Strathcona Resources said on Friday it has terminated its takeover bid for MEG Energy , days after Cenovus Energy raised its bid for the Canadian oil producer. ...

Group 1 - Navan, a corporate travel and expense company, is aiming to raise up to $960 million in its initial public offering (IPO) in the United States [1]

Investor worries that Wall Street's record stock rally would soon fizzle loomed large on Friday after tariffs re-emerged as a market risk. ...

Delta Air Lines and Aeromexico sued the U.S. government challenging an order that they unwind a joint venture by January 1 that lets the carriers coordinate scheduling, pricing and capacity decisions ... ...

Core Point - Apple is facing a lawsuit in California federal court from two neuroscientists who allege that the company improperly used thousands of copyrighted books to train its artificial intelligence model, Apple Intelligence [1] Group 1 - The lawsuit claims that Apple misused copyrighted materials without proper authorization [1]

Core Insights - U.S. energy firms have reduced the number of oil and natural gas rigs operating, marking the first decrease in six weeks according to Baker Hughes' report [1] Industry Summary - The reduction in active rigs indicates a potential shift in the energy sector's operational strategy, possibly in response to market conditions or price fluctuations [1]

Core Points - A federal jury in Marshall, Texas ruled that Samsung Electronics must pay nearly $445.5 million in damages to Collision Communications for patent infringement related to 4G, 5G, and Wi-Fi technologies [1] Group 1 - The jury's decision highlights the ongoing legal challenges faced by major technology companies regarding intellectual property rights [1] - The ruling underscores the importance of patent protection in the telecommunications industry, particularly as 5G technology continues to expand [1] - Samsung's financial liability could impact its future investments in research and development, especially in the competitive 5G market [1]

Group 1 - Seatrium, a shipbuilder, reported that Denmark's Maersk has terminated a $475 million contract [1] - The contract was for a nearly finished offshore wind vessel [1] - The vessel was intended to work on a project off the coast of New York [1]

Core Viewpoint - Exxon Mobil has restarted its gasoline-producing fluidic catalytic cracking unit at the Beaumont, Texas refinery, which has a capacity of 612,000 barrels per day [1] Company Summary - The fluidic catalytic cracking unit at Exxon Mobil's Beaumont refinery was restarted on Thursday [1] - The refinery has a significant production capacity of 612,000 barrels per day, indicating its importance in the company's overall operations [1]

Core Insights - Novo Nordisk has decided to cut its cell therapy division, which was focused on finding a cure for type 1 diabetes [1] Company Actions - The decision to cut the cell therapy division indicates a strategic shift for Novo Nordisk, as it moves away from this specific area of research [1]