The Wall Street Journal claimed, citing sources, that American manufacturer Johnson & Johnson is reducing production of its coronavirus vaccines in the face of declining demand. The article also states that Johnson & Johnson filed an arbitration demand against Merck in relation with the two firms' vaccine collaborations in October 2022, citing papers to support its claim. Merck filed...

According to a press release from S&P Global Ratings, the US cryptocurrency exchange Coinbase's long-term issuer credit rating has been reduced from 'BB' to 'BB-' with a negative outlook. The agency's experts remarked on their choice, saying that "Coinbase's trading volumes have dropped dramatically following the bankruptcy of cryptocurrency exchange FTX, and in our view, regulatory concerns are...

In 2022, the aircraft manufacturer Airbus recorded 1,078 new orders and delivered 661 commercial aircraft to 84 customers. However, the company was unable to reach its manufacturing schedule as a result of supplier issues. "We delivered 661 airplanes to 84 customers in 2022, an 8 percent increase over 2021. Clearly, this is less than what we had anticipated," the business claimed in a report....

A world leading private investment house, an expansive portfolio boasting some of the most innovative projects in a market evermore sensitive to questions regarding the environment, sustainability and social cohesion… In just two decades, Ardian has quietly become the French and European leader in private equity markets, symbolised by its far-reaching ambitions in ESG. A look back at a short...

The six billion dollar project will be built in partnership by Qatar's state oil and gas business QatarEnergy and the American-Dutch company Chevron Phillips, according to QatarEnergy's press office. In order to construct the Ras Laffan Petrochemicals complex, a $6 billion integrated alkenes and polyethylene production plant in the industrial town of Ras Laffan, Qatar Energy announced a final...

ABB sold Hitachi its last remaining interest in the power grid business for $1.4 billion. ABB, a Swiss engineering company, said today that the sale of its remaining 19.9% ownership in its power grid business has been completed. Hitachi Group acquired a majority stake in it prior to that. Hitachi exercised an option to purchase the shares in accordance with the terms of its agreement to...

Japan's IETS will be purchasing 1 million tons of LNG annually from Venture Global for 20 years. A 20-year purchase deal for 1 million tons of LNG per year was signed between Venture Global CP2 LNG, a subsidiary of Venture Global LNG based in the United States, and INPEX Energy Trading Singapore (IETS), a subsidiary of INPEX Corporation (INPEX), according to a press release. The project will...

According to The Wall Street Journal, the SPAC (special purpose acquisition companies) merger market, which experienced an early-year boom, will enter a phase of mass liquidation by year's end. Four SPACs are liquidated each day this month, the same number as when this way of going public was most well-liked by businesspeople. Special-purpose mergers and acquisitions corporations (SPACs) are...

Nike Inc reported its second-largest quarterly revenue increase in more than a decade, which easily outperformed analysts' earnings estimates, thanks to strong demand for sportswear and footwear in North America ahead of the holidays. After the close of the regular trading session on Tuesday, shares in the world's largest sportswear manufacturer were up 13%. During the quarter, the company used...