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TotalEnergies Wins Major Climate Lawsuit, Ordered to Expand Emissions Disclosure

TotalEnergies (TTE) secured a significant judicial victory on Thursday after a Paris court rejected attempts by activists and the City of Paris to force the company to halt new oil and gas developments or slash production volumes.The Paris Judicial Court ruled that France's duty of vigilance law does not hold companies liable for climate risks arising from "all human activity on the planet since the industrial revolution."The court also said it was not within its remit to set emissions reduction targets for the energy firm, stating that "it is not for the court to set TotalEnergies the target to be reached to prevent or mitigate the negative climate impacts resulting from its activity".The ruling marks a setback for environmental campaigners who had sought to use France's 2017 duty of vigilance legislation to compel the oil major to align its business strategy more closely with climate goals.TotalEnergies said it has reduced emissions from its operated assets, known as Scope 1 and Scope 2 emissions, by 28% since 2015, including a 65% reduction in methane emissions since 2020.However, the Paris Judicial Court asked TotalEnergies to update its vigilance plan to include Scope 3 emissions, and the company said it will revise the plan, drawing on its sustainability report, while assessing its next steps.TotalEnergies said it is pursuing investments in electricity and biofuels to help customers lower their carbon footprints and is targeting a 25% reduction in the carbon intensity of energy products sold by 2030, compared with 2015 levels.The French energy major said it had achieved an 18% reduction by the end of 2025.The company argued that reductions in customer emissions also depend on consumer and investment decisions, including the adoption of electric vehicles, heat pumps and low-carbon fuels such as E90 ethanol blends.Price: $78.08, Change: $-0.20, Percent Change: -0.26%

$TTE

Wire38d ago

JPMorgan Adjusts Price Target on Darden Restaurants to $225 From $220, Maintains Overweight Rating

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.28, 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: $209.89, Change: $-2.87, Percent Change: -1.35%

$DRI

Wire38d ago

Sila Realty Trust Shareholders Approve Blue Owl Acquisition

Sila Realty Trust (SILA) said Friday its stockholders approved the company's acquisition by affiliates of Blue Owl Capital (OWL) at a special meeting of stockholders.Under the deal, Sila stockholders will receive $30.38 in cash for each share held, according to a statement.The transaction is expected to be completed on July 1, the company said.

$OWL$SILA

Oil & Energy38d ago

IEA-WLGA Forum Advances Clean Cooking, LPG Supply Security, IEA Says

The International Energy Agency and the World Liquid Gas Association brought together representatives from 17 governments and over 80 industry leaders to strengthen global LPG supply resilience, the IEA said Friday.The forum examined how the ongoing Middle East conflict could affect global liquefied petroleum gas markets and explored practical measures to improve supply security with support from governments, industry executives and international organizations.Participants discussed building more LPG storage, expanding supply sources, creating reserve systems and protecting key energy infrastructure, especially in developing economies and import-dependent African countries.Delegates emphasized that LPG remains essential to global energy security, serving as the primary cooking fuel for 3.4 billion people across the developing world, making resilient supply chains increasingly important.Government representatives and industry leaders also called for closer public-private cooperation to reinforce global LPG supply networks and improve preparedness against future geopolitical and market disruptions.The discussions also advanced the International Energy Agency's Clean Cooking Security Program, which aims to identify policies, investment opportunities, and partnerships that strengthen the resilience of global LPG supply chains.Several governments and private-sector participants expressed interest in joining the task force that is developing the program, highlighting growing international support for coordinated action on energy security and access to clean cooking.The International Energy Agency said expanding access to clean cooking remains a global priority because limited access undermines health, education and economic development while contributing to hundreds of thousands of deaths each year.

Oil & Energy38d ago

EMEA Natural Gas Update: Futures Rally Following Iran's Latest Hormuz Attacks, Threats

