Shell CEO Wael Sawan says the UK company may decide on whether to invest in one or two Venezuelan natural gas projects by the year-end. He speaks during a panel discussion at CERA Week in Houston. (Source: Bloomberg)
Shell CEO Wael Sawan says the UK company may decide on whether to invest in one or two Venezuelan natural gas projects by the year-end. He speaks during a panel discussion at CERA Week in Houston. (Source: Bloomberg)
Michael Derrer Fuchs Delta Air Lines ( DAL ) is moving to curb special security privileges for members of Congress by limiting lawmakers' ability to bypass standard airport procedures and be escorted to the front of screening lines. Notably, a irport security lines have become significantly longer and less predictable nationwide, with some major airports recently reporting waits of two to four hou...
Michael Derrer Fuchs Delta Air Lines ( DAL ) is moving to curb special security privileges for members of Congress by limiting lawmakers' ability to bypass standard airport procedures and be escorted to the front of screening lines. Notably, a irport security lines have become significantly longer and less predictable nationwide, with some major airports recently reporting waits of two to four hours. "Due to the impact on resources from the longstanding government shutdown, Delta will temporarily suspend specialty services to members of Congress flying Delta," read a statement from the U.S. airline giant. "Next to safety, Delta’s No. 1 priority is taking care of our people and customers, which has become increasingly difficult in the current environment." The dramatic change targets long-standing arrangements under which congressional passengers could receive expedited handling unmatched by most other travelers, a practice that has drawn increasing public criticism amid the nerve-rattling long waits at TSA checkpoints at some airports. The decision by Delta ( DAL ) also follows Senate action on legislation aimed at ending special treatment for lawmakers at airports, reflecting a broader push to align their travel experience more closely with that of ordinary passengers. By scaling back the escorts and line-skipping arrangements, Delta ( DAL ) is clearly signaling that it intends to treat congressional travelers more like other high-status customers who rely on their SkyClub status and trusted-traveler programs to make their airport life easier. Delta's ( DAL ) move at a time when airport security staffing and wait times are under scrutiny could be a practical step toward restoring confidence that the system is not tilted in favor of those in power. More on Delta Air Lines Delta Air Lines, Inc. (DAL) Presents at JPMorgan Industrials Conference 2026 Transcript Delta Air Lines, Inc. (DAL) Presents at JPMorgan Industrials Conference 2026 - Slideshow Delta Air Lines: Ass...
Schroptschop The European Central Bank is gearing up for a new round of checks on the banks it supervises for their exposure to private credit loans, according to a media report on Tuesday. The effort comes as investors question the quality of loans made through private credit channels amid some recent high-profile failures of private companies. The central bank will ask the financial institutions...
Schroptschop The European Central Bank is gearing up for a new round of checks on the banks it supervises for their exposure to private credit loans, according to a media report on Tuesday. The effort comes as investors question the quality of loans made through private credit channels amid some recent high-profile failures of private companies. The central bank will ask the financial institutions about their business with direct lenders, Bloomberg News reported, citing some people familiar with the matter. Previous exercises focused on about a dozen banks, the article said. The new planned exercise adds to similar efforts in 2024 and 2025, but recent developments make the risk assessment at banks even more salient, euro area regulatory officials told Bloomberg. The ECB is addressing shortfalls it previously identified related to banks' links to private credit. The regulator discovered in prior examinations that banks haven't been able to properly identify the detailed nature and levels of their links to private credit funds, Bloomberg said. KBW analysts estimate that European banks' private credit exposure may be ~1%-2%, but that may be larger at bigger lenders Deutsche Bank ( DB ), BNP Paribas ( BNPQF ) ( BNPQY ), and Société Générale ( SCGLF ) ( SCGLY ), according to the report. In Tuesday morning trading, Deutsche Bank ( DB ) stock fell 1.6%, BNP Paribas ( BNPQF ) fell 2.7%, Banco Santander ( SAN ) dipped 1.8%, and ING Group ( ING ) slipped 1.4%. More on Deutsche Bank, SocGen, etc. Deutsche Bank Aktiengesellschaft (DB) Presents at European Financials Conference 2026 Transcript Société Générale Société anonyme (SCGLY) Presents at European Financials Conference 2026 Transcript Deutsche Bank: Recent Pullback Provides A Buying Opportunity EU expected to postpone boost in bank capital requirements - report Deutsche Bank's investment bank topline likely flat in Q1, CEO says
Oahu residents face gruelling cleanup as floods damage hundreds of homes and losses are expected to top $1bn Sign up for the Breaking News US email to get newsletter alerts in your inbox The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hun...
