Core Viewpoint - Workers at ZIM Integrated Shipping Services have escalated their strike to demand job security guarantees following Hapag-Lloyd's announcement of its intention to acquire the Israeli shipping company [1] Group 1: Company Actions - ZIM Integrated Shipping Services workers halted all work on Tuesday as part of their strike efforts [1] - The strike is a response to Hapag-Lloyd's acquisition plans, indicating concerns over job security among ZIM employees [1] Group 2: Industry Context - The acquisition of ZIM by Hapag-Lloyd reflects ongoing consolidation trends within the shipping industry [1] - The strike highlights the potential impact of mergers and acquisitions on workforce stability in the shipping sector [1]

Core Insights - Saudi Arabia's Public Investment Fund (PIF) has dissolved its stake in Take-Two Interactive, which was valued at just under $3 billion, making PIF the second-largest shareholder prior to the divestment [1][1][1] - This decision comes ahead of the highly anticipated launch of "Grand Theft Auto VI" by Take-Two Interactive [1] - The PIF's move occurs despite the Kingdom's ongoing efforts to establish itself as a global hub for the video game industry, including hosting several e-sports events [1][1] Company Summary - Take-Two Interactive Software Inc was previously supported by the PIF, which held approximately 11 million shares [1] - The PIF had previously agreed to acquire Electronic Arts, a rival of Take-Two, in a $55 billion deal as part of its broader strategy in the gaming sector [1]

Bayer to make $10.5 bln push to settle roundup cases, Bloomberg reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The 120 metres high Bayer Cross, logo of German pharmaceutical and chemical maker Bayer AG, consisting of 1710 LED glass bulbs, is seen next to a red traffic light in Leverkusen, Germany,... [Purchase Licensing Rights, opens new tab] Read more- Companies[Bayer AG]FollowBERLIN, Feb 17 (Reuters) - Bayer [(BAYGn.DE), ...

Raspberry Pi soars 40% as CEO buys stock, AI chatter builds | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]MILAN, Feb 17 (Reuters) - Shares in Raspberry Pi [(RPI.L), opens new tab] rose as much as 42% on Tuesday in a record twoday rally after CEO Eben Upton bought stock in the beatendown UK computer hardware firm, halting a monthslong slide, as chatter grew that its products could benefit from lowcost artificialintelligence projec ...

Core Viewpoint - Ormat Technologies has signed a long-term geothermal power purchase agreement with NV Energy to supply 150 megawatts of geothermal capacity to support Google's operations in Nevada, with projects expected to come online between 2028 and 2030 [1]. Group 1: Agreement Details - The agreement allows Ormat to develop new geothermal projects across Nevada, providing a scalable solution for utilities and major users like Google to invest in clean, reliable power while covering all service costs [1]. - The geothermal capacity is seen as a swift, carbon-free alternative to nuclear energy, addressing the growing demand for electricity driven by AI data centers [1]. Group 2: Market Context - U.S. power consumption is projected to rise due to the rapid build-out of data centers for AI and cryptocurrency, alongside a shift towards electric heating and transport [1]. - Geothermal power producers are increasingly finding new customers in Big Tech, as companies seek substantial electricity for their AI expansion plans [1]. Group 3: Market Reaction - Following the announcement, shares of Ormat surged over 4.7%, reaching $124.54 [1].

EU approves higher dose of Novo's Wegovy | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. REUTERS/Hollie Adams/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Novo Nordisk A/S]FollowFeb 17 (Reuters) - The European Commission has approved a higher dose of Novo Nordisk's [(NOVOb.CO), opens new tab] popular weight- ...

Core Viewpoint - The European Commission has stated that there is no short-term risk to the security of oil supplies in Hungary and Slovakia despite disruptions in Russian oil flows due to a Ukrainian pipeline attack [1] Group 1: Oil Supply Security - The European Commission confirmed that both Hungary and Slovakia have sufficient emergency stocks, holding 90 days' worth of reserves, which mitigates short-term supply risks [1] - The disruption in oil flows is attributed to a Russian attack on a Ukrainian pipeline, which has halted supplies since January 27 [1] Group 2: Hungary's Response - In response to the supply disruption, Hungary is seeking to import Russian crude oil via Croatia's Adria pipeline, utilizing an emergency exemption from EU sanctions [1] - Croatia's economy minister has indicated that while the Adria pipeline can accommodate more oil imports, it should not come from Russia due to the implications of funding the conflict in Ukraine [1] Group 3: Regulatory Context - EU regulations require member states to maintain 90 days' worth of net oil imports as a buffer against supply shocks, which Hungary and Slovakia currently meet [1] - Seaborne imports of Russian crude are banned under EU sanctions, but landlocked countries can claim exemptions if their pipeline supplies are interrupted [1]

Disc to pursue traditional U.S. approval for bitopertin after FDA rejects new fast-track route | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly//File Photo [Purchase Licensing Rights, opens new tab]- Companies[Disc Medicine Inc]FollowFeb 17 (Reuters) - Disc Medicine [(IRON.O), opens new t ...

Enagas open to European regulated asset deals aligned with hydrogen-focused strategy, CEO says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Enagas CEO Arturo Gonzalo speaks at Zona Franca near Barcelona, Spain February 2, 2023. REUTERS/Albert Gea/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Enagas SA]FollowMADRID, Feb 17 (Reuters) - Spain's Enagas [(ENAG.MC), opens new tab] is open to acquiring regulated ener ...

Danaher will acquire pulse oximeter maker Masimo for $9.9 billion, the company said on Tuesday, as the contract research firm looks to bulk up its diagnostics portfolio. ...