European natural gas futures edged higher on Friday, after a vessel was attacked in the Gulf of Oman on Thursday and three LNG tankers abandoned their voyage through the Hormuz on Friday.Front-month Dutch TTF futures were up 0.98%, at 40.80 euros ($46.59) per megawatt-hour, while UK natural gas was up 1.18%, at 97.66 British pence ($1.29) per therm.Both the Dutch TTF and UK Gas were set to end the week down by 2.56% and 3.30%, according to TradingEconomics.On Thursday, the United Nations International Maritime Organization said that it had suspended its evacuation operations through the Strait of Hormuz, after a Singaporean commercial vessel was attacked.IMO's Secretary-General, Arsenio Dominguez, said the decision was taken "to reconfirm that the necessary safety guarantees continue to be in place," while noting that the vessel, which came under attack, did not abide by the IMO's evacuation framework.On Friday, three oil tankers seeking passage through the Strait reportedly retreated after being warned by Iran's IRGC for crossing without authorization, according to an Al Jazeera report, citing Iranian state broadcaster IRIB.Traffic along the strait, which accounted for one-fifth of global LNG flows, looked muted despite its apparent reopening with 12 vessels transiting over the past 24 hours, and 15 currently making the treacherous voyage, according to the Hormuz Strait Monitor.According to Daniel Hynes, a senior commodity strategist at ANZ, this included two cargoes of LNG loaded from Qatar's Ras Laffan export facility. He, however, noted that the latest attacks would likely prompt exporters to re-evaluate short-term plans, which could add to supply constraints.European gas inventories are at 47.43% of capacity, down from 56.91% in the same period a year ago, according to Gas Infrastructure Europe.Inventories were also significantly below the five-year average for this period, at 62.00%, according to the Swiss Federal Office of Energy.

Commodities38d ago

US Natural Gas Update: Futures Edge Higher on Rising LNG Feedgas Flows, Bullish Weather Forecasts

US natural gas futures were up on Friday, amid increased flows to LNG feedgas facilities and bullish near-term weather forecasts.The front-month Henry Hub contract, on the day of its expiry, rose 0.81% to $3.370 per million British thermal units. The benchmark was set to end the week up by 4.06%, according to data from TradingEconomics.Prices were supported by a strong recovery in LNG feedgas flows throughout the past week, with flows expected at 19.13 billion cubic feet on Friday, compared to the 30-day moving average of 18.21 Bcf, as volumes across major facilities recover from spring maintenance.Meanwhile, weather conditions continued to turn bullish, with over two-thirds of the country expected to see above-normal temperatures from July 03 to July 09, according to the National Weather Service, which is expected to increase cooling-related power demand.Natural gas power burn demand is expected to rise to the mid-40s Bcf/d starting next week, driven by heat, according to NRG Energy.On the bearish side, the US Energy Information Administration's Weekly Natural Gas Storage Report showed a net injection of 76 Bcf for the week ended June 19, up from the prior week's 73 Bcf and above market expectations for a 67 Bcf build, according to data compiled by Investing.com.However, the injection was below the 96 Bcf added during the same week a year earlier. They were also broadly in-line with the five-year average for this period, at 75 Bcf.The current inventory condition is being seen as a stable build-up, according to Pinebrook Energy Advisors, even though "the pace of storage growth continues to consistently lag 2025." They further expect next week's figures to "show a sizable injection" ahead of warm weather, which is likely to weigh on storage.

Wire38d ago

Update: Market Chatter: Unilever Weighs Offer for Supplements Maker Thorne Valued at Up to $4 Billion

(Updates with Unilever's response in the last paragraph.)Unilever (UL) is considering a bid for Thorne, a South Carolina-based company that sells dietary supplement pills, valued at up to $4 billion, the Financial Times reported Friday, citing people familiar with the matter.Several other companies are exploring a potential deal for Thorne, which has been put up for sale by its private equity owner, L Catterton, the report said.Unilever declined to comment, while Thorne did not immediately respond to.(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: $60.97, Change: $+0.43, Percent Change: +0.71%

$UL

Wire38d ago

Gordon Haskett Adjusts Darden Restaurants Price Target to $225 From $220, Maintains Hold Rating

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.08, according to analysts polled by FactSet.Price: $210.31, Change: $-2.45, Percent Change: -1.15%

$DRI

Research38d ago

Jefferies Upgrades FuelCell Energy to Buy From Hold

FuelCell Energy (FCEL) has an average rating of hold and mean price target of $18.83, 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: $23.44, Change: $+3.79, Percent Change: +19.26%

$FCEL

Wire38d ago

Kimbell Royalty Partners Files for Resale of 6.93 Million Common Units

Kimbell Royalty Partners (KRP) on Friday filed a prospectus to register the resale of up to 6.929 million common units by selling unitholders.The common units were issued in a private placement completed on June 22 in connection with the company's purchase of mineral and royalty assets under a May 18 agreement.The company said it will not receive any proceeds from the sale of the common units by the selling unitholders.Price: $14.86, Change: $+0.11, Percent Change: +0.75%

