Core Viewpoint - Vertiv Holdings announced its acquisition of HVAC services firm PurgeRite Intermediate for approximately $1 billion, aiming to enhance its liquid cooling services portfolio in the data center power equipment sector [1] Group 1: Acquisition Details - The acquisition is valued at around $1 billion, indicating a significant investment by Vertiv Holdings to expand its service offerings [1] - PurgeRite Intermediate specializes in HVAC services, which aligns with Vertiv's strategy to enhance its capabilities in liquid cooling solutions [1] Group 2: Strategic Implications - This move reflects the growing demand for advanced cooling solutions in data centers, highlighting a trend towards more efficient and sustainable technologies in the industry [1] - By integrating PurgeRite's services, Vertiv aims to strengthen its market position and provide comprehensive solutions to its clients [1]

Core Insights - Chinese oil demand growth has slowed since 2020 as the country transitions to greener energy sources, according to TotalEnergies CEO Patrick Pouyanne, who remains optimistic about long-term prospects [1] Industry Summary - The transition to greener energy in China is impacting oil demand growth, indicating a shift in energy consumption patterns [1] - Despite the slowdown in demand growth, there is a long-term optimism in the oil industry regarding future energy needs and market dynamics [1]

Pfizer Inc said on Monday it has filed a second lawsuit against Metsera , its controlling shareholder, and Novo Nordisk in a Delaware federal court, accusing the Danish drugmaker of anticompetitive conduct. ...

Insured losses from Hurricane Melissa's strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to estimates from data analytics firm Verisk. ...

Core Insights - IDEXX Laboratories raised its full-year profit and revenue forecasts following better-than-expected third-quarter results, indicating strong performance in the pet diagnostics sector [1] Financial Performance - The company reported improved third-quarter results compared to the previous year, which contributed to the upward revision of its profit and revenue forecasts [1] Market Trends - IDEXX Laboratories is capitalizing on the trend of pet owners increasing their spending on diagnostics and healthcare for their pets, reflecting a growing market demand [1]

UniQure , said on Monday its experimental gene therapy for Huntington's disease does not have adequate clinical data to support its marketing application, according to the U.S. Food and Drug Administr... ...

Core Insights - Microsoft plans to invest over $15 billion in the United Arab Emirates by the end of 2029 [1] - The investment will span a period of seven years [1] - Microsoft has secured export licenses from the Trump administration to ship advanced chips to the Gulf country [1]

Inflation in Switzerland fell unexpectedly in October, government data showed on Monday, although not enough to make the central bank consider interest rate cuts, analysts said. ...

Core Insights - Petrobras, the Brazilian state-run oil firm, has approved a new voluntary redundancy program aimed at reducing its workforce by approximately 1,100 employees [1] Company Summary - The board of directors at Petrobras has made the decision to implement a voluntary redundancy program [1] - The program is part of the company's strategy to streamline operations and manage costs effectively [1]

Tesla's sales plunged in October in Norway, Sweden and Denmark in the latest sign that the U.S. electric vehicle maker's European struggles continue, but the company posted a small gain in France for ... ...