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Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Shell (SHEL.L, SHELL.AS) is tipped to have named Abu Dhabi National Oil Co., or Adnoc, as the preferred bidder for its South African retail fuel stations in a deal potentially worth $1 billion, Bloomberg News wrote.People with knowledge of the matter said, according to the Tuesday report, that the deal, which is expected to be reached as early as this quarter, follows failed talks between energy giant Shell and commodities trading group Gunvor Group.Shell and Adnoc did not immediately respond to requests 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.)

^FADGI^JTOPI$SHEL.L$SHELL.AS

Wire92d ago

RTX's Blue Canyon Technologies Increases Reaction Wheel Production Capacity

RTX (RTX) said Tuesday its small satellite manufacturer Blue Canyon Technologies is increasing reaction wheel production capacity amid growing demand for spacecraft subsystems and components.Blue Canyon Technologies has allocated more than $1 million to expand production capability to 2,400 reaction wheels per year from 650 wheels.Reaction wheels use motor-driven torque to control spacecraft movements while on orbit without propulsion, according to RTX.Price: $203.53, Change: $+2.12, Percent Change: +1.05%

$RTX

Wire92d ago

Market Chatter: Carlyle Asset-Backed Income Fund Raises $1.5 Billion in First Round

Carlyle Group (CG) has attracted $1.5 billion in the first round of fundraising for its Carlyle Asset-Backed Income Fund from pension funds, sovereign wealth funds, and other institutional investors, Bloomberg reported Tuesday, citing a source familiar with the matter.The fund does not have a preset end date unlike most credit vehicles, the source said.Carlyle did not immediately reply 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: $50.28, Change: $+1.08, Percent Change: +2.18%

$CG

Wire92d ago

Lockheed Gets 10-Year, $1.9 Billion Contract From Pentagon

Lockheed Martin (LMT) said Tuesday the Pentagon awarded it a 10-year contract worth up to $1.9 billion to continue the C-130J Maintenance and Aircrew Training System program.The contract is sole-source, indefinite delivery and indefinite quantity, the company said.Price: $615.33, Change: $-4.36, Percent Change: -0.70%

$LMT

Wire92d ago

Humana, Tuesday Health Collaborate to Expand Palliative Care Access

Humana (HUM) is partnering with Tuesday Health to expand access to palliative care for eligible members in Texas under a new program, the latter said Tuesday.The program, set to launch on June 1, will provide clinical guidance, symptom management and caregiver assistance for members living with serious illness, Tuesday Health said.Price: $198.56, Change: $+0.33, Percent Change: +0.17%

$HUM

US Markets92d ago

Johnson & Johnson Raises 2026 Outlook Following First-Quarter Beat

Johnson & Johnson (JNJ) lifted its full-year outlook on Tuesday as the healthcare products conglomerate's first-quarter results surpassed Wall Street's expectations.The company now anticipates adjusted earnings of $11.45 to $11.65 per share for 2026, up from its previous projections of $11.43 to $11.63. Sales are set to come in between $100.3 billion and $101.3 billion, compared with the prior guidance of $100 billion to $101 billion.The consensus on FactSet is for non-GAAP EPS of $11.56 and sales of $100.63 billion for the current year."Johnson & Johnson had a strong start to 2026 and is delivering on its promise for a year of accelerated growth and impact," Chief Executive Joaquin Duato said in a statement.Shares of the company edged up 0.5% in Tuesday trade, taking its year-to-date gain to 15.5%.For the first quarter, Johnson & Johnson's adjusted EPS declined to $2.70 from $2.77 last year, but came in ahead of the Street's view for $2.68. Sales improved 9.9% to $24.06 billion, surpassing the average analyst estimate of $23.61 billion.Innovative medicine sales climbed 11% to $15.43 billion. Operational revenue moved 7.4% higher, driven by, among others, the group's oncology products, including blood cancer therapy Darzalex, as well as immunology product Tremfya.Medtech revenue advanced 7.7% to $8.64 billion, buoyed by the firm's electrophysiology products, Abiomed, Shockwave in the cardiovascular portfolio and trauma in orthopaedics, it said.Revenue in the US increased to $13.33 billion from $12.31 billion in the 2025 quarter, while international sales gained 12% to $10.73 billion.Price: $239.20, Change: $+1.37, Percent Change: +0.58%