Oahu residents face gruelling cleanup as floods damage hundreds of homes and losses are expected to top $1bn Sign up for the Breaking News US email to get newsletter alerts in your inbox The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, along with some schools and a hospital. On Monday, new downpours set off a fresh round of flooding on Oahu’s south side while residents on the island’s North Shore cleaned up and assessed the destruction from last week’s torrents. The National Weather Service said showers and thunderstorms were expected to wane but the Big Island remained under a flash flood watch. Continue reading...
Three AI-focused ETFs are sitting in very different positions heading into spring 2026. Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) is up 3% year-to-date. Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) has gained 8% in the same stretch. JPMorgan U.S. Tech Leaders ETF (NYSEARCA:JTEK) is down 8%. All three own many of the same ... 3 AI ETFs in 2026: One Is Up 77%, One Is Down 8%, ...
Three AI-focused ETFs are sitting in very different positions heading into spring 2026. Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) is up 3% year-to-date. Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) has gained 8% in the same stretch. JPMorgan U.S. Tech Leaders ETF (NYSEARCA:JTEK) is down 8%. All three own many of the same ... 3 AI ETFs in 2026: One Is Up 77%, One Is Down 8%, and the Gap Tells You Everything
Finland put on ice a plan to move its election platform to Amazon Web Services Inc., the latest development in Europe’s drive towards digital autonomy as trust in the US frays. The Nordic country will keep its electoral system running on existing servers in Finland until after the April 2027 general election, according to an emailed statement on Tuesday. The timeout follows a Justice Ministry revi...
Finland put on ice a plan to move its election platform to Amazon Web Services Inc., the latest development in Europe’s drive towards digital autonomy as trust in the US frays. The Nordic country will keep its electoral system running on existing servers in Finland until after the April 2027 general election, according to an emailed statement on Tuesday. The timeout follows a Justice Ministry review of a decision to move to Amazon.com Inc’s cloud-based platform taken in the spring of 2025. “In the past just over a year, the international political situation has changed and the Justice Ministry decided to review the question on how to host the election platform,” it said. The decision on a new platform will be taken at a later stage, it said. While voting in Finland takes place on paper ballots, lists of polling stations, candidates and voters are processed using the system. The system is also used in counting the votes and publication of the results. Read More: Europe’s Tech Independence Takes Center Stage
Mark Zuckerberg. | Image: The Verge | Photo: Bloomberg via Getty Images Two juries are currently deliberating a series of cases that could either usher in a legal reckoning for Meta, or maintain the status quo in an uphill battle to impose changes or penalties on tech platforms in court. Yesterday, a New Mexico jury heard closing arguments in a trial where Meta is accused of facilitating child pre...
Mark Zuckerberg. | Image: The Verge | Photo: Bloomberg via Getty Images Two juries are currently deliberating a series of cases that could either usher in a legal reckoning for Meta, or maintain the status quo in an uphill battle to impose changes or penalties on tech platforms in court. Yesterday, a New Mexico jury heard closing arguments in a trial where Meta is accused of facilitating child predators on its platforms - allegations the company vehemently denies. And as soon as today, a Los Angeles jury is tentatively expected to reach a verdict in a separate case, which concerns whether Meta and Google should be held liable for making defective products that addicted a young woman. Verdicts against the compa … Read the full story at The Verge.
Amazon (NASDAQ:AMZN) subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, according to a Reuters report today, putting it on a direct collision course with Tesla’s autonomous vehicle ambitions in two high-profile markets. Amazon’s Emerging Threat to Tesla Zoox has been methodically building its footprint: the unit launched its ... Amazon’s Zoox Is Expa...
Amazon (NASDAQ:AMZN) subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, according to a Reuters report today, putting it on a direct collision course with Tesla’s autonomous vehicle ambitions in two high-profile markets. Amazon’s Emerging Threat to Tesla Zoox has been methodically building its footprint: the unit launched its ... Amazon’s Zoox Is Expanding Its Robotaxi to San Francisco and Las Vegas — Tesla Should Be Worried
Hi, it’s David Carnevali in Houston, where I’m checking the M&A mood among dealmakers attending the CERAWeek energy conference. Also today, Estée Lauder is in talks to acquire the owner of brands including Rabanne and Jean Paul Gaultier. Today’s top stories Trian and General Catalyst raise offer for Janus. Estée Lauder in talks to buy Puig to create beauty giant. Apollo, Bain among bidders for Con...
