Russia clinches major new gas pipeline deal with China as West shuns supplies
Russia and China on Tuesday signed a major deal to build the long-delayed Power of Siberia 2 gas pipeline.
Pepsi shares jump 4% after WSJ reports Elliott planning major activist campaign
The Paul Singer-founded Elliott’s bet in Pepsi is worth about $4 billion, the Journal reported, citing people familiar with the matter.
McDonald’s to expand value menu with discounted combo meals
McDonald’s is bringing back its Extra Value Meals as it tries to appeal to price-sensitive customers.
Deutsche Bank upgrades Ferrari, says new F80 supercar will drive major earnings growth
The F80 model, which starts at 3.6 million euros, could generate more than 450 million euros in incremental earnings for Ferrari, Deutsche Bank predicted.
Stocks making the biggest premarket moves: Kraft Heinz, PepsiCo, Biogen, Signet Jewelers and more
These are the stocks posting the largest moves in the premarket.
Microsoft offers U.S. government over $6 billion in savings on cloud services over 3 years
Microsoft is the latest company to discount the cost of its software to the General Services Administration.
Bessent expects Supreme Court to uphold legality of Trump’s tariffs but eyes Plan B
A divided U.S. appeals court ruled that most of President Donald Trump’s tariffs are illegal, undercutting his use of the levies as a key economic policy tool.
A historic change in how Americans buy groceries is underway as SNAP benefit cuts begin
Cuts to SNAP benefits in President Trump’s tax law begin on Monday, a historic change in government support for low-income American food shopping.
This building products distributor is poised for major gains, Morgan Stanley says
Morgan Stanley said that QXO was one player in a highly fragmented industry that was “ripe for consolidation.”
Klarna aims to raise up to $1.27 billion in U.S. IPO
Swedish fintech firm Klarna is aiming to raise up to $1.27 billion in its long-awaited U.S. initial public offering, according to its official filing on Tuesday.