$KRP

Equities38d ago

Archer Ltd. Unit Wraps Up $30 Million Senior Bond Tap Issue

Archer Ltd.'s (ARCH.OL) subsidiary Archer Norge completed a $30 million tap issuance of an outstanding senior secured bond.The tap issuance of the bond due Feb. 25, 2030, was priced at 106.25% of par value. Net proceeds were earmarked for general corporate needs, according to a Friday release.The latest tap issue brings the drilling and well services group's total outstanding amount in the series to $447.5 million.

$ARCH.OL

International38d ago

June Michigan Consumer Sentiment Revised Higher From Preliminary Print, Up From May

The University of Michigan consumer sentiment index was revised upwards on Friday to a reading of 49.5 for June from 48.9 in the preliminary estimate, below expectations for a slightly larger revision to 50.0 in a survey compiled by Bloomberg as of 7:30 am ET.That was also above the final reading of 44.8 in May.The current conditions index was revised downwards to 47.7 from a 48.4 preliminary estimate, above the 45.8 reading in May, while the expectations index was revised upwards to 50.7 from 49.3. The index was 44.1 in May.Respondents expected a 4.6% inflation rate over the next year and 3.3% annual inflation over the next five years, down from 4.8% and 3.9% respectively in May.The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate).The headline index is a combination of the current assessment and expectations for the near future. An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending.

International38d ago

June Final University of Michigan Consumer Sentiment 49.5 Vs. Expected 50.0, Preliminary 48.9, May 44.8

Insider Trading38d ago

Dyne Therapeutics Insider Sold Shares Worth $5,646,497, According to a Recent SEC Filing

Jason P Rhodes, Director, on June 23, 2026, sold 267,760 shares in Dyne Therapeutics (DYN) for $5,646,497. Following the Form 4 filing with the SEC, Rhodes has control over a total of 1,089,006 common shares of the company, with 1,089,006 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1818794/000157701426000010/xslF345X05/form4-06262026_120619.xmlPrice: $21.20, Change: $+0.59, Percent Change: +2.86%

$DYN

Commodities38d ago

UK Energy Regulator Advances 16 Long-Duration Electricity Storage Projects for Possible Support

UK's energy regulator Ofgem on Friday identified 16 long-duration electricity storage projects that will advance to the selection phase to qualify for support under its cap-and-floor scheme.The selected projects under a Minded-to-Decision list are located in Scotland, England, and Wales. They use different technologies, including pumped storage hydro, compressed air energy storage, lithium-ion batteries and vanadium redox flow batteries.LDES can help balance power supply and demand, especially for renewable energy, since they can store and release electricity for at least eight hours, according to the statement.Ofgem has opened a consultation, which will run through Aug. 7, to gather stakeholder views on the projects.The energy regulator expects to provide a final list of projects that will qualify under its cap and floor support later this year.

Mining & Metals38d ago

EagleOne Metals Announces OTC Open Market Listing, Terminates Surupampa Deal

EagleOne Metals' (EAGL.CN) shares are now quoted on the OTC Open Market platform under the symbol EGLMF, the company said Friday.The company is also pursuing Depository Trust Company eligibility and plans to apply for an upgrade to the OTCQB Venture Market, it said.The company also decided not to proceed with completion of the proposed acquisition of the Surupampa Project in Peru, added EagleOne."After careful review, we concluded that maintaining financial and capital structure discipline was the most prudent course of action," said CEO Matthew Markin. "While we appreciate the efforts of all parties involved, we believe that not proceeding with the transaction at this time is the right decision for the Company."Shares of the company were last seen unchanged at C$0.20 on the Canadian Securities Exchange.

