What Happened Talks between Unilever (UL) and McCormick (MKC) are moving quickly around a potential combination that would pair Unilever’s food business with the U.S. spice maker. Unilever has said it is in discussions after receiving an offer for its food division, and McCormick has confirmed
What Happened in West African Crude West African crude trading for April-loading cargoes has slowed, even as the global oil market faces acute supply stress tied to the Iran war and disrupted tanker traffic through the Strait of Hormuz. Traders describe
What Happened Citigroup (C) leaders have been weighing the idea of buying a major U.S. regional bank, as the firm works to complete a multi-year effort to streamline its operations. The discussions have been characterized as preliminary and have taken place over
What Apple Announced Apple (AAPL) is expanding its American Manufacturing Program by adding Bosch, Cirrus Logic (CRUS), TDK, and Qnity Electronics. The company said it plans to invest $400 million through 2030 to expand U.S.-based production of key components used across Apple devices. Apple framed the move as part
What Happened Shield AI, a defense technology startup, is raising $2 billion in a new funding round that values the company at $12.7 billion. The company is positioning the capital raise as fuel for expanding its AI-powered software as autonomous tools play a
What Happened at Ust-Luga Russia’s Baltic port of Ust-Luga closed after a drone attack on Wednesday, creating an immediate logistics problem for refined products moving out of the country. The strike damaged a rail unloading rack for petroleum products at the terminal,
What Happened The White House appointed several high-profile technology executives to the President’s Council of Advisors on Science and Technology (PCAST), a panel that will weigh in on AI policy and other science-and-technology issues. The new members include Meta Platforms (META) CEO Mark Zuckerberg, Oracle (ORCL) Executive Chairman Larry
What Happened Russia is facing an unusually large disruption to its oil export system, with at least 40% of crude export capacity currently halted after a wave of attacks and logistical setbacks. The outage follows intensified Ukrainian drone strikes on oil and fuel infrastructure,
What Happened Microsoft (MSFT) has agreed to rent a large data center project in Texas that had previously been discussed for Oracle (ORCL) and OpenAI. The site is in Abilene and is positioned next to Oracle and OpenAI’s flagship Stargate campus. The project is described as totaling roughly 700 megawatts of capacity,
What The Energy Department Just Signaled The U.S. Energy Secretary said the United States is “highly unlikely” to release additional oil from the Strategic Petroleum Reserve (SPR) to calm energy markets during the war with Iran. The comments were made in a
What Happened Talks between Unilever (UL) and McCormick (MKC) are moving quickly around a potential combination that would pair
What Happened in West African Crude West African crude trading for April-loading cargoes has slowed,
What Happened Citigroup (C) leaders have been weighing the idea of buying a major U.S. regional bank,
What Apple Announced Apple (AAPL) is expanding its American Manufacturing Program by adding Bosch, Cirrus Logic (CRUS), TDK, and Qnity
What Happened Shield AI, a defense technology startup, is raising $2 billion in a new funding round
What Happened at Ust-Luga Russia’s Baltic port of Ust-Luga closed after a drone attack on Wednesday, creating
What Happened The White House appointed several high-profile technology executives to the President’s Council of Advisors
What Happened Russia is facing an unusually large disruption to its oil export system, with
What Happened Microsoft (MSFT) has agreed to rent a large data center project in Texas that had previously
What The Energy Department Just Signaled The U.S. Energy Secretary said the United States is
