Portland General Electric said on Tuesday it has agreed to buy select Washington state generation, transmission and electric utility operations from PacifiCorp for $1.9 billion. ...

Core Insights - Guyana's oil growth potential is increasing due to easing tensions with Venezuela following the removal of President Nicolas Maduro, which may enhance foreign investment opportunities in the region [1] - The Guyana Energy Conference is set to discuss local workforce training, investment opportunities, and the development of a downstream sector [1] Industry Developments - The U.S. has called for $100 billion in investment to reactivate Venezuela's oil sector, which could alleviate a long-standing border dispute affecting Guyana's oil exploration [1] - Exxon Mobil's production capacity in Guyana has surpassed 900,000 barrels per day, with plans to increase this to 1.15 million barrels per day through new projects [1] - Chevron, having acquired a 30% stake in the Stabroek Block, believes the oil and gas resources in Guyana could exceed the current estimate of 11 billion barrels of oil equivalent [1] Company Activities - Exxon CEO Darren Woods indicated that the removal of Maduro may lead to improved operating conditions in Guyana, potentially reducing naval patrols and creating a more favorable environment for operations [1] - Chevron CEO Mike Wirth is expected to make the company's first official appearance at the conference, highlighting its commitment to further exploration in Guyana [1] - Exxon executives are anticipated to provide updates on operations, including a large-scale gas plan to support onshore power generation [1]

Lilly targets India as global export hub amid booming Mounjaro sales, executive says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Visitors stand at the kiosk of Eli Lilly at the BioAsia conference in Hyderabad, India, February 17, 2026. Picture taken with a mobile phone. REUTERS/Sriparna Roy [Purchase Licensing Rights, opens new tab]- Companies- Summary- Also plans to bring other products to India, such as Alzheimer's drug donan ...

Holiday Inn owner IHG bets on World Cup for US recovery as Europe, Asia drive Q4 beat | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]IHG logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies- Summary- IHG launches $950 million buyback, proposes 10% annual dividend rise- Europe and Asia growth offset US decline, boosts Q ...

Core Insights - Infosys generated 5.5% of its revenue from AI services in the December quarter, according to CEO Salil Parekh [1] - The company's total revenue for the third quarter was reported at 454.79 billion rupees, equivalent to approximately $5.01 billion [1] Company Performance - Infosys reported a third-quarter revenue of 454.79 billion rupees ($5.01 billion) [1] - The contribution of AI services to the overall revenue indicates a growing focus on technology-driven solutions within the company [1]

Core Viewpoint - Luxury companies like LVMH and Kering are facing significant volatility in their stock prices due to hedge fund positioning and concerns over AI-related market fluctuations, as they attempt to recover from a two-year slowdown in sales [2][3][8]. Group 1: Company Performance - LVMH, the largest luxury group with a market cap of €260 billion ($308.49 billion), experienced its largest one-day stock drop since 2020 after CEO Bernard Arnault expressed caution about future growth, which contrasted with a previous 12% increase following an optimistic market update in October [4][10]. - Kering's shares rose by 11% after reporting fourth-quarter revenue that fell slightly less than expected, with new CEO Luca de Meo indicating "early, fragile" signs of recovery [6][11]. - Hermes, known for its Birkin bags, saw a modest 2.5% increase in shares despite a solid quarter, trading at 45 times forward earnings, more than double that of LVMH [11]. Group 2: Market Dynamics - The luxury sector is experiencing heightened volatility due to a high number of short positions taken by hedge funds, which can lead to significant price swings when unexpected results are announced [5][8]. - The luxury market's dependence on affluent consumer spending makes it particularly sensitive to fluctuations in the U.S. stock market, which is currently experiencing volatility driven by AI trends [8][9]. - Hedge funds are increasingly influencing market movements, with many trading based on news and data points, which can exacerbate price volatility in luxury stocks [7][10]. Group 3: Investor Sentiment - Investors are actively switching their bets among luxury brands, looking for potential turnaround stories as the sector navigates a slow recovery [11]. - Kering's CEO has highlighted the stock market as a key indicator of luxury spending in the U.S., warning that a correction in the AI market could negatively impact European luxury groups [9]. - The current market environment is characterized by nervousness among investors, with many seeking to sell amid high valuations and concentrated market conditions [10].

Group 1 - Danaher is nearing a deal to acquire Masimo for nearly $10 billion, as reported by the Financial Times [1] - Masimo has a market capitalization of approximately $7 billion, indicating a significant premium in the acquisition offer [1] - The announcement of the deal could occur as early as Tuesday, pending any last-minute complications [1]

Australian court fines Exxon's local petrol brand $11.3 million for misleading claims | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren [Purchase Licensing Rights, opens new tab]- Companies[Exxon Mobil Corp]FollowFeb 17 (Reuters) - Federal Cour ...

Goldman Sachs plans to drop DEI from board-candidate criteria, WSJ reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Goldman Sachs logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Goldman Sachs Group Inc]Follow[Citigroup Inc]Follow[Morgan Stanley]FollowFeb 16 (Reuters) - Goldman Sachs [(GS.N), opens new tab] is preparing to eliminat ...

Core Viewpoint - Oil prices remain steady as traders evaluate supply risks amid U.S.-Iran nuclear talks and Iranian military drills in the Strait of Hormuz [1] Oil Market Overview - Brent crude futures decreased by 0.2% to $68.59 per barrel, following a 1.3% increase on the previous day [1] - U.S. West Texas Intermediate crude rose by 1.34% to $63.73 per barrel, reflecting price movements from the previous day due to the U.S. Presidents Day holiday [1] - The market is unsettled due to ongoing geopolitical uncertainties, particularly in the Middle East and the Ukraine situation [1] Geopolitical Factors - Iran's military drills in the Strait of Hormuz, a crucial oil export route, have raised concerns about potential supply disruptions [1] - OPEC+ is considering increasing oil output from spare capacity in response to potential disruptions, aiming to prepare for peak summer demand [1] Future Price Projections - Citi forecasts that if Brent crude remains in the $65 to $70 per barrel range due to Russian supply disruptions, OPEC+ may respond by increasing output [1] - The expectation is that both Iran and Russia-Ukraine deals could occur by summer, potentially leading to a decline in Brent prices to $60-62 per barrel [1]