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Exclusive-How BP won its $1 billion-plus case against Venture Global

By Stephanie Kelly, Marwa Rashad, Curtis Williams and Francesca Landini LONDON (Reuters) -Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, ...
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European Union welcomes suspension of China’s rare earth controls

BRUSSELS (AP) — The European Union has agreed with China on stabilizing the flow of rare earth materials and products from China that are critical elements for many high-tech and military products, an official said Tuesday. EU trade commissioner Maroš Šefčovič met with Chinese ...
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Novo Nordisk hikes Metsera bid to up to $10B in competition with rival Pfizer

Novo Nordisk is raising the stakes in its push to outbid rival Pfizer for the development-stage drugmaker Metsera. Metsera said Tuesday that Novo is now offering to pay as much as $10 billion for Metsera. That’s higher than a previous bid for up to $9 ...
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Pizza Hut’s parent company says it’s considering selling the chain

Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many ...
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Chrysler recalls 320,000 Jeep plug-in hybrids due to faulty battery that can catch fire

WASHINGTON (AP) — Chrysler is recalling more than 320,000 Jeep plug-in hybrid vehicles due to a faulty battery that can fail and lead to a fire, U.S. traffic safety regulators said. Chrysler, which is owned by Netherlands-based Stellantis, is aware of 19 reports and 1 ...
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U.S. bank regulator looking to ensure big banks have scrapped ‘debanking’ policies

NEW YORK (Reuters) -A senior U.S. bank regulator said Tuesday that he is looking to ensure that large banks have abandoned previous policies that may have contributed to “debanking” of certain industries or clients. Jonathan Gould, head of the Office of the Comptroller of the ...
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The Media Line: Israel’s Dual-Engine Chip Sector Drives Global Innovation and $40 B in Exits 

Israel’s Dual-Engine Chip Sector Drives Global Innovation and $40 B in Exits   By The Media Line Staff   Israel’s semiconductor industry is emerging as one of the country’s strongest technology drivers, combining global R&D centers with local startup ingenuity. A new report from Startup Nation Central, Israel’s ...
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Victoria’s Secret faces fresh pressure from Brett Blundy’s BBRC for board changes

(Reuters) -Lingerie maker Victoria’s Secret’s major shareholder, BBRC International, on Tuesday called for the removal of Chair Donna James and requested a board seat for its founder Brett Blundy. Victoria’s Secret shares fell about 2% in early trading after The Wall Street Journal first reported ...
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Pfizer COVID-19 vaccine sales tumble after government guidance on the shots narrows

The fall COVID-19 vaccine season is starting slowly for Pfizer, with U.S. sales of its Comirnaty shots sinking 25% after federal regulators narrowed recommendations on who should get them. Approval of updated shots also came several weeks later than usual, and Pfizer said Tuesday that ...
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How the NFL is aiming to broaden its appeal to women

At this year’s NFL draft, some of the league’s top prospects were asked a few questions they weren’t used to. “What is a skort?” an interviewer asked. Travis Hunter made his best guess. “What is primer?” she continued. Shemar Stewart wasn’t totally sure. The questions were part ...
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Big Tesla investor will vote against Musk’s massive pay package

Norway’s sovereign wealth fund, one of Tesla’s biggest investors, said Tuesday that it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade. There will be more than a dozen company proposals up ...
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Rheinmetall closing in on multi-billion-euro ammunitions contract, CEO tells Reuters

BERLIN (Reuters) -German defence giant Rheinmetall is in the final stages of negotiating a multi-billion-euro ammunitions supply contract, CEO Armin Papperger told Reuters in an interview on Tuesday. Speaking on the sidelines of a groundbreaking ceremony for a new ammunitions factory in Lithuania, Papperger said ...
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