CERNOBBIO, Italy (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s top executive Francesco Gattei said on …
By Shadia Nasralla (Reuters) -BP Chair Helge Lund intends to step down “likely during 2026”, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company. Lund had backed BP’s 2020 …
Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and Tesla CEO Elon Musk lost billions this week in the market selloff.SAUL LOEB / POOL / AFP The world’s top 10 richest people saw $74 billion vanish on paper …
(Reuters) -Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial …
By Blake Brittain (Reuters) -British pharmaceutical giant GlaxoSmithKline and rival Pfizer have agreed to end a lawsuit that alleged Pfizer’s respiratory syncytial virus (RSV) vaccine Abrysvo violated GSK’s patent rights in its competing RSV shot Arexvy, according to a Thursday …
Mark Zuckerberg’s Meta could see its ad business come under pressure due to Trump’s tariffs.Celal Gunes/Anadolu via Getty Images Trump’s new tariffs could hurt Amazon and Meta due to their reliance on Chinese advertisers. Advertisers are expected to take refuge …