business
Panama Ports Deal Hits Impasse as China Makes New Demands for Its Approval
Beijing threatened to block the BlackRock-led deal to buy ports unless state-owned Cosco gets a majority stake. Source link
Russia-Ukraine Peace Prospects Keep Oil Under Pressure
Oil prices fell on pressure from progress toward a Russia-Ukraine deal. A potential cease-fire could see U.S. sanctions on Russian oil lifted relatively quickly, although the removal of European sanctions would likely be more gradual, said Rystad Energy. Source link
Pepsi Worked to Keep Prices Higher at Retailers to Protect Walmart, FTC Found
The allegations were made in an FTC lawsuit, dropped in May by the Trump administration, that was recently unsealed. Source link
The Factory Workers Who Build the Power Grid by Hand
The large transformers needed to power the AI boom are made partly by hand and take four to six weeks to build, leading to a yearslong wait list. Source link
DAZN in Advanced Talks for Stake in Broadcaster Main Street Sports
The British sports streaming company, eyeing U.S. growth, would take a majority stake in the broadcast partner for big league teams. Source link
Kraft Heinz Picks New CEO Ahead of Split
Steve Cahillane is set to take over. Carlos Abrams-Rivera, who became the company’s leader in 2024, will step down in January. Source link
Is Union Pacific’s Proposed Merger the Best Way to Speed Up Deliveries?
By joining forces with Norfolk Southern, Union Pacific says it can reduce delays at Midwest interchanges, but critics say it isn’t necessary. Source link
Retail Sales Stall in October
The report showed that sales at retail stores were flat in October, after growing by 0.1% in September. Economists polled by The Wall Street Journal were expecting growth of 0.1%. Source link
Auto & Transport Roundup: Market Talk
Find insight on Ferrari, Hyundai Mobis, Bangkok Airways and more in the latest Market Talks covering Auto and Transport. Source link
Pfizer Expects Decline in Covid-19 Drug Demand to Hurt 2026 Earnings
Pfizer projected 2026 adjusted earnings per share of $2.80 to $3, below analysts’ expectations of $3.05. Source link