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Novo Nordisk says offer for Metsera adheres to restrictions under Pfizer deal
Reuters· 2025-10-30 13:52
Novo Nordisk said on Thursday that it had adhered to all restrictions under the Pfizer merger agreement in its unsolicited offer for drugmaker Metsera , and that the value of its proposal far exceeded... ...
TotalEnergies CEO says Mozambique LNG project cost still $20 billion
Reuters· 2025-10-30 13:14
Core Viewpoint - TotalEnergies is poised to quickly restart its Mozambique LNG project, which has a budget of $20.5 billion [1] Group 1 - The CEO of TotalEnergies, Patrick Pouyanne, communicated the company's readiness to resume operations to investors [1]
PetroChina's third-quarter net profit down 3.9% year-on-year
Reuters· 2025-10-30 13:08
Asia's largest oil and gas producer PetroChina Co Ltd reported on Thursday a 3.9% year-on-year decline in third-quarter net profit due to lower oil prices as it maintained steady crude production and ... ...
Satellite maker EnduroSat gets $104 million funding from Google Ventures, others
Reuters· 2025-10-30 13:04
EnduroSat said on Thursday it has raised $104 million from investors, including Google Ventures, Lux Capital and the European Investment Council, as the Bulgaria-based company scales up production of ... ...
Southern Co beats quarterly profit estimates as US power demand soars
Reuters· 2025-10-30 12:55
Core Insights - Southern Co exceeded Wall Street profit estimates for the third quarter, driven by increased electricity demand from businesses [1] Company Performance - The company reported a significant rise in profit due to surging demand for electricity [1] Market Context - The increase in demand reflects broader trends in the utility sector, indicating a recovery or growth in business activities [1]
Meta seeks at least $25 billion from bond offering, Bloomberg reports
Reuters· 2025-10-30 12:48
Meta Platforms Inc. is targeting at least $25 billion in a bond sale, Bloomberg news reported on Thursday citing people familiar with the matter. ...
Medical products maker Baxter cuts annual profit forecast on persistent hurricane impact
Reuters· 2025-10-30 12:27
Core Viewpoint - Baxter International has revised its forecasts for adjusted annual profit and revenue growth downward after missing third-quarter revenue estimates due to ongoing impacts from hurricane-related disruptions [1] Financial Performance - The company reported a revenue miss in the third quarter, which has led to a reassessment of its financial outlook for the year [1] - Adjusted annual profit and revenue growth forecasts have been trimmed as a result of these challenges [1] External Factors - Persistent impacts from hurricane-related disruptions have significantly affected the company's operations and financial performance [1]
Altria forecasts tepid annual profit on sluggish tobacco demand
Reuters· 2025-10-30 12:17
Core Insights - Altria's annual profit forecast is significantly below market expectations due to decreased demand for cigarettes and oral smoking alternatives like on! nicotine pouches [1] Company Summary - Altria is experiencing lower demand for its traditional cigarette products and newer oral smoking alternatives, which is impacting its profitability outlook [1] Industry Summary - The tobacco industry is facing challenges with declining demand for traditional smoking products, indicating a potential shift in consumer preferences towards healthier alternatives [1]
DTE Energy adds $6.5 billion to five-year spending plan on data center power demand
Reuters· 2025-10-30 12:16
DTE Energy on Thursday raised its five-year capital investment plan by $6.5 billion to $36.5 billion, driven by growing electricity demand from data centers and efforts to modernize its utility assets... ...
Mastercard quarterly profit rises as transaction volumes hold strong
Reuters· 2025-10-30 12:06
Core Insights - Mastercard reported a significant increase in third-quarter profit, driven by sustained consumer spending which boosted payment volumes on its networks [1] Financial Performance - The company experienced a jump in profit for the third quarter, indicating strong financial health [1] - Increased consumer spending contributed to higher payment volumes, reflecting robust demand for payment services [1]