Author: Bella Hayes

By Nidhi Verma and Dmitry Zhdannikov NEW DELHI/LONDON (Reuters) -The United States will impose some of the harshest sanctions yet on Russia’s oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday. Some 180 vessels, dozens of traders, two major oil companies and some senior Russian oil executives, are designated in the sanctions, reports of which pushed global oil prices above $80 per barrel. [O/R]. Reuters could not immediately verify the veracity of the document and the U.S. Treasury Department did not immediately respond to…

Today announced the commencement of the mailing of its management information circular and related shareholder meeting materials for the special meeting of CI shareholders to consider and vote on the Corporation’s proposed plan of arrangement with an affiliate of funds managed by Mubadala Capital pursuant to which all of the issued and outstanding shares of CI will be acquired for cash consideration equal to $32.00 per share, other than shares held by members of senior management who enter into equity rollover agreements. This content was originally published on Baystreet.ca Source link

Christian Mohrdieck, the Chief Technology Officer at Hyzon Motors Inc. (NASDAQ:), recently executed a significant stock transaction. On January 8, Mohrdieck sold 9,250 shares of Hyzon Motors’ Class A common stock, netting a total of $9,907. The shares were sold at a price of approximately $1.0711 each. According to InvestingPro data, this transaction occurred with the stock trading near its 52-week low of $0.95, in a company currently valued at just $7.6 million. Prior to this sale, Mohrdieck had acquired 9,250 shares on January 7 through the exercise of restricted stock units, which were acquired at no cost. Following the…

BASRA REGION, Iraq – TotalEnergies (EPA:) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners have commenced construction of the ArtawiGas25 facility, a significant step in the Gas Growth Integrated Project (GGIP) aimed at harnessing Iraq’s resources and reducing flaring. The project, which involves an investment of approximately $250 million, is set to process 50 million cubic feet of gas per day that was previously flared, supplying power to local plants and meeting the needs of around 200,000 households in the Basra region. The GGIP, a $10 billion initiative signed in September 2021, is designed to boost the development of Iraq’s resources…

NAARDEN, The Netherlands – NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS), a clinical-stage biopharmaceutical firm with a market capitalization of $2.7 billion, is preparing for global regulatory submissions of its cholesterol-lowering drug candidate, obicetrapib, following a strong financial position reported at the end of the previous year. The company, which focuses on non-statin therapies for cardiovascular disease (CVD) patients with high low-density lipoprotein cholesterol (LDL-C), announced an unaudited cash balance of $835 million after a successful public offering in December 2024. According to InvestingPro data, the stock has shown remarkable strength, trading near its 52-week high with a 48% return over the…

BALTIMORE – Constellation (NASDAQ:CEG) has agreed to acquire Calpine Corporation in a transaction valued at an equity purchase price of approximately $16.4 billion, with the deal including 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of about $12.7 billion of Calpine’s net debt. CEG shares rose 10% on the news in pre-market Friday trade. The net purchase price is expected to be $26.6 billion after adjustments for Calpine’s anticipated cash generation and tax attributes, with an acquisition multiple of 7.9x 2026 EV/EBITDA. This acquisition positions Constellation as the nation’s largest clean energy provider, combining its…

Investing.com — Barclays analysts provided insights into the expected earnings per share (EPS) growth for various sectors within the for 2025, predicting an overall growth rate of 12.8%.  This represents a significant increase compared to the pre-pandemic median of approximately 7%. The is poised to lead the way, with “Big Tech” companies such as Meta (NASDAQ:), Apple (NASDAQ:), Nvidia (NASDAQ:), Microsoft (NASDAQ:), Amazon (NASDAQ:), and Alphabet (NASDAQ:) projected to achieve an impressive 18% EPS growth.  This is a deceleration from the over 30% growth seen in 2024 but still marks strong performance.  Barclays (LON:) adds that the broader Technology sector is…

Investing.com — Advanced Micro Devices shares dropped 1.7% in premarket trading Friday after Goldman Sachs (NYSE:) downgraded the stock from Buy to Neutral, citing underperformance and cyclical challenges.  The premarket slide follows a 4.3% decline in Wednesday’s session. The rating shift comes as Goldman Sachs released its 2025 outlook for the Semiconductor and Semiconductor Capital Equipment sector, highlighting AMD (NASDAQ:)’s struggles in key areas. In their note, Goldman Sachs analysts stated that AMD “underperformed its peers…as the company fell short of heightened investor expectations in Data Center GPU and were impacted by cyclical headwinds in their Embedded (i.e., FPGA), Server CPU,…

Michael Tenore, General Counsel of Atlantic International Corp. (NASDAQ:ATLN), recently acquired a significant number of shares in the company. According to a recent SEC filing, Tenore purchased 577,171 shares of common stock at a price of $0.0001 per share, totaling approximately $57. This transaction increased his total holdings to 1,578,865 shares. The timing is notable as ATLN shares have surged 162% over the past year, currently trading at $5.85. In addition to the common stock purchase, Tenore was awarded 577,171 restricted stock units (RSUs) as part of his Executive Employment Agreement. These RSUs were granted under the company’s 2023 Equity…

Investing.com – The recent surge in UK gilt yields has highlighted the fragility of sentiment towards the country’s fiscal position, said Bank of America (NYSE:), which remains the “Achilles’ Heel” for sterling.  At 04:35 ET (09:35 GMT), traded 0.1% lower to 1.2299, near its lowest level since October 2023, and on course for a weekly loss of around 1%.  Whilst part of the move can be attributable to the move in global fixed income, sterling has been hit by an idiosyncratic move in GBP risk premium which is the major disrupter for the , particularly given light positioning, according to…