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Heineken to Cut Thousands of Jobs in Tough Beer Market
WSJ· 2026-02-11 06:39
Core Viewpoint - The brewer plans to eliminate between 5,000 and 6,000 jobs over the next two years due to declining sales volumes at the end of 2025 [1] Group 1 - The company is responding to a continued slide in sales volumes [1] - Job cuts are expected to occur over a two-year period [1] - The total number of roles to be removed is significant, ranging from 5,000 to 6,000 [1]
China's Consumer Inflation Eases, Producer Prices Stay in Decline
WSJ· 2026-02-11 02:02
Group 1 - China's consumer inflation softened at the start of 2026 after reaching a near three-year high in December [1] - The decline in inflation was primarily influenced by falling food prices [1]
How Fake Invoices Duped BlackRock Unit Into a $400 Million Loan
WSJ· 2026-02-11 02:00
Core Viewpoint - The recent loan wipeout by BlackRock's HPS to a telecom entrepreneur highlights the inherent risks present in the rapidly growing private-credit sector [1] Group 1 - The incident underscores that even sophisticated investors are not immune to losses in the private-credit market [1] - The private-credit business has been experiencing significant growth, attracting various investors seeking higher returns [1] - The failure of this loan raises questions about the due diligence processes employed by investors in this sector [1]
Oil Rises Amid Lingering U.S.-Iran Tensions
WSJ· 2026-02-11 01:24
Core Viewpoint - Oil prices increased during the early Asia session due to ongoing tensions between the U.S. and Iran, which may result in supply disruptions [1] Group 1 - The rise in oil prices is attributed to geopolitical factors, specifically the tensions between the U.S. and Iran [1]
Activist Investor Pushes Warner to Walk Away From Netflix Deal
WSJ· 2026-02-11 01:00
Group 1 - Ancora has established a stake of approximately $200 million in Warner Bros. Discovery [1] - The company is in favor of a potential deal with David Ellison's Paramount Skydance [1]
Estée Lauder Files Lawsuit Against Walmart Alleging Sales of Counterfeit Products
WSJ· 2026-02-11 00:21
Group 1 - The lawsuit aims to obtain a court order to prevent Walmart from selling alleged counterfeit products [1] - The lawsuit also seeks monetary damages from Walmart [1]
The FDA has refused to review Moderna's application to sell a new flu shot, the latest move by the Trump administration against vaccines
WSJ· 2026-02-11 00:14
Group 1 - The company announced that the agency would not review its application due to insufficient testing in the study for the shot [1]
Treasury Allows U.S. Companies to Provide Supplies to Venezuela for Oil Production
WSJ· 2026-02-11 00:12
The Trump administration put out a new general license authorizing equipment and technology transactions. ...
The FDA has refused to review Moderna's application to sell a new flu shot, the latest move by the administration against vaccines
WSJ· 2026-02-10 23:00
Core Viewpoint - The company announced that the agency would not review its application due to insufficient testing in the study for the shot [1] Group 1 - The agency's decision is based on the inadequacy of the study testing the shot [1]
AIG Logs Lower Profit as Net Investment Income Slides
WSJ· 2026-02-10 22:11
Core Insights - The decrease in the insurance company's performance was mainly attributed to changes in unrealized losses related to AIG's ownership interest in Corebridge Financial [1] - Additionally, there was a gain from the divestiture of its global personal travel business in the previous year, which also impacted the financial results [1]