Spain's Sabadell announced on Thursday that Marc Armengol will replace Cesar Gonzalez-Bueno as the bank's new chief executive officer. ...

Core Viewpoint - BP is seeking a partner to enhance production and share costs at one of the oldest oil fields in Iraq, as reported by Bloomberg News [1] Group 1 - BP aims to ramp up production at an aging Iraqi oil field [1] - The company is looking for a partner to help mitigate costs associated with the production increase [1]

Core Insights - Phillips 66 will lay off approximately half of its employees at its only remaining oil refinery in California following the closure of operations [1] Company Summary - The decision to shut down the refinery and reduce the workforce is part of a broader strategy to streamline operations amid changing market conditions [1] - The layoffs will significantly impact the local economy, given the refinery's role as a major employer in the region [1] Industry Summary - The closure of the refinery reflects ongoing challenges in the oil refining sector, including fluctuating demand and regulatory pressures [1] - This move may signal a trend of consolidation within the industry as companies adapt to evolving market dynamics [1]

Banco BPM on Thursday reported a 2025 net profit that beat market expectations, as a surge in fees more then offset the impact of a decline in lending income. ...

Group 1 - Shell is considering investments in offshore natural gas opportunities in Venezuela, with potential investments amounting to a few billion dollars [1] - Production from these investments is expected to commence within the next couple of years [1]

Core Viewpoint - CVS Health will replace Amgen and Eli Lilly's bone disease treatments with lower-cost alternatives in its preferred drug lists starting April 1 [1] Group 1 - CVS Health is making changes to its preferred drug lists to include more cost-effective options [1] - The decision reflects a broader trend in the healthcare industry towards reducing drug costs for consumers [1]

Core Insights - The chief of Verizon's consumer division, Sowmyanarayan Sampath, is resigning as the company embarks on a turnaround strategy under new CEO Dan Schulman [1] Company Developments - The leadership change comes as Verizon aims to improve its performance and adapt to market challenges [1] - Dan Schulman, the new CEO, is expected to implement strategies to enhance the company's competitive position in the wireless market [1]

Novo Nordisk CEO Mike Doustdar was in a meeting with investors on Thursday discussing the company's tough recent outlook when one interrupted him with shock news: U.S. telehealth firm Hims and Hers He... ...

Core Viewpoint - Cheniere Energy has applied to construct a new LNG plant with a capacity of 24 million metric tonnes per annum at its Corpus Christi site in Texas [1] Company Summary - Cheniere Energy is recognized as the largest liquefied natural gas exporter in the United States [1] - The proposed LNG plant will significantly enhance Cheniere's production capabilities and contribute to the growing demand for LNG [1]

Novo Nordisk said on Thursday it would take legal action against Hims & Hers after the online telehealth company said it will begin offering compounded copies of the Danish group's Wegovy pill at an i... ...