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Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.

Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

☆ Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more
▼ + stars: | 2024-04-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The results were better than analysts' expectations of 65 cents per share on revenues of $15.14 billion, according to LSEG. UPS posted $1.43 adjusted earnings per share while analysts had estimated $1.29 earnings per share, according to LSEG. Danaher — The life sciences firm popped more than 8% after beating analysts expectations for its first-quarter results. Spotify — Shares rallied 8.4% after the music streaming company's first-quarter revenues beat analysts' expectations. Sherwin-Williams reported adjusted earnings per share of $2.17, missing the FactSet consensus estimate of $2.22.

Persons: General Motors, Nucor, Danaher, Lockheed Martin, LSEG, Sherwin, Williams, — Hakyung Kim, Tanaya Macheel, Alex Harring, Jesse Pound, Lisa Han Organizations: General, GM, GE Aerospace —, United Parcel Service, UPS, Pepsico —, Pepsico, Novartis — U.S, JetBlue Airways —, JetBlue, Wall Street, SAP — U.S, SAP, Revenue, Lockheed, —, Spotify Locations: Swiss, Wall Street Cleveland

☆ Stocks making the biggest moves after hours: CSX, Equifax and more
▼ + stars: | 2024-04-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

CSX — The rail transport and real estate stock ticked up about 1% after CSX beat Wall Street estimates on the top and bottom line in the first quarter. The railway company posted earnings of 46 cents per share on revenue of $3.68 billion, while analysts polled by LSEG anticipated earnings of 45 cents a share and revenue of $3.67 billion. Alcoa reported $2.6 billion in revenue, while analysts polled by LSEG called for $2.56 billion. The company posted a wider-than-anticipated loss of 81 cents per share, versus analysts' estimates for a 55-cent per share loss. Equifax expects earnings per share of $1.65 to $1.75 per share in the second quarter, while analysts polled by FactSet expected $1.87 per share.

Persons: LSEG, Equifax, FactSet Organizations: CSX, Wall, Vegas Sands, Alcoa Locations: Vegas

☆ Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hertz Global — The car rental stock slid nearly 5% following a downgrade to sell from neutral at Goldman Sachs. Wayfair — The home-focused e-commerce retailer rose nearly 5% following an Evercore ISI upgrade to outperform from in line. For the period, the retailer posted adjusted earnings of 26 cents per share on $1.56 billion in revenue. Conagra reported earnings of 69 cents per share on revenue of $3.03 billion, exceeding FactSet's estimates of 65 cents per share on revenue of $3.01 billion. Intuitive Machines — The space stock soared nearly 11% after Intuitive won a NASA contract for $30 million to build a lunar terrain vehicle.

Persons: Goldman Sachs, Lizzie Dove, Morgan Stanley, Wayfair, Levi Strauss —, Conagra, Lamb Weston, FactSet, — CNBC's Alex Haring, Sarah Min, Samantha Subin Organizations: Hertz, Goldman, Zeta Global, Zeta's, LSEG, NASA

☆ A complete timeline of Rebel Wilson and Sacha Baron Cohen's feud over the claims about him in her memoir
▼ + stars: | 2024-03-28 | by ( Eammon Jacobs | Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

A chapter of Rebel Wilson's memoir is about her claims that Sacha Baron Cohen harassed her on set. AdvertisementRebel Wilson's memoir, "Rebel Rising," features a chapter about her experiences with Sacha Baron Cohen while they were filming the action comedy "The Brothers Grimsby." In 2014, Rebel Wilson said Sacha Baron Cohen asked her to put a finger in his butt while filming a scene for 'The Brothers Grimsby'Rebel Wilson as Dawn and Sacha Baron Cohen as Nobby in "The Brothers Grimsby." Rebel Wilson has been extremely consistent over the past decade in talking about what she experienced with Sacha Baron Cohen. The 'asshole' I am talking about in ONE CHAPTER of my book is: Sacha Baron Cohen."

