Archive for Tag: Trade Ideas

Shareholder activism reaches milestone as Exxon board vote nears end

Exxon Mobil Corp (NYSE:XOM)is trading down 2.26% at 58.26 The showdown pitting Exxon Mobil Corp (NYSE:XOM)against a tiny activist fund to determine the oil giant’s board and future direction was too close to call early Wednesday, according to people familiar with the matter. Exxon’s 12 directors are up for...

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With electrification, Nissan’s Gupta sees new spark for Renault tie-up

Nissan Motor Co is trading up 0.89% at 532.80 Nissan (OTC:NSANY) Motor Cowill standardise and share electric-vehicle components with alliance partner Renault SA (OTC:RNLSY), the Japanese automaker’s chief operating officer (COO) said, describing electrification as the partnership’s new lynchpin. The Franco-Japanese alliance, which also includes junior member Mitsubishi Motors...

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Judge suggests warning label as part of $2 billion plan to limit Roundup claims

Bayer AG (DE:BAYGN) DOWN 1.05% AT 16.95 A U.S. judge suggested on Wednesday that Bayer AG (DE:BAYGN) include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes cancer. Bayer (OTC:BAYRY) asked U.S. District Judge Vince Chhabria in...

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Oxford Biomedica lifts outlook as AstraZeneca ramps up vaccine output

AstraZeneca (NASDAQ:AZN) UP 0.62% AT 7944 Oxford Biomedica on Tuesday doubled the revenue expectation from its COVID-19 vaccine supply deal with AstraZeneca (NASDAQ:AZN) after the drug maker commissioned more batches from the company in the second half of 2021. Shares of the cell therapy firm, which has an agreement...

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AT&T close to deal to combine media empire with Discovery

AT&T Inc (NYSE:T) UP 0.09% AT 32.24 U.S. telecoms giant AT&T Inc (NYSE:T)is nearing a deal to combine its media assets, including CNN and HBO, with Discovery (NASDAQ:DISCA) Inc, the owner of lifestyle TV networks such as HGTV and TLC, according to news reports citing unnamed sources. The deal...

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BioNTech to build mRNA vaccine manufacturing site in Singapore

BioNTech plans to set up a regional centre and a new factory in Singapore for its vaccines, it said on Monday, boosting its presence in Asia as a debate over patents rages and pressure grows on drugmakers to raise output of COVID-19 shots. Governments are looking to build up...

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Hyundai Motor Group names new chief for mobility division

Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc and Microsoft . Song Chang-hyeon will lead the newly established Transportation-as-a-Service (TaaS) division,...

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Ireland launches inquiry into Facebook after reports of data leak

Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc , after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public. Facebook said in a blog post last week that “malicious actors” had obtained...

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