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]

Core Viewpoint - IREN has signed a significant cloud services contract with Microsoft valued at approximately $9.7 billion, which will enable Microsoft to access Nvidia's GB300 processors [1] Company Summary - IREN is a data center owner and operator that has secured a major contract with Microsoft [1] - The contract highlights IREN's role in providing essential cloud services and advanced technology solutions [1] Industry Summary - The partnership between IREN and Microsoft underscores the growing demand for cloud services and advanced computing power in the tech industry [1] - Access to Nvidia's GB300 processors is expected to enhance Microsoft's capabilities in cloud computing and artificial intelligence [1]

Core Viewpoint - Bank of America executives are under pressure to enhance returns through increased dealmaking and wealth management to compete with larger rival JPMorgan Chase [1] Group 1 - The need for Bank of America to catch up with JPMorgan Chase highlights the competitive landscape in the banking industry [1]

Core Insights - Deel has appointed Joe Kauffman, a former executive from Intuit, as the new chief financial officer to aid in the company's potential plans for an initial public offering (IPO) as early as next year [1] Company Developments - The appointment of Joe Kauffman is a strategic move by Deel to strengthen its financial leadership in preparation for a possible IPO [1]