Persons: Rebel, Sacha Baron Cohen, Wilson, Cohen, —, Nobby Butcher, Mark Strong, Nobby's, Dawn Grobham, Rebel Wilson, Dawn, Nobby, Kyle, Jackie O, I'd, Sacha, That's, — Kayleigh Donaldson, He's, they'd Organizations: Service, The, Grimsby, Sony Pictures, Courier, Twitter, Business, SBC Locations: Grimsby, England, Australia, Cape Town

☆ Fox News threatened legal retaliation against a family suing the network over the death of their daughter in Ukraine
▼ + stars: | 2024-03-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Read previewDays before a Ukrainian family filed a lawsuit against Fox News over the death of their daughter, they received a letter from the network threatening retaliation. Kuvshynova's family now says that Fox took unacceptable risks, including continuing the trip despite one of the company's security consultants vetoing it. Compensation with a catchIn the aftermath of Kuvshynova's death, Fox News CEO Suzanne Scott contacted her father, Andriy, offering her condolences, the lawsuit says. The family's lawsuit claims that Fox attempted to impose non-disclosure and non-disparagement agreements on all surviving family members. In correspondence with Fox, seen by BI, Humphreys also argued that objectively sharing the details of Fox's actions around the time of Kuvshynova's death doesn't constitute disparagement.

Persons: —, Oleksandra, Kuvshynova, Pierre Zakrzewski, Ben Hall, Kuvshynova's, Fox, Sasha Kuvshynova, Suzanne Scott, Andriy, Stephen Humphreys, Humphreys Organizations: Service, Fox News, Business, Fox, BI Locations: Ukrainian, Kyiv, Ukraine

☆ This stock is the best way to play a nuclear power 'renaissance' on the way, says Bank of America
▼ + stars: | 2024-03-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Vistra has rallied nearly 57% this year and could see even more upside as demand from data centers helps drive a "renaissance" of nuclear power, according to Bank of America. The analyst's updated forecast reflects about $8 per share of upside to earnings from Vistra's nuclear business on potential contracts with data centers. Bank of America expects Vistra to continue to prioritize shareholder returns and pay down debt. Bank of America sees the power producer's free cash flow before growth coming in above guidance, which could create investment opportunities. Vistra serves approximately 2.9 million customers with a power generation fleet of 41,000 megawatts in natural gas, nuclear, coal and solar facilities.

Persons: Vistra, Julien Dumoulin, Smith Organizations: Bank of America Locations: Tuesday's, Vistra

☆ It's not just you. Eggshells really are chipping more.
▼ + stars: | 2024-03-01 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

There's actually a reason — and it has to do with the same avian flu outbreak that made eggs so expensive last year. AdvertisementLast year, egg prices went through the roof, with prices more than doubling in certain US states. Because so many chickens died from the flu, egg producers had to adapt. The good news is that egg prices have normalized, thankfully (although they're still more expensive than 2019). That means the worst of the flu outbreak is over, and production is back up.

Persons: —, I've, I'd, It's, they'd, Sheila Purdum, Purdum, it's, Kevin Harvatine, they're Organizations: Service, University of Nebraska, Influenza, of Animal Science, Penn State University Locations: Lincoln

☆ IQiyi, the Netflix of China, posts first year of profits and says it's 'excited' about Sora
▼ + stars: | 2024-02-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora. Speaking exclusively to CNBC on Thursday, Wang said such tools can help iQiyi tell stories more creatively, and that internally, it is exploring the text-to-video space. For 2023, iQiyi said Wednesday its original content accounted for a record 65% of major dramas it released. Other major Chinese video platforms with longer-form content include Tencent Video, Alibaba -owned Youku and Bilibili . Recent data insights show more people across China are watching iQiyi's content on internet-connected television sets, and, increasingly screens inside electric cars, Wang said.

