case centers around Amarin Pharma's Vascepa, which is a cardiovascular drug [1] - The outcome of this dispute could set a precedent affecting the generic drug market [1] Group 2: Implications for Generic Drug Makers - The ruling may influence how generic drug makers approach the development and marketing of their products [1] - The "skinny label" strategy, which allows generics to avoid patent infringement by omitting certain indications, could be affected by the court's decision [1]

Four Venezuelan banks were notified this week by the country's government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezue... ...

Core Viewpoint - Shell and Mitsubishi Corp are considering selling their stakes in the C$40 billion ($28.8 billion) LNG Canada project, indicating a potential shift in their investment strategies in the LNG sector [1] Group 1: Company Actions - Shell and Mitsubishi Corp are exploring sale options for their respective stakes in the LNG Canada project [1] - The project is valued at C$40 billion, equivalent to $28.8 billion, highlighting its significant scale in the LNG market [1] Group 2: Market Implications - The potential sale of stakes by these major companies could impact the LNG market dynamics and investment landscape [1] - This move may reflect broader trends in the energy sector, particularly in relation to LNG investments and partnerships [1]

Core Viewpoint - Elon Musk criticized Ryanair CEO Michael O'Leary, calling him an "utter idiot" and suggesting he should be fired, highlighting a public dispute over the airline's decision not to adopt Musk's Starlink internet service [1] Group 1 - The conflict escalated after O'Leary ruled out the installation of Musk's Starlink internet service on Ryanair flights [1] - Musk's comments reflect ongoing tensions between the aerospace and airline industries regarding technological adoption and service enhancements [1]

Core Insights - Danish drugmaker Genmab's experimental drug for a type of blood cancer did not achieve its primary endpoint in a late-stage clinical trial [1] Company Summary - Genmab announced the failure of its experimental drug in a late-stage study, indicating a setback in its development pipeline [1]

Core Viewpoint - Oil executives and lawyers for international oil companies are actively lobbying the U.S. and Venezuelan governments to amend Venezuela's hydrocarbon law, aiming to secure rights for unrestricted operations in the country [1] Group 1: Lobbying Efforts - The lobbying efforts are focused on obtaining changes in the hydrocarbon law of Venezuela, which is a member of OPEC [1] - The objective of these changes is to grant international oil companies the right to operate freely within Venezuela's oil sector [1] Group 2: Stakeholder Involvement - Key stakeholders involved in this lobbying include executives from major oil companies and legal representatives [1] - The involvement of both U.S. and Venezuelan governments indicates a significant interest in the potential economic benefits of revised oil regulations [1]

The U.S. Department of Energy is exploring a plan to exchange heavy Venezuelan oil for U.S. medium, sour crude to fill up the Strategic Petroleum Reserve, two sources said on Friday. ...