Microsoft (MSFT) on Tuesday introduced an updated quantum-computing chip it hopes can set up a commercially useful machine by 2029.
Majorana 2 boasts 1,000 times longer quantum state that the prior generation for more reliable computation and offers qubit lifetime of 20 seconds, the company said.
Price: $442.45, Change: $-18.08, Percent Change: -3.92%
BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported Tuesday, citing people familiar with the matter.BP's UK North Sea fields produce around 120,000 barrels per day out of the company's 2.3 million total, and it already jointly operates the Vorlich oilfield with Ithaca, a subsidiary of Israel's Delek Group.The potential sale is part of BP's broader restructuring under new CEO Meg O'Neill, who has pledged $20 billion in divestments by 2027 under pressure from activist hedge fund Elliott Management, according to the report.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.41, Change: $+0.47, Percent Change: +1.08%
Microsoft Unveils Updated Quantum-Computing Chip for Useful Machine in 2029
Carlyle Group (CG) is close to an agreement to sell Flender, a maker of mechanical and electrical drive technology, to European buyout firm Triton Partners for about 3 billion euros ($3.5 billion), Bloomberg reported Tuesday, citing people familiar with the matter.The deal may be announced as soon as this week, the report said.Carlyle did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $45.09, Change: $-0.02, Percent Change: -0.03%