Persons: Wang Jun, Wang, OpenAI, Sora, iQiyi Organizations: Bloomberg, Getty, CNBC, Apple Locations: BEIJING, U.S, Beijing, China

☆ Stocks making the biggest moves after the bell: Cisco, Twilio, Tripadvisor and more
▼ + stars: | 2024-02-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Applovin reported 49 cents in earnings per share on $953 million of revenue. Analysts surveyed by LSEG were expecting 35 cents in earnings per share on $928 million of revenue. In the fourth quarter, Tripadvisor reported adjusted earnings of 38 cents per share on revenue of $390 million. Analysts surveyed by LSEG anticipated earnings of 22 cents a share and revenue of $374 million. NerdWallet reported a loss of 3 cents per share, while analysts were expecting 10 cents of positive earnings per share, according to LSEG.

Persons: Applovin, LSEG, Twilio, Albemarle, Tripadvisor, NerdWallet, Fastly Organizations: Cisco, Informatica — Locations: China, Informatica

☆ Sarah Snook says a producer once told her off for eating 'the tiniest bit' of chocolate cake on set after she was asked to lose weight for a role
▼ + stars: | 2024-01-14 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Sarah Snook told The Sunday Times that a producer once body-shamed her for eating cake on set. The "Succession" star did not name the producer or the film set where the incident occurred. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSarah Snook said she was body-shamed by a movie producer for eating a slice of chocolate cake on set after being given a personal trainer to lose weight for a role. Snook said she was "dying inside" at the producer's outburst, but a costume designer stepped in and told her to keep eating the cake.

Persons: Sarah Snook, —, Snook, Shiv Roy Organizations: Sunday Times, Service, HBO

☆ Former Fox employee alleges in a new lawsuit that Tucker Carlson's 'right-hand man' Justin Wells sexually assaulted him, and retaliated against him after he declined his advances
▼ + stars: | 2023-12-05 | by ( Grace Eliza Goodwin | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A former employee is suing Fox News and a former superior over an alleged 2008 sexual assault. Andrew Delancey accused Justin Wells, Tucker Carlson's former executive producer, of sexual abuse. The lawsuit details how a "culture of sexual harassment" at Fox enabled Delancey's assault. AdvertisementA former Fox News employee alleged in a new lawsuit that Justin Wells — Tucker Carlson's former producer and "right-hand man" —sexually assaulted him and retaliated against him after he declined his advances. AdvertisementBill O'Reilly settled a sexual harassment case for $32 million in 2017.

Persons: Andrew Delancey, Justin Wells, Tucker Carlson's, —, Justin Wells — Tucker Carlson's, Wells, Delancey, Greta Van Susteren, rescinding, Harmeet Dhillon, Roger Ailes, you've, Tucker Carlson, Bill O'Reilly, producer's, Ed Henry, Alfredo J, Pelicci Organizations: Fox News, Fox, Service, Fox News Edge, Business Locations: New York

☆ China slows Venezuela crude buys as U.S. sanctions lifting triggers 'disarray'
▼ + stars: | 2023-11-23 | by ( Muyu Xu | ) www.reuters.com time to read: +4 min

Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA in Morichal July 28, 2011. Independent refiners, known as teapots, account for a fifth of China's oil purchases, and more than half of its asphalt production. PetroChina, PDVSA and the Venezuelan oil ministry did not immediately respond to requests for comment. Before the U.S. imposed sanctions in 2019, subsidiary PetroChina Fuel Oil Co was the key seller of Venezuelan oil to independent refiners. Independent refiners like Venezuelan heavy crude for its high yield of road-paving material asphalt at about 60%, versus around 45% for Iranian oil.

