Business

Olaplex draws takeover interest from Germany’s Henkel, Bloomberg News reports

Wednesday, January 7 by SRN News

Jan 7 (Reuters) - Olaplex Holdings has drawn a takeover offer from Germany's consumer goods maker Henkel, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of the U.S. hair care products maker jumped 20% in afternoon trading. The stock has fallen... Read More.

Trump immigration policies and aging population slow US growth projection, budget office says

Wednesday, January 7 by SRN News

WASHINGTON (AP) - The U.S. population is projected to grow by 15 million in 30 years, a smaller estimate than in previous years, due to President Donald Trump's hard-line immigration policies and an aging population, the Congressional Budget Office said Wednesday. The nonpartisan budget office... Read More.

AbbVie in talks to buy biotech Revolution Medicines, WSJ reports

Wednesday, January 7 by SRN News

Jan 7 (Reuters) - AbbVie is in advanced talks to buy cancer-drug developer Revolution Medicines, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of Revolution were up 10% in afternoon trading. (Reporting by Puyaan Singh in Bengaluru; Editing by... Read More.

White House completes plan to curb bedrock environmental law

Wednesday, January 7 by SRN News

WASHINGTON (AP) - The Trump administration has finalized a plan to roll back regulations implementing a landmark environmental law that the White House says needlessly delays federal approvals for energy and infrastructure projects. The action Wednesday by the White House Council on Environmental Quality rescinds... Read More.

EU to cut fertiliser duties to push through Mercosur trade deal

Wednesday, January 7 by SRN News

By Philip Blenkinsop and Kate Abnett BRUSSELS, Jan 7 (Reuters) - The European Commission said on Wednesday it would cut import duties for certain fertilisers and drive forward a law that could allow temporary suspensions to the EU's carbon border levy as it sought to... Read More.

Ticketmaster seeks to end US FTC’s ticket resale case

Wednesday, January 7 by SRN News

By Jody Godoy Jan 7 (Reuters) - Ticketmaster is urging a federal judge in Los Angeles to throw out the U.S. Federal Trade Commission's case accusing it of working with resellers to gouge fans, saying the law it is accused of violating applies only to... Read More.

Wells Fargo sees US stock rally broadening as investors rotate from mega-caps

Wednesday, January 7 by SRN News

Jan 7 (Reuters) - U.S. equities could rally beyond their usual mega-cap leaders in the first half of 2026, helped by tax refunds for households and stronger earnings growth among companies, Wells Fargo strategists said. In a note, the brokerage said heavily shorted stocks in... Read More.

Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says

Wednesday, January 7 by SRN News

WASHINGTON, Jan 7 (Reuters) - The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at globally recognized banks, the Department of Energy said in a statement released on Wednesday. "We have engaged the world's leading... Read More.

Bridgewater names veteran investor Bob Prince as board chair after record year

Wednesday, January 7 by SRN News

By Anirban Sen NEW YORK, Jan 7 (Reuters) - Bridgewater Associates on Wednesday appointed Bob Prince, one of its chief investment officers and a veteran of four decades, as the chair of its board of directors after the hedge fund delivered blockbuster returns in 2025. As... Read More.

China’s Dongfeng in talks to produce passenger cars in Turkey, local distributor says

Wednesday, January 7 by SRN News

ISTANBUL, Jan 7 (Reuters) - China's Dongfeng Motor is in talks with an investor about producing passenger cars in Turkey, the company's Turkish distributor said. Turkey, with annual sales of 1.4 million vehicles, is a relatively large market and has custom free trade with the... Read More.

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Current Weather

Olaplex draws takeover interest from Germany’s Henkel, Bloomberg News reports

Trump immigration policies and aging population slow US growth projection, budget office says

AbbVie in talks to buy biotech Revolution Medicines, WSJ reports

White House completes plan to curb bedrock environmental law

EU to cut fertiliser duties to push through Mercosur trade deal

Ticketmaster seeks to end US FTC’s ticket resale case

Wells Fargo sees US stock rally broadening as investors rotate from mega-caps

Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says

Bridgewater names veteran investor Bob Prince as board chair after record year

China’s Dongfeng in talks to produce passenger cars in Turkey, local distributor says

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