January 21, 2026 11:02 am
Key Moments Chevron is in final talks with Eneos and Glencore to sell Singapore refining and distribution assets. The package includes Chevron’s SRC refinery stake, the Penjuru terminal, and regional Caltex retail networks. The deal could exceed $1 billion. The sale is part of Chevron’s broader plan to divest Asian refining and storage assets to […]
Read moreJanuary 21, 2026 10:42 am
Key Moments Meta’s new AI lab delivered its first major models internally this month, the company’s CTO said. The models were built by the Meta Superintelligence Labs team formed last year and show “a lot of promise.” Meta’s AI push remains under scrutiny after leadership changes, the new lab launch, and aggressive talent hiring. Internal […]
Read moreJanuary 21, 2026 8:21 am
Key Moments Frankfurt-listed Netflix shares dropped 7% in early Wednesday trading after the latest fourth-quarter results. The company exceeded expectations for both fourth-quarter revenue and earnings but remains engaged in a heated contest for Warner Bros Discovery. Netflix plans to halt share repurchases to build cash for the proposed Warner deal, with its stock down […]
Read moreJanuary 21, 2026 7:45 am
Key Moments Elon Musk said initial Cybercab and Optimus production will start “agonizingly slow” before speeding up. Tesla reiterated it still plans volume Cybercab production in 2026. The shift to robotaxis and robotics comes as Tesla faces declining vehicle sales and rising competition. Musk Says Early Production Will Be Slow Tesla CEO Elon Musk said […]
Read moreJanuary 20, 2026 3:14 pm
Key Moments Jefferies expects IT services companies to post fourth-quarter 2025 results that are in-line with or slightly above market forecasts. Cognizant, EPAM Systems, and Grid Dynamics all hold Buy ratings at Jefferies, supported by AI initiatives and managed services momentum. Analysts see potential for conservative 2026 guidance after three difficult years, which could set […]
Read moreJanuary 20, 2026 2:04 pm
Key Moments 3M projected 2026 adjusted earnings of $8.50 to $8.70 per share, with the midpoint just below the $8.61 per-share consensus. Consumer segment sales in the fourth quarter declined 1.2% year on year, while other business segments registered growth. Fourth-quarter adjusted profit of $1.83 per share and adjusted revenue of $6.02 billion both came […]
Read moreJanuary 20, 2026 1:46 pm
Key Moments ServiceNow shares rise more than 2% in premarket trading after reports of a three-year AI deal with OpenAI. The agreement would allow customers to use OpenAI models inside core IT, customer service, and operations workflows. The pact reportedly includes a revenue commitment and plans for AI voice and computer-use agents. Market Reaction ServiceNow […]
Read moreJanuary 20, 2026 10:59 am
Key Moments PhonePe secured approval from India’s market regulator for its planned IPO after a confidential filing in September, according to two sources. Existing shareholders Walmart, Microsoft and Tiger Global are expected to sell part of their stakes in the public offering. PhonePe reduced its annual loss to 17.2 billion rupees in the year ended […]
Read moreJanuary 20, 2026 9:59 am
Key Moments RAPT Therapeutics Inc (NASDAQ:RAPT) surged 63.6% after GSK plc (LON:GSK) agreed to purchase the company for $58 per share in an all-cash deal valuing RAPT at $2.2 billion. The acquisition centers on RAPT’s anti-IgE antibody ozureprubart, now in Phase IIb development for prophylaxis against multiple food allergens, with Phase IIb prestIgE data expected […]
Read moreJanuary 20, 2026 8:31 am
Key Moments Goldman Sachs upgraded On Holding AG (NYSE:ONON) to Buy from Neutral after a sharp de-rating over the past year. The bank raised its 12-month price target to $59 from $52, implying roughly 31% upside from the latest close. Goldman forecasts revenue, EBITDA, and EPS growth at a >20% CAGR through 2028E, driven by […]
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