Industry

Raytheon Signs $3.7 Billion Deal to Supply Patriot GEM‑T Missiles to Ukraine as German Line Scales Production

RTX says it signed a $3.7B direct commercial sale of Patriot GEM‑T interceptors to Ukraine, backed by a new production line in Schrobenhausen, Germany.

$RTX, #defense, #patriot, #ukraine, #raytheon

Dow Elevates COO Karen S. Carter to CEO; Jim Fitterling to Become Executive Chair on July 1, 2026

Dow will name COO Karen S. Carter CEO on July 1, 2026; current CEO Jim Fitterling becomes executive chair as the company advances its transformation.

$DOW, #dow, #leadership, #succession, #chemicals, #restructuring

Beijing Court Orders Liquidation of Zhongzhi Group and 316 Affiliates; Creditors Must File Claims by June 10

Beijing court orders substantive consolidation and liquidation of Zhongzhi Enterprise Group and 316 affiliates; creditors must file claims by June 10.

#china, #bankruptcy, #shadowbanking, #finance

Chevron Warns Accounting ‘Timing Effects’ and Working‑Capital Outflow Could Cut Billions From Q1 Results

On April 9, Chevron warned marking derivatives, LIFO inventory and a $2–4bn working‑capital outflow could trim roughly $2.7–$3.7bn from Q1 results.

#chevron, #oil, #earnings, #accounting, #energy

Maersk Keeps Ships on Longer Detours Despite Two‑Week Ceasefire for Strait of Hormuz

Maersk will keep vessels on longer detours despite a US‑Iran two‑week ceasefire that could allow limited, conditional transit through the Strait of Hormuz.

#maersk, #shipping, #straithormuz, #oil

Neurocrine to Buy Soleno for $2.9 Billion, Picks Up Prader‑Willi Drug VYKAT XR

Neurocrine will acquire Soleno for $2.9B to add VYKAT XR, the newly approved Prader‑Willi hyperphagia drug, aiming to expand its rare‑disease portfolio.

#biotech, #m&a, #raredisease

Samsung Forecasts Record Quarterly Profit as AI Memory Chips Boom

Samsung projects a record Q1 2026 operating profit of about ₩57.2 trillion, driven largely by surging demand for AI memory chips.

#samsung, #semiconductors, #ai, #memory-chips