British drug major AstraZeneca Plc. (AZN.L,AZN) Monday said it has entered into a definitive agreement to acquire CinCor Pharma, Inc. (CINC), a US-based clinical-stage biopharmaceutical company. The upfront cash portion of the deal represents a transaction value of around $1.3 billion. On a combined basis, including the upfront and maximum potential contingent value payments, if achieved, the transaction value would […]

video Sen. Marco Rubio calls California electric car plan ‘self-defeating’ Sen. Marco Rubio criticizes California’s plan to ban sales of gas-powered cars. The California Energy Commission on Wednesday approved a $2.9 billion investment plan to accelerate the state's 2025 electric vehicle (EV) charging and hydrogen refueling goals. The investment will result in 90,000 new EV chargers across the state, more […]

video Biden’s strategic ‘political’ reserve should not be used to lower gas prices: Mike Sommers American Petroleum Institute President and CEO Mike Sommers weighs in on the Biden administration’s plan to refill the Strategic Petroleum Reserve at $70 a barrel on ‘Mornings with Maria.’ Americans are now paying less for gas than they were at this time a year ago, […]

video Price cap on Russian oil could backfire: Phil Flynn FOX Business contributor and Price Futures Group market analyst Phil Flynn discusses the global impact of a price cap on Russian oil. The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime […]

video Price cap on Russian oil a ‘fantasy’: Phil Flynn PRICE Futures Group senior market analyst Phil Flynn argues a universal price cap on oil has ‘never succeeded’ as world leaders move closer to finalizing plans for one on Russian oil amid the country’s continued invasion of Ukraine. The U.S. and its allies are seeking to agree on a level […]

video President Biden has officially lost the ‘shale revolution’ for energy independence: Phil Flynn The Price Futures Group senior account executive Phil Flynn reacts to OPEC’s decision to cut oil prices and how that will impact U.S. gas prices on ‘Mornings with Maria.’ During an interview on "Mornings with Maria," Thursday, Price Futures Group senior account executive Phil Flynn slammed the […]

video John Kirby argues Russia potentially sabotaged their own Nord Stream pipeline NSC Strategic Communication Coordinator John Kirby says the U.S. cannot rule out that Russia blew up its gas pipeline, telling ‘Cavuto: Coast to Coast’ this would be another example of Putin ‘weaponizing’ energy. The head of the European Union’s executive arm vowed Wednesday to introduce checks on key […]

Following an in-depth investigation of the merger of Veolia (VE) and Suez SA in the UK, the UK Competition and Markets Authority or CMA has concluded that Veolia must sell most of the operations it took over in the UK when it acquired Suez. In its final report, the CMA said the merger would lead to competition concerns in 5 […]

video Dodge is reinvigorating the American muscle car industry with ‘electrification’: Dodge CEO Tim Kuniskis Tim Kuniskis details his company’s latest efforts to develop a hybrid and electric vehicle that aligns with the Dodge consumers’ preferences on ‘Cavuto: Coast to Coast.’    During an interview on "Cavuto: Coast to Coast," Wednesday, Dodge CEO Tim Kuniskis discussed the company's unforeseen plunge […]

Twitter Inc. has called Billionaire entrepreneur Elon Musk’s purported termination of its $44 billion takeover deal as “invalid and wrongful.” Musk last week had sought to terminate his deal to acquire Twitter, claiming that the social media giant failed to comply with its obligations in the merger agreement. In a latest filing with the U.S. Securities and Exchange Commission, the […]