$JNJ

Wire92d ago

Oppenheimer Adjusts Price Target on Modine Manufacturing to $271 From $240, Maintains Outperform Rating

Modine Manufacturing (MOD) has an average rating of buy and mean price target of $268.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $250.94, Change: $-6.06, Percent Change: -2.36%

$MOD

Commodities92d ago

Germany Solar Output Jumps 31%, Cuts LNG Demand, Bloomberg Analysis Says

Germany's solar output is set to jump about 31% this summer, cutting gas use and easing LNG demand amid Middle East tensions, according to a Bloomberg analysis on Tuesday.Solar generation in Europe's largest power market is projected to average about 16.5 gigawatts from April to September, rising roughly 31% over the year, the analysis said, citing BloombergNEF data.The increase in renewable output is projected to cut gas-fired generation by about 29% over the same period, equivalent to roughly nine liquefied natural gas cargoes, the analysis added.Germany's solar capacity expansion, with panel installations rising about 15% this year, is driving the surge and helping limit competition with Asian LNG buyers amid geopolitical tensions that are lifting global gas prices, the report added.Higher solar output is also expected to support Europe's efforts to rebuild depleted gas storage levels ahead of winter, offering additional supply security as the region navigates energy market uncertainty.Gas-fired output in Germany is expected to drop to about 2.5 GW in July, while coal generation may fall 63% to nearly 3.2 GW between April and September, reflecting rising renewable supply, the analysis said.Gas will still play a key role in stabilizing Germany's power grid and influencing electricity prices, especially during periods when renewable generation declines, the analysis said.Germany produced a record 53 GW of solar power last week, covering more than 80% of electricity demand, the analysis added, citing data from consultancy Agora Energiewende.

Wire92d ago

Oppenheimer Adjusts Price Target on EnerSys to $210 From $186, Maintains Outperform Rating

EnerSys (ENS) has an average rating of overweight and mean price target of $198.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $199.64, Change: $+5.03, Percent Change: +2.59%

$ENS

Wire92d ago

UBS Adjusts Price Target on TE Connectivity to $272 From $283, Maintains Buy Rating

TE Connectivity (TEL) has an average rating of overweight and mean price target of $274.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $236.08, Change: $+1.75, Percent Change: +0.75%

$TEL

Commodities92d ago

Consumers Energy Breaks Ground on Four Cities Metro Pipeline Project in Michigan

CMS Energy (CMS) subsidiary Consumers Energy said Monday it has broken ground on the Four Cities Metro Pipeline project to replace an aging natural gas network spanning over 8 miles across Oakland and Macomb counties in Michigan.The pipeline project traverses through Royal Oak, Clawson, Madison Heights, and Warren.The company will initially target replacing sections of the pipeline in Royal Oak, Clawson, and Warren cities this year, and aims to complete the modernization of the entire network by 2029.Consumers Energy supplies natural gas and electricity to 6.8 million residents in the state.Price: $78.17, Change: $-0.28, Percent Change: -0.36%

$CMS

Wire92d ago

Lockheed Gets 10-Year, $1.9 Billion Contract From Pentagon

$LMT

Treasury92d ago

Canada PM Carney Says He Is Not Considering Calling An Election After Byelection Results and Floor Crossings Give His Liberals a Majority Govt

