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SLB Beats Q4 Expectations as ChampionX Deal Lifts Results
SLB (NYSE:SLB) reported fourth-quarter earnings that came in ahead of market forecasts, helped by a full quarter of contributions from ChampionX following the completion of its acquisition last summer. The Texas-based energy technology group finalized the $7.75 billion purchase of ChampionX in July, a move aimed at strengthening SLB’s production systems business and expanding its…
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Webster Financial Tops Q4 Forecasts on Strong Loan Expansion
Webster Financial Corporation (NYSE:WBS) delivered better-than-expected fourth-quarter results on Friday, supported by solid loan growth that lifted both earnings and revenue above market forecasts. The bank reported adjusted earnings per share of $1.59 for the quarter, exceeding the analyst consensus of $1.53. Revenue reached $746.2 million, also ahead of expectations of $731.51 million. Net income…
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Bausch Health Shares Slide After Phase 3 Liver Disorder Study Misses Goal
Shares of Bausch Health (NYSE:BHC) dropped about 8% in early trading on Friday after the company disclosed unsuccessful late-stage trial results for an experimental treatment targeting hepatic encephalopathy. The drugmaker said its global RED-C Phase 3 program, which studied amorphous-rifaximin solid soluble dispersion (SSD) in adults suffering from liver cirrhosis, did not achieve its primary…
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Musk Signals Higher Tesla FSD Subscription Prices as Software Advances
Tesla’s subscription pricing for its Full Self Driving (FSD) software is set to rise as the system’s functionality improves, according to comments made Thursday evening by CEO Elon Musk. The remarks come as Tesla Inc (NASDAQ:TSLA) prepares to phase out its long-standing one-time purchase option for FSD and transition fully to a subscription-only model. The…
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Report: Warner Bros Discovery Investors Lean Toward Netflix’s $82.7bn Bid
Netflix (NASDAQ:NFLX) appears to be gaining traction with Warner Bros Discovery (NASDAQ:WBD) shareholders for its $82.7 billion proposal to acquire the group’s film and television studios, according to a report published by the Financial Times on Thursday. Netflix co-chief executive Greg Peters told the newspaper that support for a rival approach from Paramount (NASDAQ:PSKY) remains…
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Intel Stock Drops Sharply After Q4 Loss and Downbeat Outlook
Intel (NASDAQ:INTC) shares fell more than 12% in U.S. premarket trading on Friday after the semiconductor group reported a fourth-quarter net loss and issued weaker-than-expected guidance for the current quarter. The chipmaker posted a net loss of $333 million for the final three months of its fiscal year, coming in below Wall Street expectations. The…
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Intuitive Surgical Stock Rises After Q4 Results Beat Forecasts
Shares of Intuitive Surgical Inc (NASDAQ:ISRG) moved higher in premarket trading on Friday after the company reported fourth-quarter results that topped market expectations. The stock gained roughly 3% following the release. The surgical robotics group delivered adjusted earnings per share of $2.53, well ahead of the $2.26 analysts had anticipated. Quarterly revenue reached $2.87 billion,…
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FedEx Unveils France Overhaul Including Network Changes and Potential Job Cuts
FedEx Corp (NYSE:FDX) said on Friday that it is proposing a wide-ranging transformation of its domestic operations in France, aimed at streamlining its network and upgrading infrastructure. The plan involves a reconfiguration of FedEx’s facilities across the country, alongside planned investment of up to €78 million in new technology and operational infrastructure. As part of…
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Batteries as a crucial key technology: VW, NEO Battery Materials, and Hensoldt in a technological alliance
The global race for battery technologies and technological sovereignty is becoming significantly more intense. NEO Battery Materials (TSXV:NBM) (USOTC:NBMFF) is coming into focus with its market-ready, high-performance silicon anodes and the imminent ramp-up of mass production. The Canadian company is positioning itself as a Western alternative to Chinese-dominated supply chains, combining technological advantages with a…
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Oil Advances After Trump Flags ‘Armada’ Movement Toward Iran
Oil prices climbed during Asian trading on Friday after U.S. President Donald Trump raised the prospect of military action involving Iran, a key global crude producer, stoking fresh fears of supply disruptions across the Middle East. Although prices had slipped earlier in the week, crude remained on course for a fifth consecutive weekly gain. Markets…