Companies & CEOs
Renault seeking partner in India, talks with JSW - 07/07/2025
French car manufacturer Renault is looking for a partner in India to enhance its foothold in the nation as its partnership with Japan's Nissan Motor deteriorates, Bloomberg reported, referencing sources. Renault has conducted initial discussions with Indian tycoon Sajjan Jindal’s JSW Group regarding a potential joint venture, sources revealed. JSW is involved in the automotive, steel, energy,...
French regulator fines Shein €40 million for fake discounts - 07/04/2025
According to Reuters, French antitrust authorities have imposed a €40 million fine on the Asian e-commerce platform Shein due to unfair business practices. The organization, which also oversees consumer protection, stated that Infinite Style E-Commerce Co Ltd. (ISEL), functioning under the Shein brand, deceived consumers regarding the extent of discounts. After a year-long investigation, the...
AstraZeneca may pay Summit $15 billion for cancer drug rights - 07/04/2025
AstraZeneca Plc is in talks for a $15 billion collaboration with Summit Therapeutics, according to Bloomberg, which references sources. AstraZeneca might progressively compensate the U.S. firm for the rights to ivonescimab drug for patients with lung cancer. As per sources from Bloomberg, Summit has been negotiating with additional significant pharmaceutical firms. The agreement with...
Rothschild analyst downgrades Adobe stock rating on AI competition - 07/03/2025
Omar Sheikh, an analyst at Rothschild & Co. Redburn, has reduced Adobe Inc.’s rating to ‘sell’ from ‘neutral’ because of the risks associated with generative artificial intelligence (AI). The analyst reduced his price target for the company's stock to $280, down from $420. This represents one of the bleakest predictions for Adobe stock: analysts typically value the company's shares at $484...
Glencore announces $1 billion share buyback after sale of agribusiness - 07/03/2025
Glencore Plc, a top diversified commodity group globally, has revealed a new share repurchase program valued at up to $1 billion following the conclusion of the sale of its agricultural division Viterra. The program is set to commence on July 7 and is scheduled for completion in February 2026. On July 2, Glencore finalized the agreement to transfer Viterra to American Bunge Ltd. Consequently,...
Hyatt hotels to sell 15 resorts for $2 billion - 07/01/2025
Hyatt Hotels Corp. is divesting 15 resorts in Mexico, Jamaica, and the Dominican Republic for $2 billion. Hyatt has finalized an agreement to transfer the complete portfolio of properties it purchased on June 17 from Playa Hotels & Resorts NV to Tortuga Resorts, a partnership between KSL Capital Partners and Rodina, as stated on its website. Besides the $2 billion, Hyatt could obtain...
Trump says group of 'very rich people' ready to buy TikTok - 06/30/2025
US President Donald Trump stated he will reveal a list of individuals who have shown interest in purchasing TikTok from its Chinese owners in approximately two weeks. “I believe I’ll make the announcement in a few weeks (...). It's a collection of extremely wealthy individuals,’ he remarked during an interview with Fox News on Sunday. Simultaneously, Trump indicated that the agreement...
Italian Campari Group to sell Cinzano vermouth production for €100 million - 06/30/2025
Campari Group has finalized a deal to transfer the Cinzano vermouth and sparkling wine production to privately owned Italian spirits firm Caffo Group 1915 (which owns the Vecchio Amaro del Capo bitters brand), as stated in a press release from Campari. The Frattina grappa business is included in the sale as well. The agreement aligns with Campari Group's strategy and dedication to enhance the...
Auto parts retailer Autodoc postpones Frankfurt IPO - 06/25/2025
Germany's Autodoc, the biggest online auto parts retailer in Europe, has delayed its IPO. The firm did not provide a reason for its choice, but stated in a release that “the company and shareholders are still contemplating an IPO at a future time.” The company's stocks were originally set to debut on the Frankfurt Stock Exchange on June 25. Autodoc planned to issue approximately 6.6...
Chinese chip designer aims for $1 billion Hong Kong listing - 06/24/2025
Montage Technology, a Chinese semiconductor designer, aims to raise approximately $1 billion through a Hong Kong stock exchange listing and has enlisted banks to assist with the preparation, according to Bloomberg, citing sources familiar with the situation. Montage Technology officially announced on June 20 its intention to list shares in Hong Kong, yet did not offer additional specifics. The...
