Wheat Hits Five-Month High After Russia Attacks Ukraine Port
Wheat futures pared gains on reports Russia failed to severely damage a key port that is allowing Ukraine to export grains by river into neighboring countries.
Bloomberg Business
Google Street View to Post First New Pictures From Germany in a Decade
Google Street View’s cameras have returned to Germany more than a decade after a privacy backlash in the country pushed it to stop updating images.
Eli Lilly’s Diabetes Drug Faces More Shortages as Demand Kicks Up
Shortages of Eli Lilly & Co.’s Mounjaro have expanded to include all of the higher doses, showing just how strong demand is for the drug before it even gets formal approval for use in obesity.
Iconic Goldfish Crackers Are a Nearly $1 Billion Brand
Campbell Soup Company is betting on its iconic Goldfish crackers with a $160 million investment, saying the brand is approaching a billion-dollar business.
Summers Calls Biden’s Economic Policies ‘Increasingly Dangerous’
Former Treasury Secretary Larry Summers says he largely supports President Joe Biden’s economic policies but worries about the White House’s focus on industrial policy and outbound investment limits, describing the approach as nationalistic and “increasingly dangerous.”
Mubadala Seeks Co-Investors for Fortress In Effort to Clear US Security Review
Mubadala Investment Co. is testing US investor interest in taking a stake in Fortress Investment Group as it aims to obtain regulatory sign-off on a deal to obtain most of SoftBank Group’s ownership, according to people with knowledge of the matter.
Gasoline Prices in US Rises Most in a Year, Hurting Inflation Fight
US gasoline pump prices rose the most in more than a year and are climbing back toward the highest levels of 2023, threatening to complicate the fight against inflation.
BlackRock Sees ‘Huge Opportunity’ in Cast-Off Banking Assets
BlackRock Inc. is poised to become a bigger buyer of assets that banks unload to improve their capital and liquidity, after concluding that the industry faces years of upheaval brought on by high interest rates, stringent new regulations and possible consolidation.
The Hottest Trade in Equity Options Is Spreading to Commodities
Commodity investors are following a hot trend in equities trading, using short-term options to bet on events from jobs and crop reports to OPEC meetings.
Eni’s Renewables Arm Plenitude On Track to Meet Profit Target, Unit CEO Says
Eni SpA’s Plenitude renewables arm is on track to meet its profit target for 2023, as it prepares to list shares within the next two years and pushes to increase clean power generation, the unit’s chief executive officer said.
