UK Services Growth Slows as Fuel Costs Drive Inflation Higher
The UK services PMI eased to 52.1 in September as fuel costs lifted input inflation and businesses raised prices at the fastest pace since May.
Schneider Electric Agrees to Buy PTC for $22.6 Billion
Schneider Electric agreed to acquire industrial software company PTC for $205 per share in cash, valuing PTC’s equity at about $22.6 billion.
CSL Strikes Rare-Disease Drug Deal With Alentis Worth Up to $1.6 Billion
CSL will pay Alentis $355 million upfront to co-develop lixudebart, with potential commercial milestones lifting the deal’s value to about $1.6 billion.
Oil Slips as G7 Reserve Release and Middle East Exports Add Supply
Oil prices edged lower as the G7 began a 100-million-barrel reserve release and Middle East exports recovered, though shipping attacks kept supply risks elevated.
Iran’s Oil Minister Resigns as Hamid Bovard Takes Interim Role
Mohsen Paknejad resigned as Iran’s oil minister, and National Iranian Oil Company chief Hamid Bovard was appointed acting minister.
OPEC+ Holds November Oil-Production Targets Steady
Seven OPEC+ members will keep November production requirements at September levels as actual output remains constrained and attention shifts to 2027 quotas.
Supreme Court Opens New Term With Major Boulder Climate-Liability Case
The Supreme Court will begin its new term with arguments over whether Boulder County's climate-liability lawsuit against oil companies may proceed under state law.
Nearly 1,400 Workers Laid Off at Springfield, Ohio Truck Plant
Nearly 1,400 workers were laid off September 30 at a former Navistar truck plant in Springfield, Ohio, creating an immediate shock for the Dayton-area economy.
Target Cuts Prices on Nearly 2,000 Home and Apparel Items
Target says it has lowered prices on nearly 2,000 home and apparel items ahead of the holiday season. Here are examples and the limits shoppers should check.
OpenAI Parts Ways With Three Researchers Over Information-Handling Claims
OpenAI confirmed it parted ways with three researchers over alleged mishandling of sensitive information, while declining to detail the material involved.