$EAGL.CN

Insider Trading38d ago

51talk Online Education Insider Bought Shares Worth $4,552,199, According to a Recent SEC Filing

Jack Jiajia Huang, 10% Owner, Director, Chief Executive Officer, on June 16, 2026, executed a purchase for 263,940 shares in 51talk Online Education (COE) for $4,552,199. Following the Form 4 filing with the SEC, Huang has control over a total of 77,003,640 Class A ordinary shares of the company, with 7,297,560 shares held directly and 69,706,080 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1659494/000110465926078013/xslF345X05/tm2619074-1_4seq1.xmlPrice: $16.48, Change: $+1.40, Percent Change: +9.28%

$COE

Wire38d ago

Elevate Service Down 6.3% as it Upsizes Bought Deal Private Placement to C$10 Million

Elevate Service Group (SERV.V) shares fell 6.3% on Friday after it increased its "bought deal" private placement for proceeds of up to C$10 million from C$7 million, it said in a statement on Friday.The company will now issue 5.26 million common shares at C$1.90 apiece. Closing of the offering is expected on or about July 16, subject to conditions.Shares of the company were last seen down C$0.13 at C$1.97 on the TSX Venture Exchange.Price: $1.97, Change: $-0.13, Percent Change: -6.19%

$SERV.V

Commodities38d ago

Correction: Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks

(Corrects the third paragraph to state that May advance trade deficit widened.)The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.6% in Friday's premarket activity, as investors shifted their focus from the US-Iran conflict in the Middle East to technology stocks.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.4% before the start of regular trading.The US advance international trade in goods deficit widened to $105.76 billion in May from $83.01 billion in April, according to data released by the US Census Bureau.June's final University of Michigan consumer sentiment report is slated for a 10 am ET release, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak on Friday.In premarket action, bitcoin was down 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was down 0.2%, ProShares Ether ETF (EETH) declined by 1.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.01%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.8%, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 3% pre-bell as multiple analyst price target cuts followed the company's Q1 earnings announcement.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.HIVE Digital Technologies (HIVE) shares traded down 6.1% in early hours activity after the company priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.03%, the Vanguard Health Care Index Fund (VHT) was up 1.1%, while the iShares US Healthcare ETF (IYH) rose 0.5%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Nuvation Bio (NUVB) stock was down nearly 1% premarket, extending losses from the previous day's 10% fall. The company said late Thursday it priced an underwritten offering of $250 million of 0.75% convertible senior notes due in 2032.EnergyThe iShares US Energy ETF (IYE) was marginally higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down nearly 2% before market open after the company said it is ending its offshore wind business activities in Japan and shutting its Tokyo office by the end of the year.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained by 0.2% and the iShares US Industrials ETF (IYJ) was flat.AerCap (AER) stock was up more than 2% before the opening bell after the company said it delivered the first of three Airbus A321neo aircraft to Azerbaijan Airlines.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.1%, and the iShares US Technology ETF (IYW) was 1.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 2.9%, while the iShares Semiconductor ETF (SOXX) fell by 4.3%.Microsoft (MSFT) shares were up 1.4% in premarket activity after closing the prior day with a 3.5% fall. The Italian Competition Authority said the company faces a formal regulatory investigation into whether it engaged in deceptive marketing during a recent price increase for Microsoft 365.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.1% to $69.70 per barrel on the New York Mercantile Exchange. Natural gas gained by 2.9% to $3.44 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.2%, while the United States Natural Gas Fund (UNG) was 2.5% higher.Gold futures for July were up by 0.4% to $4,063.80 an ounce on the Comex. Silver futures gained by 0.1% to $58.83 an ounce. SPDR Gold Shares (GLD) advanced by 0.4%, and the iShares Silver Trust (SLV) was 0.5% higher.

Dow JonesNasdaq CompositeS&P 500$AER$BETH$BITO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HIVE$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSFT$NUVB$PMR$QQQ$RTH$SLV$SOXX$SPY$TCOM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Mining & Metals38d ago

Zentek Creates Joint Venture to Advance Albany Graphite Project

Zentek (ZEN.V) has formed a joint venture with ALO Graphite Partners focused on advancing the Albany graphite project in Ontario.Strategic Graphite Partners will support U.S. customer engagement, offtake discussions, industry engagement, government relations, and the evaluation of potential funding opportunities for the project, Zentek said Friday.Zentek subsidiary Zentek USA owns 90% of the joint venture, while ALO owns the remaining 10%."Strategic Graphite Partners gives allied-sourced Albany material a footprint inside the U.S. value chain, where it can be qualified by U.S. customers and emerging government-supported programs," Zentek CEO Moe Jiwan said.Ultra-high-purity graphite from Albany can be used in energy, defense, and national security markets, Zentek said.Price: $0.55, Change: $-0.01, Percent Change: -1.79%

$ZEN.V

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Commodities38d ago