Hi, it’s David Carnevali in Houston, where I’m checking the M&A mood among dealmakers attending the CERAWeek energy conference. Also today, Estée Lauder is in talks to acquire the owner of brands including Rabanne and Jean Paul Gaultier. Today’s top stories Trian and General Catalyst raise offer for Janus. Estée Lauder in talks to buy Puig to create beauty giant. Apollo, Bain among bidders for Continental industrial unit. Mideast funds ride China AI euphoria to world-beating IPO gains. Oil split As I run around the buzzy venue of this year’s CERAWeek in downtown Houston, I can’t help thinking how different the world looked the last time I visited the city little more than a month ago. Oil prices were hovering steadily around $60 a barrel, interest rates were on a downward trajectory and stock markets were still in the green. Against that backdrop, shale producer Devon Energy had just agreed to acquire rival Coterra Energy for $21.4 billion in the largest US oil and gas deal since 2024. In the present, war in Iran has upended the global economy and the high-ranking executives, politicians and dealmakers swarming the event are grappling with a new reality: the price of crude is now closer to $100 a barrel, inflationary pressures are forcing central banks to consider changing course on rates and markets face a higher risk of meltdown . Between panels, coffees and a long list of receptions, I’ve been asking advisers eyeing the next big oil and gas deal what the paradigm shift means for M&A in and around Texas. The answer? It’s complicated. Some like Pete Bowden , Jefferies’ global head of industrials, energy and infrastructure investment banking, have seen a boost in activity thanks to a stronger oil price outlook. “M&A dialogue has accelerated amidst the spike in commodity prices,” he told me at CERAWeek by S&P Global, adding that oil will cost $10 to $15 per barrel more than its pre-war level when the situation normalizes. “Oil prices will settle out where they were b...
SYDNEY & IRVINE, Calif., March 24, 2026--Morse Micro, the world’s leading Wi-Fi HaLow silicon provider, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026, ranking No. 15 in the Computing category. The annual list recognizes organizations that are transforming industries and shaping the future through breakthrough innovation.
SYDNEY & IRVINE, Calif., March 24, 2026--Morse Micro, the world’s leading Wi-Fi HaLow silicon provider, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026, ranking No. 15 in the Computing category. The annual list recognizes organizations that are transforming industries and shaping the future through breakthrough innovation.
Angola plans to raise about $2 billion from a eurobond sale, according to people familiar with the matter, betting that higher crude prices driven by the Iran war will boost investor appetite for debt from the oil-rich nation. Africa’s third-largest oil producer said Tuesday it plans to sell the debt to finance its budget and repurchase its outstanding $1.75 billion of 8.25% notes due in 2028. The...
Angola plans to raise about $2 billion from a eurobond sale, according to people familiar with the matter, betting that higher crude prices driven by the Iran war will boost investor appetite for debt from the oil-rich nation. Africa’s third-largest oil producer said Tuesday it plans to sell the debt to finance its budget and repurchase its outstanding $1.75 billion of 8.25% notes due in 2028. The people asked not to be identified because they aren’t authorized to speak to the media. Read more: FINAL GUIDANCE: Angola $Benchmark; 7Y 9.375%#, 11Y 9.875%# A finance ministry official declined to comment on the amount the government was planning to raise. The southwestern African nation is seeking to tap renewed demand for resource-linked assets as the US-Israel conflict with Iran disrupts oil supply chains, boosting crude prices and making producers outside the Middle East more attractive to investors. Fuel Crunch From War Threatens South African Wheat, Corn Crops Iran’s Hormuz Blockade Is Helping a Little-Used Kenyan Port Oil at $85 Makes Nigeria a Winner, While Congo Has Most to Lose The buyback plan will depend on the successful completion of the new debt sale on terms acceptable to Angola, it said in a statement. Even if that sale goes ahead, Angola said it isn’t required to purchase any of the bonds tendered. Angola last sold eurobonds in October 2025, raising $1.75 billion in its return to international debt markets after a three-year hiatus. The latest deal comes at a challenging time for emerging-market issuers, with tensions linked to the conflict in Iran roiling global markets and pushing borrowing costs higher. Still, the yield on Angola’s eurobonds due in 2035 was 9.503% as of 1:12 p.m in London, down from 9.566% on Feb. 27, a day before the war in Iran began. Oil prices have surged since the conflict began, rising about 40% amid concerns over supply disruptions and heightened geopolitical risk. The government has offered to purchase the 2028 notes at $1,020...
Private credit is facing a critical stress test as redemptions surge and investor confidence wavers. Bonaccord’s Brad Pilcher joins Bloomberg Open Interest to explain why concerns go beyond asset quality, how large asset managers may be under pressure, and what risks could reshape the $1.5T private markets boom. (Source: Bloomberg)
Private credit is facing a critical stress test as redemptions surge and investor confidence wavers. Bonaccord’s Brad Pilcher joins Bloomberg Open Interest to explain why concerns go beyond asset quality, how large asset managers may be under pressure, and what risks could reshape the $1.5T private markets boom. (Source: Bloomberg)
Russia Halts Ammonium Nitrate Exports As Global Fertilizer Crisis Set To Worsen The fertilizer crisis appears to be worsening just as the Northern Hemisphere planting season, in some areas, is about to begin, with top ammonium nitrate supplier Russia announcing on Tuesday via state media that exports of the critical crop nutrient will be halted. Russia's state-run news agency TASS said Russia will...