Persons: Carlos Garcia Rawlins, Sellers, PetroChina, PDVSA, Muyu Xu, Marianna Parraga, Florence Tan Organizations: REUTERS, Rights, ICE Brent, Reuters, Fuel, Co, Thomson Locations: Morichal, Rights SINGAPORE, Washington, China, Venezuela, Iran, Russia, Iraq, Canada, OPEC, Malaysia, Venezuela's, Singapore, Houston

He's worked with everyone from Madonna and Shakira to Peso Pluma and Karol G. He has one Grammy and 18 Latin Grammys already to his name, and is the top nominee at Thursday's 2023 Latin Grammys ceremony. Unlike most of his contemporaries dominating the music industry, though, Barrera is a producer and songwriter first, recently receiving a songwriter of the year nod for the Grammys in February. He’s also nominated in the brand-new songwriter of the year category of the Latin Grammys, and says he’s proud to be recognized alongside his collaborators and mentors. “Un x100to” is one of the few regional Mexican music songs that have managed to reach the song of the year category at this year's Latin Grammys. He wondered how Marshmello would translate to the genre, but Barrera was pleasantly surprised with the American DJ and producer's interest in Latin music.

Persons: — Édgar Barrera, He's, Madonna, Shakira, Karol G, Barrera, “, ”, Maluma, Marc Anthony, Camilo, Alejandro Sanz, He’s, Barrera —, —, Puerto Rican reggaetonero, ” Barrera, Miguel, Camila Cabello, Manuel Turizo, ‘, ’ ” Barrera, it's Organizations: MEXICO CITY, Pluma, Associated Press, NASA, Grupo Frontera, Puerto Rican, Mexico City’s, American DJ Locations: MEXICO, Spanish, Miami, Seville, Spain, Mexican, Texas, Tamaulipas, McAllen , Texas, Miguel Alemán, “, American

☆ These stocks are 'built for growth' and have major upside, Goldman analysts say
▼ + stars: | 2023-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Monday.com , Booz Allen Hamilton, Brink's, Apollo Global Management and Constellation Brands. Booz Allen Hamilton Booz Allen is up 20% this year, but the government and military contractor's stock has more room to run, according to Goldman. Constellation Brands "Built for growth," analyst Bonnie Herzog said in a note, following the beer and wine producer's recent analyst day. Booz Allen Hamilton - buy rating "Booz Allen again beat consensus revenue, growing top-line 15% organically, continuing a pace well ahead of nearly all peers in the national security sector. Monday.com - buy rating "Expect little to no disruption to near-term execution; see Investor Day offering lens into LT growth potential.

Persons: Goldman Sachs, Booz Allen Hamilton, Booz Allen Hamilton Booz Allen, Noah Poponak, Booz Allen, BAH, Poponak, Bonnie Herzog, Herzog, Monday.com, Kash Rangan, Rangan, …, BCO Organizations: CNBC, Monday.com, Apollo Global Management, Constellation Brands, Booz, Goldman, U.S . Staples, TAM, Retail Solutions, Private Credit Locations: Brink's, Government, NYC, Israel, APOs

☆ Argentine oil company YPF swings to loss amid dampened fuel prices
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. REUTERS/Matias Baglietto Acquire Licensing RightsCompanies Ypf Sa FollowNov 8 (Reuters) - Argentine national oil company YPF swung to a loss in the third quarter, hurt by lower local fuel prices and higher operating costs, the company said on Wednesday,The result was significantly behind analyst expectations. The state-run producer's revenue fell about 16% to $4.5 billion during the July-to-September period, due in part to a drop in local fuel prices in dollars, YPF said in a statement. In August, Argentina froze fuel prices in a bid to tame surging triple-digit inflation. YPF said total oil and gas production increased 3% in the third quarter, with crude output up 5.4%.

Persons: Matias Baglietto, YPF, Isabel Woodford, Aida Pelaez, Fernandez, Valentine Hilaire, Leslie Adler Organizations: REUTERS, Thomson Locations: Buenos Aires, Argentina, Argentine, Vaca, U.S

☆ Argentina's YPF swings to net loss amid dampened local oil prices
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. REUTERS/Matias Baglietto Acquire Licensing RightsCompanies Ypf Sa FollowNov 8 (Reuters) - Argentina's national oil company YPF swung to a loss in the third-quarter, amid lower local oil prices and higher operating costs, the company said in a statement on Wednesday. Net loss in the period hit $137 million, from a $693 million profit the previous year. The state-run producer's revenue decreased 15.9% to $4.5 billion during the July-to-September period, it said, citing "a drop in local fuel prices in dollars." The results come despite the steady uptick in oil and gas production in recent years from western Argentina's massive Vaca Muerta shale formation, one of the biggest in the world.

