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 ... ...

Core Viewpoint - The UK's competition watchdog is set to conduct a detailed investigation into the merger between Getty Images and Shutterstock due to concerns over competition and the remedies proposed by the companies [1] Group 1: Investigation Details - The investigation will focus on the potential impact of the merger on competition within the market for stock images [1] - The competition authority has expressed concerns that the merger could reduce competition and lead to higher prices for consumers [1] Group 2: Company Background - Getty Images is a U.S.-based company that provides stock images, while Shutterstock is a rival in the same industry [1] - Both companies have offered remedies to address competition concerns, but these have not satisfied the competition watchdog [1]

Germany's BioNTech on Monday lifted its 2025 revenue guidance after receiving initial payments from its new partner Bristol Myers Squibb in a cancer immunotherapy alliance that seeks to challenge Merck's best-selling Keytruda. ...

Core Viewpoint - Kimberly-Clark announced its intention to acquire Kenvue, the maker of Tylenol, in a deal valued at approximately $48.7 billion [1] Company Summary - The acquisition will enhance Kimberly-Clark's portfolio by integrating Kenvue's well-known consumer health products [1] - This strategic move is expected to strengthen Kimberly-Clark's position in the consumer health market [1] Industry Summary - The deal reflects ongoing consolidation trends within the consumer health sector, as companies seek to expand their product offerings and market reach [1] - The acquisition is indicative of the growing importance of health-related products in consumer markets, particularly in the wake of increased health awareness [1]

What matters in U.S. and global markets today. ...

Oil supply growth outside OPEC+ could decline by April, while demand remains robust, BP's Chief Executive Murray Auchincloss said on Monday. ...

Core Viewpoint - TotalEnergies is increasing its investment in electricity to create a more predictable income stream that is less affected by the volatile cycles of the oil and gas industry [1] Group 1 - The CEO of TotalEnergies, Patrick Pouyanne, emphasized the strategic shift towards electricity investments [1] - This shift aims to mitigate the financial impacts associated with the boom and bust cycles typical of the oil and gas sector [1]

Core Viewpoint - U.S.-based oil and gas firms SM Energy and Civitas Resources are merging to create a new company valued at $12.8 billion [1] Company Summary - The merger will combine the resources and operations of SM Energy and Civitas Resources, enhancing their market position in the oil and gas sector [1]