Russia Halts Ammonium Nitrate Exports As Global Fertilizer Crisis Set To Worsen The fertilizer crisis appears to be worsening just as the Northern Hemisphere planting season, in some areas, is about to begin, with top ammonium nitrate supplier Russia announcing on Tuesday via state media that exports of the critical crop nutrient will be halted. Russia's state-run news agency TASS said Russia will suspend ammonium nitrate exports from March 21 through April 21. The report cited a statement from the Agriculture Ministry. The temporary restriction is intended to secure domestic fertilizer supplies during the spring planting season. Exports made under intergovernmental agreements are exempt. Russia is the world's largest producer of ammonium nitrate. In 2024, the country produced about 12 million tons, roughly 47% of the global output of the plant nutrient. It was also the largest exporter at about 2.7 million tons, around 37% of global export volume and 40% of export value. Data based on IndexBox’s ammonium nitrate world market overview Export disruptions of the critical crop nutrient can hit import-dependent buyers hard, especially in markets such as Brazil, Canada, India, Peru, and Ukraine. Data based on IndexBox’s ammonium nitrate world market overview Russia's temporary export comes at the worst possible timing as the Northern Hemisphere planting season begins in some regions. The risk now is that, as the Middle East conflict enters its fourth week, a global energy shock is also spreading to fertlizer markets and may only suggest a delayed food price shock later this year. "The speed of the move [energy shock] pushed volatility sharply higher, with energy once again becoming the primary transmission channel for geopolitical risk into broader macro pricing," UBS analyst Claudio Martucci warned clients earlier this month. Claudio pointed out, "Agricultural markets reacted more indirectly to the energy shock via higher fertilizer costs, and higher input and biofuel c...
Igor Suka/E+ via Getty Images The last time I spoke about Apogee Therapeutics, Inc. ( APGE ), it was in a Seeking Alpha article entitled " Apogee Therapeutics: APG808 Asthma Treatment May Overtake Dupixent In IL-4Ra Class ." The company demonstrated that the addition of its extended half-life technology was able to allow it to not only achieve positive results from its phase 1b study using APG808 ...
Igor Suka/E+ via Getty Images The last time I spoke about Apogee Therapeutics, Inc. ( APGE ), it was in a Seeking Alpha article entitled " Apogee Therapeutics: APG808 Asthma Treatment May Overtake Dupixent In IL-4Ra Class ." The company demonstrated that the addition of its extended half-life technology was able to allow it to not only achieve positive results from its phase 1b study using APG808 for the treatment of patients with Asthma, but also to do so with less frequent dosing. This company continues to deliver on its promise of incorporating its half-life extended monoclonal antibody technology in order to attempt to gain competitive advantages over currently approved therapies to treat this and other inflammatory disorders. What I also mentioned was that the company was in the process of developing its drug candidate APG777, now known as zumilokibart for the treatment of patients with moderate-to-severe Atopic Dermatitis [AD]. I had a Strong Buy rating on APGE stock at that time, and I believe it is important to keep the rating where it is at. The reason why is because it just reported positive results from its 52 week maintenance Part A of the phase 2 APEX trial using this potential best-in-class anti-IL-13 antibody to treat these patients. I will be going over this entire program and data below. However, with this positive data in hand, it is on track to release Part B 16 week induction data from this very same mid-stage trial in Q2 of 2026. Should the data in this induction period compared to placebo hold up, the Apogee believes that it will be able to initiate a phase 3 study using zumilokibart for the treatment of these patients with moderate-to-severe AD. As a bonus, the data it released today from this Part A of this phase 2 APEX study is going to be given as a late-breaking oral presentation at the 2026 American Academy of Dermatology Annual Meeting on March 28, 2026, at 10:00 AM. With the positive 52-week maintenance data from Part A of the phase 2 A...
Layoffs have hit Fortnite developer Epic Games again. Today CEO Tim Sweeney announced that the company is cutting more than 1,000 jobs, citing a downturn in engagement for Fortnite dating back to last year. "This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place," he wrote. The layoffs follow a r...
Layoffs have hit Fortnite developer Epic Games again. Today CEO Tim Sweeney announced that the company is cutting more than 1,000 jobs, citing a downturn in engagement for Fortnite dating back to last year. "This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place," he wrote. The layoffs follow a reduction of more than 800 roles in 2023 . Sweeney's note listed a number of industry-wide issues that have plagued the live-service games space over the last several years, including increased competition and reduced consumer spending. But he also a … Read the full story at The Verge.