Persons: Matias Baglietto, YPF, Isabel Woodford, Valentine Hilaire Organizations: REUTERS, Thomson Locations: Buenos Aires, Argentina

To studio executives who negotiated with the SAG-AFTRA president, the former star of "The Nanny" prolonged a strike while she relished her high-profile role. As president of the 160,000-member SAG-AFTRA union, Drescher won widespread praise from performers for her tenacity in fighting for better wages and protections against the rising threat of artificial intelligence technology. Drescher framed her actions as part of a broader labor movement battling Corporate America, where, in her view, executives place Wall Street's approval and their own compensation ahead of the welfare of workers. Studio executives, who declined to criticize Drescher publicly to avoid inflaming labor talks, said the 66-year-old Drescher delivered similar unvarnished critiques to industry leaders during closed-door negotiations. "Her interest as the union president is to see all performers, from background to the top 2%, succeed in a vibrant industry for the next century and beyond."

Persons: Fran Drescher, Duncan Crabtree, Fran Fine, Drescher, Kate Bond, Jill Morgan, AFTRA, Wall, Norma Rae, Ivy Kagan Bierman, Loeb & Loeb, Shari Belafonte, Belafonte, Bob Iger, Ted Sarandos, Kimberly Westbrook, Fran, Westbrook, Justine Bateman, Alex Plank, Bobby Cannavale, Robert De Niro, Ezra, She's, Plank, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Rosalba O'Brien, Gerry Doyle Organizations: SAG, Writers Guild of America, Hollywood, Netflix, Broadway, CBS, Corporate America, Loeb &, NBC, Walt Disney, Amazon Studios, Thomson Locations: Los Angeles , California, U.S, ANGELES, Queens, Ireland

Zambia will pay about $750 million in the next decade compared to almost $6 billion that was due to official creditors before the debt restructuring. "The next step is to secure a comparable agreement with our private creditors," Zambia's finance minister, Situmbeko Musokotwane, said. Zambia is committed to remaining in arrears to its commercial external creditors, the ministry said, until it secures a debt deal with comparable terms to the official creditor agreement. It is unclear how long the signing of the agreements between Zambia and each bilateral creditor is going to take. On Thursday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Zambia had signed the MoU with official creditors, which was later walked back by Zambia's finance minister and the IMF.

Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Kristalina Georgieva, Rachel Savage, Jorgelina, Giles Elgood Organizations: Zambia's, IMF, World Bank, REUTERS, Rights, Paris Club, OCC, Monetary Fund, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Zambia, China, France, Africa, Rosario

☆ JPMorgan says this packaged food company can rally 25% thanks to strong cash flow
▼ + stars: | 2023-10-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Post Holdings is "a post-er child for strong free cash flow," according to JPMorgan. "Post generates strong cash flow, which may be applied in large quantities to reduce debt and buy back stock over the next two years," Goldman said in a Friday note. Over the past six years, Post's free cash flow conversion rate was a median 156%, well above the median larger-cap food producer's 92% median conversion rate. The company routinely engages in portfolio transformation and is "not afraid" to buy lower-growth assets as long as they offer consistent cash flow, Goldman said. The company prioritizes free cash flow over earnings and does not pay a dividend.

Persons: Ken Goldman, Rachael Ray Nutrish, Goldman, —, Michael Bloom Organizations: Holdings, JPMorgan Locations: Thursday's

Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition of the largest oil producer in Permian basin. So far, shareholders profited as the share price more than doubled since early 2021 when activist investors publicly pushed for changes. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building. "Investor pressure has decreased; they're backtracking... the big investors are enabling this," said climate investment group Follow This founder Mark van Baal. Privately, investors worried if Exxon bowed out of production, someone else would pick up the slack and nothing would be gained for shareholders or energy transfer.

