Shell's chief of mergers Greg Gut has left the firm after the CEO Wael Sawan and his top lieutenant block an internal proposal to buy rival oil and gas major BP this year, the Financial Times reported on Tuesday. ...

Core Insights - Ford Motor announced a $19.5 billion charge related to electric-vehicle investments, indicating a significant shift in the auto industry's approach to technology that was previously embraced [1] Summary by Category - **Company Actions** - Ford's $19.5 billion charge reflects a major financial commitment to electric vehicles, highlighting the challenges faced in this sector [1] - **Industry Trends** - The announcement serves as a clear indication of the auto industry's retreat from the aggressive adoption of electric vehicle technology that was prevalent earlier in the decade [1]

Core Insights - Japan's JX Advanced Metals announced that its Pan Pacific Copper (PPC) unit has sold its entire stake in an undeveloped copper project in Peru to Glencore for an undisclosed amount [1] Company Summary - JX Advanced Metals' PPC unit has divested its entire interest in a copper project located in Peru [1] - The financial details of the transaction, including the sale price, have not been disclosed [1] Industry Summary - The sale reflects ongoing consolidation trends in the mining sector, particularly in copper, as companies seek to optimize their portfolios [1] - Glencore's acquisition of the undeveloped copper project may indicate its strategy to expand its resource base in response to increasing global demand for copper [1]

Core Viewpoint - Oil prices experienced a decline in early trading on Tuesday, continuing the losses from the previous session, as the likelihood of a Russia-Ukraine peace deal appeared to improve, which raised expectations for a potential easing of supply constraints [1] Group 1 - Oil prices fell in early trading, adding to previous session losses [1] - Strengthening prospects for a Russia-Ukraine peace deal contributed to the decline in oil prices [1] - Expectations of a potential easing of supply constraints were raised due to the peace deal prospects [1]

The United States has suspended implementation of a technology deal it struck with the UK, the Financial Times reported on Monday. ...

Core Insights - ADEL, a South Korea-based biotech company, has announced a partnership with French drugmaker Sanofi valued at $1.04 billion to develop and commercialize an experimental treatment for Alzheimer's disease [1] Company Summary - ADEL is focusing on the development of a new treatment for Alzheimer's disease, indicating a strategic move into a high-demand therapeutic area [1] - The partnership with Sanofi represents a significant financial commitment, highlighting the potential value of ADEL's research and development efforts in the biotech sector [1] Industry Summary - The collaboration between ADEL and Sanofi underscores the growing interest and investment in Alzheimer's disease treatments, reflecting the increasing urgency to address this global health challenge [1] - The $1.04 billion partnership may set a precedent for future collaborations in the biotech industry, particularly in the field of neurodegenerative diseases [1]

Core Viewpoint - PayPal has applied to establish a bank in the United States, aiming to leverage the favorable regulatory environment under the Trump administration [1] Company Summary - PayPal is taking steps to expand its operations by entering the banking sector, indicating a strategic move to capitalize on current regulatory conditions [1] Industry Summary - The application reflects a broader trend among companies seeking to benefit from a regulatory landscape that is perceived as more accommodating for financial services [1]

Canada's Imperial Oil said on Monday it plans to increase capital spending and upstream production in 2026 as it doubles down on higher-return oil sands projects, aiming to lower costs and generate st... ...

Core Insights - Electronic Arts (EA) has projected fiscal 2026 net bookings to be below analysts' expectations due to soft consumer spending and high console prices impacting demand in a competitive market [1] Company Summary - EA's forecast indicates a challenging environment for the gaming industry, with consumer spending trends negatively affecting revenue projections [1] - The elevated prices of gaming consoles are contributing to decreased demand for EA's products, highlighting a potential barrier to growth [1] Industry Summary - The gaming industry is currently facing fierce competition, which is exacerbating the impact of soft consumer spending and high console prices on demand [1] - Analysts are likely to reassess their expectations for the industry as a whole in light of EA's forecast and the broader economic conditions affecting consumer behavior [1]

Intel on Monday appointed an economic adviser to U.S. President Trump as its head of government affairs, months after the U.S. government took a 10% stake in the U.S. chipmaker. ...