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Electrical equipment maker Forgent Power raises $1.06 billion in US IPO
Reuters· 2026-02-05 01:53
Group 1 - Forgent Power, an electrical equipment maker, successfully raised $1.06 billion in its U.S. initial public offering [1]
Perlmutter-backed Eikon Therapeutics raises $381.2 million in IPO
Reuters· 2026-02-05 01:32
Group 1 - Eikon Therapeutics raised $381.2 million in its U.S. initial public offering [1] - The company sold approximately 21.2 million shares at a price of $18 each [1]
Berkshire utility urges Oregon appeals court to limit wildfire damages
Reuters· 2026-02-05 00:50
Core Viewpoint - PacifiCorp is seeking to reverse court rulings that could lead to $52 billion in potential liabilities related to wildfires, which poses significant financial implications for the Berkshire Hathaway-owned utility [1] Group 1 - PacifiCorp has urged an Oregon appeals court to reconsider previous rulings [1] - The potential liabilities from wildfires amount to $52 billion, indicating a substantial financial risk for the company [1]
US oil prices fall ahead of US-Iran talks
Reuters· 2026-02-05 00:06
U.S. West Texas Intermediate crude prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, despite differences about the agenda, amid heightened tensions as the U.S. bu... ...
Trump says he will stay out of Netflix-Paramount fight over Warner Bros

Reuters· 2026-02-05 00:02
U.S. President Donald Trump said on Wednesday he plans to stay out of the Netflix and Paramount Skydance fight over Warner Bros Discovery. ...
McKesson boosts 2026 profit forecast amid specialty drug growth
Reuters· 2026-02-05 00:01
Core Viewpoint - McKesson Corporation has raised its fiscal 2026 profit forecast, driven by anticipated strong growth in its oncology and specialty drug distribution sectors [1] Company Summary - McKesson Corporation is focusing on expanding its oncology and specialty drug distribution businesses, which are expected to contribute significantly to its profit growth in fiscal 2026 [1]
TSMC plans 3-nanometre chip production in Japan with $17 billion investment, Yomiuri reports
Reuters· 2026-02-04 23:50
Taiwan Semiconductor Manufacturing Co plans mass-production of 3-nanometre advanced chips at its Kumamoto plant in Japan, investing about $17 billion, Japanese newspaper Yomiuri reported on Thursday. ...
Boeing's defense unit to cut 300 jobs, Bloomberg News reports
Reuters· 2026-02-04 23:30
Core Insights - Boeing is reducing its workforce by approximately 300 supply-chain jobs within its defense unit, with notifications to affected employees expected this week [1] Company Impact - The job cuts are specifically targeted at the defense unit of Boeing, indicating a potential restructuring or cost-cutting measure within this segment [1] Industry Context - This move may reflect broader trends in the defense industry, where companies are often adjusting their workforce in response to changing demand and budgetary constraints [1]
Align Technology beats fourth-quarter results estimates on dental products demand
Reuters· 2026-02-04 23:16
Core Viewpoint - Align Technology reported quarterly results that exceeded Wall Street expectations and forecasted first-quarter revenue in line with estimates, driven by strong demand for its dental aligners [1] Financial Performance - The company achieved quarterly results above Wall Street expectations, indicating robust financial health and operational efficiency [1] - The forecast for first-quarter revenue aligns with market estimates, suggesting stability in future earnings [1] Market Demand - Strong demand for dental aligners has been a significant driver of the company's performance, highlighting a positive trend in consumer preferences towards orthodontic solutions [1]
Samsung opens 'Samsung House' in Milan ahead of Milano Cortina Games
Reuters· 2026-02-04 23:14
Group 1 - Samsung Electronics opened its first "Samsung House" at Milan's historic Palazzo Serbelloni [1] - The initiative aims to raise the company's profile during the Milano Cortina Winter Olympics [1]