S&P/TSX CompositeS&P/TSX Composite$CXY

Commodities92d ago

Bloom Energy Expands Deal With Oracle for Up to 2.8 GW of Fuel Cell Capacity

Bloom Energy (BE) said Monday that it has expanded its partnership with Oracle (ORCL), signing a new master services agreement that could see Oracle procure up to 2.8 gigawatts of Bloom's fuel cell systems.The deal aims to support the rapid buildout of Oracle's artificial intelligence and cloud computing infrastructure.An initial 1.2 GW of capacity has already been contracted, with deployment underway and expected to continue into next year. The fuel cell systems will support Oracle projects across the US as the company scales its cloud platform.The agreement builds on an existing relationship between the two companies and underscores a broader shift toward distributed, onsite power generation as demand for digital infrastructure accelerates, the company said.Its modular fuel cell systems can be deployed significantly faster than conventional power solutions, helping customers reduce development timelines and project risk, Bloom added.The company noted that it delivered a fully operational fuel cell system to Oracle in 55 days last year, ahead of the originally projected 90-day schedule.Separately, Bloom said it issued a warrant to Oracle on Apr. 9 under terms previously disclosed in October.According to CNBC, the warrant allows Oracle to purchase up to 3.53 million Bloom shares at $113.28 each, representing a potential $400 million investment tied to the earlier agreement. Oracle has until Oct. 9 to exercise the warrant.Price: $207.49, Change: $+30.82, Percent Change: +17.44%

$BE$ORCL

Wire92d ago

Street Color: Lockheed Martin Gets Up to $1.9 Billion Pentagon Contract for C-130J Maintenance, Aircrew Training Program

$LMT

Mining & Metals92d ago

Blue Ant Media Down Near 11% as Q2 Net Loss Widens on Transactions Costs

Blue Ant Media (BAMI.TO), down 11% on last look, said Tuesday that second-quarter net loss widened even as revenue rose.The company said net loss widened by 25% to $6.0 million, or $0.23 per share, from a net loss of $4.8 million, or $0.30 per share, in the prior year period. The increased loss was due to higher costs of $7.4 million, due to recent transactions.Revenue jumped 82% to near $70 million over the same period. The increase was predominantly earned in the company's production and distribution segment from both proprietary and service production, and also reflect the acquisition of three production companies and one month of Thunderbird Entertainment. Strong performance in Global Channels and Streaming also contributed to the favourable year-over-year results, Blue Ant said."Fiscal 2026 is a transformation year for Blue Ant as we position the Company for sustainable long-term growth," said chief executive Michael MacMillan. "Over the past several months, we have completed three strategic acquisitions, including Thunderbird Entertainment in Q2, more than doubling our revenue base and significantly expanding the scale of our studio and rights businesses. We are executing a disciplined integration strategy and are on track to achieve our Thunderbird synergy target."Blue Ant Media shares were last seen down $0.72, to $5.75, on the Toronto Stock Exchange.Price: $5.70, Change: $-0.77, Percent Change: -11.90%

$BAMI.TO

Wire92d ago

UBS Adjusts Price Target on Children's Place to $3.50 From $4.50, Maintains Neutral Rating

$PLCE

Wire92d ago

Illumina, Data-Driven Discovery in Biomedicine Collaborate to Advance Pediatric Cancer, Rare Disease Research

Illumina (ILMN) and the Center for Data-Driven Discovery in Biomedicine said Tuesday they have launched a data partnership to advance research in pediatric cancer and rare diseases.Under the initiative, D3b will analyze 100,000 whole genomes from pediatric patients using Illumina software to build a unified genomic dataset.The data will be made available through the Gabriella Miller Kids First Data Resource Center to support research and clinical insights, the companies said.The dataset will include genomes from patients with rare congenital conditions and cancers collected through federally funded programs, including the Children's Brain Tumor Network.Illumina is also joining the Pediatric Care eXpansion program of the Advanced Research Projects Agency for Health, aimed at accelerating diagnosis and treatment by expanding data-sharing across more than 200 pediatric institutions in the US, according to a joint statement.Price: $129.43, Change: $+2.47, Percent Change: +1.95%

$ILMN

Research92d ago

BofA Securities Initiates Coverage on Janus Living With Buy Rating, $29 Price Target

Janus Living, Inc. (JAN) has an average rating of Buy and mean price target of $27.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $24.68, Change: $+0.69, Percent Change: +2.88%

$JAN

Wire92d ago

BofA Securities Adjusts Apple Price Target to $325 From $320, Maintains Buy Rating

Apple (AAPL) has an average rating of overweight and mean price target of $299.66, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $260.13, Change: $+0.93, Percent Change: +0.36%

$AAPL

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