Companies & CEOs
ExxonMobil expects EU to sign multi-year contracts to buy gas from the US - 09/11/2025
ExxonMobil Corp. anticipates that the European Union will finalize long-term contracts to purchase gas from the US as part of a trade deal where Brussels has agreed to acquire $750 billion in energy from the US, writes the Financial Times. According to Peter Clarke, ExxonMobil's senior vice president for LNG operations, Europe is now the “most significant market” for US LNG exports, and Brussels'...
SpaceX to buy EchoStar spectrum for $17 billion, pay half in shares - 09/09/2025
Elon Musk's aerospace firm SpaceX is purchasing spectrum licenses from EchoStar Corp. for $17 billion. As stated in a press release from EchoStar, SpaceX will disburse $8.5 billion in cash along with an equal amount in its stock. EchoStar plans to utilize the funds from the agreement to reduce debt and support additional expansion. According to the agreement, SpaceX will additionally cover...
EU fines Google €2.95 billion - 09/08/2025
The European Commission has imposed a €2.95 billion penalty on Alphabet Inc.'s Google due to anti-competitive behavior in its advertising sector. The EC stated that Google had exploited its dominant position by prioritizing its own advertising services and must cease this behavior. Since 2014, the company has been exploiting its leading position to the disadvantage of competitors and online...
OpenAI to buy Statsig startup, pay for deal with own shares - 09/04/2025
OpenAI, the creator of ChatGPT, is acquiring Statsig, a startup that creates tools for testing software features. The payment for the deal will be made solely using OpenAI shares. With OpenAI’s current valuation at $300 billion, the agreement will total approximately $1.1 billion. Statsig CEO Vijaye Raji will be named CTO of OpenAI's applications and will oversee the engineering development of...
Elliott buys $4 billion in PepsiCo - 09/03/2025
Elliott Investment Management has purchased a $4 billion stake in PepsiCo Inc. and is pushing for modifications at the company to bolster its stock, The Wall Street Journal reported, referencing sources close to the situation. PepsiCo, a major player in the global soft drink industry, has faced challenges in recapturing market share recently, falling behind competitors. The company's food...
Investment company CapVest close to buying German pharmaceutical company Stada for €10 billion - 09/02/2025
CapVest Partners is close to buying the German drug company Stada Arzneimittel AG for €10 billion, including debt, Bloomberg reports based on information from sources. The sources say that CapVest, based in London, is finalizing the deal terms with Stada's owners, Bain Capital and Cinven. Earlier, talks stopped because the parties couldn't agree on the value of Stada, how the deal would be...
Intel, Samsung, and SK Hynix to lose right to use U.S. technology in China - 09/01/2025
According to Bloomberg, the U.S. division of Intel Corp., along with South Korean firms Samsung Electronics and SK Hynix, will forfeit their access to American technology. Information from the U.S. Federal Register indicates that the exemptions permitting their use of American technology will end in 120 days. The businesses will have the opportunity to request licenses to maintain their...
Walgreens to split into several companies, appoints new CEO - 08/29/2025
American Walgreens Boots Alliance, purchased by the investment firm Sycamore Partners, revealed a shift in its corporate organization. The organization will divide into multiple autonomous entities. Alongside the American pharmacy chain Walgreens, there is the British chain Boots Group, which offers healthcare services through Shields Health Solutions, focuses on home health care with...
Rheinmetall AG opens Europe's largest ammunition plant in Germany - 08/28/2025
Europe's biggest ammunition factory, constructed by arms producer Rheinmetall AG in the Unterlüss area of Lower Saxony, started operations on Wednesday, according to Bloomberg. The facility aims to achieve its maximum output by 2027, at which point it can manufacture as many as 350,000 rounds of ammunition annually. The firm intends to manufacture rocket artillery systems at that location...
EssilorLuxottica may increase stake in Japan's Nikon to 20% - 08/27/2025
EssilorLuxottica, the European producer of eyewear and sunglasses, is contemplating raising its ownership in the Japanese optical equipment manufacturer Nikon Corp., according to Bloomberg, which references sources with knowledge of the situation. EssilorLuxottica presently possesses roughly 9% of Nikon. As per sources, it aims to raise its ownership in the Japanese firm to 20%. Nikon's stock...
