07:19 AM EDT, 05/29/2024 (MT Newswires) -- VinFast (VFS) is planning to further delay its plan to build a $4 billion factory in North Carolina, Reuters reported Wednesday, citing an unnamed source. The completion of the project was previously postponed to 2025 from the initial target of July 2024. The company is currently mulling another delay, the report said. VinFast...

07:21 AM EDT, 05/29/2024 (MT Newswires) -- Merck ( MRK ) has entered into a definitive agreement to acquire Eyebiotech, a privately held biotechnology company, for up to $3 billion, the companies said Wednesday. Merck ( MRK ) said that, through a subsidiary, it will make an upfront payment of $1.3 billion in cash and a further potential $1.7 billion...

07:21 AM EDT, 05/29/2024 (MT Newswires) -- Vaalco Energy ( EGY ) said Wednesday that it has started production at four new oil wells in Canada. Three of the four wells are initially producing about 500 barrels of oil per day while the fourth was producing 350 barrels of oil per day before it was shut for a regulatory-required pressure...

07:23 AM EDT, 05/29/2024 (MT Newswires) -- Obsidian Energy ( OBE ) announced its latest acquisition of oil assets and also increased production guidance. The company will acquire 1,700 boe/d (100% oil, based on April 2024 actual production) of Clearwater production and 148 net sections of land in the Peace River area from a third-party, for $76 million (net of...