09:33 AM EST, 02/07/2025 (MT Newswires) -- Chevron ( CVX ) is expediting the expansion of the Tengiz oilfield in Kazakhstan, which started in January, Reuters reported Friday, citing two sources familiar with the matter. One of the sources told Reuters that the expansion's ramp up is likely to be completed by the end of February. According to the news...

09:20 AM EST, 02/07/2025 (MT Newswires) -- Ascentage Pharma ( AAPG ) said Friday that underwriters of its US initial public offering have partially exercised an over-allotment option to buy an additional 935,144 American depositary shares at the IPO price of $17.25 per ADS. After the partial exercise of the over-allotment option, the total number of ADSs sold in the...

09:34 AM EST, 02/07/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is set to receive a $40 billion primary investment from SoftBank at a $260 billion pre-money valuation, CNBC's David Faber reported Friday, citing sources. The new funding would make SoftBank the AI startup's top backer, surpassing Microsoft ( MSFT ), according to the report. OpenAI and SoftBank...

Fortive Corporation ( FTV ) shares are trading lower after the company reported fourth-quarter results. Revenue grew 2% year-over-year (Y/Y) to $1.620 billion, missing the consensus of $1.624 billion. Core Growth Sales by segments: Intelligent Operating Solutions $710.8 million (+4.1% Y/Y), Precision Technologies $567.7 million (-0.4% Y/Y) and Advanced Healthcare Solutions $341.8 million (+3.2% Y/Y). The company’s adjusted operating margin is up 100 basis points Y/Y to 28.7% in the quarter. Adjusted EPS of $1.17, beating the consensus of $1.12....