Debt-laden oil majors retreat amid rally

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Debt-laden oil majors retreat amid rally

The wreckage of 2020 still looms large in the boardrooms of Big Oil as executives last week laid out deep spending cuts and plans to repay stubbornly-high debt even as crude rallies to the highest in more than a year. Royal Dutch Shell on Thursday added …
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Bayer announces agreement with plaintiffs' counsel on class plan

Plaintiffs’ class counsel are filing today a motion for preliminary approval of the class agreement with Judge Vince Chhabria of the U.S. District Court for the Northern District of California, who presides over the Monsanto Roundup™ multi-district litigation.
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Barstool rebrand lifts sports betting for gaming company

BOSTON — Results from other states where Penn National Gaming, the operator of Plainridge Park Casino, has launched its Barstool Sports-branded sports betting offerings offer a peak at the power of the Barstool brand and the potential to boost gaming …
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Philip Morris Climbs on Earnings. CFO Cites Transformation.

While shipment volumes of traditional combustible products, such as cigarettes, slipped 12% in the quarter, volume rose 27% for iQOS, the company’s heated-tobacco cigarette alternative. For the first quarter, …
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What Senator Klobuchar's Antitrust Bill Means for Big Tech, and Which Companies Have the Most to Lose

The new legislation would require companies with a dominant position in their market to prove that a deal doesn’t “create an appreciable risk of materially lessening competition.” That could be a very high bar to clear.
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