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Pfizer to collect $29 million from SEC case against Steven A. Cohen hedge fund
Reuters· 2026-02-10 20:20
Core Points - Pfizer has agreed to pay $29 million to resolve a dispute with the U.S. Securities and Exchange Commission (SEC) related to a 2013 insider trading settlement involving billionaire Steven A. Cohen [1] Company Summary - The settlement amount of $29 million indicates Pfizer's willingness to resolve regulatory disputes without prolonged litigation [1] - This resolution may help Pfizer maintain its reputation and focus on core business operations, potentially impacting investor confidence positively [1] Industry Summary - The case highlights ongoing scrutiny and regulatory challenges faced by companies in the pharmaceutical industry regarding insider trading practices [1] - The resolution of such disputes is crucial for maintaining market integrity and investor trust in the pharmaceutical sector [1]
Exclusive: TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
Reuters· 2026-02-10 20:14
Core Viewpoint - TotalEnergies has regained full ownership of the Zeeland refinery in the Netherlands by acquiring the remaining 45% stake from Russia's Lukoil, indicating a strategic move to consolidate its operations in the region [1] Company Summary - TotalEnergies has successfully re-acquired the 45% stake in the Zeeland refinery, which enhances its control over the facility and aligns with its broader strategic objectives [1] - The acquisition reflects TotalEnergies' commitment to strengthening its position in the European refining market [1] Industry Summary - The move by TotalEnergies to take full ownership of the Zeeland refinery may signal a trend of consolidation within the oil refining sector, particularly in response to geopolitical factors affecting ownership structures [1] - This acquisition could impact the competitive landscape in the European oil market, as companies reassess their positions amid changing dynamics [1]
Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Reuters· 2026-02-10 19:35
Stellantis NV is looking to exit its U.S. battery joint venture with South Korea's Samsung SDI Co. as the automaker scales back its electric-vehicle ambitions, Bloomberg News reported on Tuesday, citing people familiar with the matter. ...
Brazil's Agibank slashes US IPO size by over 50%, slices price range
Reuters· 2026-02-10 19:34
Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50% and slashed the proposed price range, according to a regulatory filing on Tuesday. ...
Boeing plans to open fourth 737 production line in mid-summer
Reuters· 2026-02-10 19:33
Core Viewpoint - Boeing is set to open a fourth 737 MAX production line in Everett, Washington, by mid-summer, as announced by a Boeing executive at the Pacific Northwest Aerospace Association's Advance 2026 conference [1] Company Summary - The new production line will enhance Boeing's manufacturing capabilities for the 737 MAX aircraft [1]
Mexican billionaire Slim's Grupo Carso confirms Pemex contract for Macavil gas field
Reuters· 2026-02-10 18:07
Core Insights - Grupo Carso, led by Mexican billionaire Carlos Slim, has signed a contract with state energy company Pemex to develop the Macavil field in southern Mexico, focusing on condensate and natural gas [1] Company Developments - The contract with Pemex marks a significant step for Grupo Carso in expanding its operations in the energy sector, particularly in the onshore oil and gas market [1] Industry Impact - The development of the Macavil field is expected to enhance Mexico's energy production capabilities, particularly in the areas of condensate and natural gas, which are crucial for the country's energy strategy [1]
Big Tech may have to do more to combat cyberbullying, EU says
Reuters· 2026-02-10 18:04
Core Viewpoint - The European Commission has announced new measures aimed at online platforms to combat cyberbullying, a significant issue affecting one in six children [1] Group 1: Measures Announced - The European Commission's measures include increased responsibilities for online platforms to address cyberbullying [1] - The initiative is part of a broader strategy to enhance child safety online [1] Group 2: Impact on Children - Cyberbullying affects approximately 16.67% of children, highlighting the urgency of the issue [1] - The measures aim to create a safer online environment for children, addressing the growing concern of mental health impacts due to cyberbullying [1]
Poland's Niewiadow signs framework deal with Northrop Grumman on 155 mm ammo production
Reuters· 2026-02-10 17:57
Group 1 - Polish arms group Niewiadow-PGM has signed a framework deal with U.S. defense supplier Northrop Grumman [1] - The agreement focuses on the production of artillery ammunition in Poland [1]
AI disruption fears create buying chance in US software stocks, strategists say
Reuters· 2026-02-10 17:41
The severity of the pullback in software stocks in recent days, driven by fears of advances in artificial intelligence disrupting the industry, has created opportunities for investors to position for ... ...
German pilots union calls for strike at Lufthansa's core airline on Thursday
Reuters· 2026-02-10 17:34
Core Points - The German pilots' union VC has called for a 24-hour strike on February 12 at Lufthansa Group's core airline and its freight division, Lufthansa Cargo, due to a dispute over pensions [1] Company Summary - The strike is aimed at Lufthansa Group, specifically targeting its main airline operations and the freight segment [1] Industry Summary - The action reflects ongoing labor disputes within the airline industry, particularly concerning pension agreements and employee compensation [1]