Markets News
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NextEra Energy to Build 3 GW Solar for Arizona Utility Amid Data Center Boom
NextEra Energy will develop 3,000 MW of solar for Salt River Project in Arizona to meet rising power demand from data centers. The first 500 MW are scheduled for 2029.
Pfizer and Arvinas Secure First PROTAC Approval in Breast Cancer
The FDA approved Veppanu, a first-of-its-kind PROTAC pill from Pfizer and Arvinas, for advanced breast cancer with ESR1 mutations. The decision precedes Pfizer's Q1 earnings report.
Soaring Gas Prices Revive EV Budget Debate as Average Hits $4.45
U.S. gas prices surged to $4.45/gallon, sparking renewed interest in electric vehicles despite a 27% Q1 sales drop. The average new EV price fell to $54,508, narrowing the gap with gas models.
Shell's $16.4B ARC Buy Boosts Canadian LNG Ambitions
Shell's $16.4B acquisition of ARC Resources strengthens its position in Canada's Montney shale and LNG Canada terminal, boosting Asian export prospects.
Amkor Raises $1B Via Zero-Interest Notes for AI Packaging Expansion
Amkor Technology has priced $1 billion in zero-coupon convertible senior notes due 2031, with proceeds aimed at funding its advanced packaging expansion for AI chips.
Brookfield Renewable Explores Unifying BEPC and BEP Units to Boost Liquidity
Brookfield Renewable is considering merging its BEPC shares and BEP units into a single security to improve liquidity, following a $2.3 billion net loss and record FFO.
AT&T Secures $6B in Debt as Fiber and 5G Strategy Faces Scrutiny
AT&T completed a $6 billion offering of notes with maturities out to 2066, as the telecom giant funds its fiber and 5G push while managing elevated leverage ahead of the EchoStar spectrum deal.
ASML Shares Dip Amid AI Optimism and China Export Concerns
ASML's U.S. shares slipped 0.83% as a strong 2026 outlook clashes with China export worries. Q1 sales hit €8.8B.
Fitch Upgrades Citigroup Outlook as Fraser Prepares for Key Investor Day
Fitch Ratings revised Citigroup's outlook to positive, citing progress in CEO Jane Fraser's restructuring. Q1 net income hit $5.8B on $24.6B revenue, with shares closing at $127.44.