Persons: Olaf Scholz, Exxon Mobil's, Jim Rossman, that's, Andrew Logan, tussles, Mark van Baal, Charlie Penner, Ceres, Logan, Marguerita Choy Organizations: Environmental, Exxon, Republique, New Global Financial, Big Oil, Energy, Natural Resources, Pioneer, Barclays, Oil, Public, International Energy Agency, Investors, Ancora, Holdings, Algonquin Power & Utilities, Elliott Investment Management, NRG Energy, Smart, Thomson Locations: Paris, France, BOSTON, Ukraine

Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. These transactions were eventually allowed to be completed, and the regulator has not sued to thwart an oil and gas production deal since 2000. The lawyers and experts interviewed said the FTC would face an uphill struggle in challenging Exxon's attempted acquisition of Pioneer. "The modern U.S. experience is that oil and gas deals of any notable size get a close look. It sued to block the merger and only agreed to drop its objections after BP offered to divest oil production acreage in Alaska.

Persons: Joe Biden, Janet Yellen, Leah Millis, producer's, Lina Khan, Andre Barlow, Doyle, Barlow, Mazard PLLC, Sheldon Whitehouse, William Kovacic, George Washington, consultancies Wood MacKenzie, David Kass, Diane Bartz, David French, Mike Stone, Greg Roumeliotis, Marguerita Choy Organizations: Treasury, White, REUTERS, Exxon Mobil, Natural Resources, Exxon, Pioneer, Reuters, Federal Trade Commission, Democratic, George, Companies, Activision, FTC, Atlantic, BP, RBC Capital Markets, Chevron, PDC Energy, University of Maryland, Thomson Locations: Washington , U.S, U.S, Atlantic Richfield, Alaska, West Texas, New Mexico, Rystad, Denver, Julesburg, Washington ,, Atlanta

☆ New Zealand's A2 Milk to cancel Synlait's exclusive supply rights on infant milk formula
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

An A2 milk sign is seen at the third China International Import Expo (CIIE) in Shanghai, China November 6, 2020. REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 18 (Reuters) - New Zealand's A2 Milk Company Ltd (ATM.NZ) said on Monday it had given notice to Synlait Milk (SML.NZ) after market hours on Friday that it was canceling its exclusive manufacturing and supply rights for certain infant milk formula products of company. A2 Milk issued cancellation notices on Synlait's exclusive manufacturing and supply rights on stages 1 to 3 of the dairy producer's infant milk formula as Synlait's delivery in full and on time performance during fiscal 2023 fell below the required level. Synlait did not immediately respond to a Reuters request for comment but A2 Milk said the manufacturing and supply agreement between the parties would remain in place as Synlait considers the cancellation notice. Removal of Synlait's exclusivity will give the dairy firm a chance to expand production of its English label product at any facility at a time when one of its largest markets, China, introduces stringent regulations for infant formula.

Persons: Aly, Synlait, Milk, John Biju, Sandra Maler Organizations: China, REUTERS, Milk Company, Thomson Locations: Shanghai, China, Bengaluru

☆ The humanoid robot CEO of a drinks company says she doesn't have weekends and is 'always on 24/7'
▼ + stars: | 2023-09-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The CEO of Polish drinks company Dictador is an AI-powered humanoid robot who works 7 days a week. The AI boss, named Mika, told Reuters that she doesn't have weekends and is "always on 24/7." Mika told Reuters that she's "always on 24/7" and works seven days a week. Mika was created by Hanson Robotics, the company behind AI robot Sophia, who has garnered attention around the world through dozens of media interviews . Last year, a Chinese gaming firm appointed an "AI-powered virtual humanoid robot" called Tang Yu as the chief executive of its subsidiary, Fujian NetDragon Websoft.

Persons: Mika, Dictador, she's, I'm, Marek Szoldrowski, Sophia, Tang Yu, didn't Organizations: Reuters, Service, Hanson Robotics, Websoft Locations: Wall, Silicon, Fujian

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