Estée Lauder secures Barclays upgrade as stock rises
Estée Lauder (NYSE:EL) secured an overweight rating from Barclays as premarket shares increased 2.2% to $93.98.
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Estée Lauder (NYSE:EL) secured an overweight rating from Barclays as premarket shares increased 2.2% to $93.98.
Alvotech (NASDAQ:ALVO) received U.S. FDA approval to manufacture SIMLANDI drug substance in a second production suite at its Reykjavik facility.
Taiwan's Foxconn, the world's largest contract electronics maker and Nvidia's (NASDAQ:NVDA) biggest server manufacturer, reported a 47% year-over-year jump in third-quarter revenue.
Brent crude fell 0.7% to $101.59 a barrel on Monday while West Texas Intermediate dropped 1.2% to $90.05 as rising Middle East exports and emergency reserve releases increased available supply.
Suncor Energy (NYSE:SU) agreed to sell stakes in Terra Nova, White Rose and West White Rose to Ithaca Energy for C$1.2 billion in upfront cash.
Spanish Prime Minister Pedro Sánchez called an early election for Nov. 29 after parliament rejected a housing plan last week that his government had hoped would quell mounting social protests. Bloomberg's Rodrigo Orihuela reports.
e.l.f. Beauty (NYSE:ELF) launched e.l.f. POP in fragrance and body care, starting with three Tromsø-inspired holiday products priced from $12 to $13.
DBS Group Chief Investment Officer Hou Wey Fook says AI-led earnings growth continues to underpin major technology stocks while investment-grade bonds yielding above 5% offer an attractive source of income and portfolio stability. He joined Bloomberg's Insight with Haslinda Amin
Schneider Electric said it is acquiring US-based engineering software developer PTC for an implied enterprise value of $23.7 billion. The French conglomerate will buy PTC for $205 per share in an all-cash deal. Bloomberg's Manuel Baigorri breaks down the situation.
TWG Tea Co-Founder Taha Bouqdib examines how El Nino-driven weather disruptions are reshaping global tea and coffee markets, affecting crop yields, supply chains and pricing. He also highlights how TWG Tea is navigating market volatility, investing for long-term growth, and scaling its global footprint. He speaks with Haslinda Amin on "Insight with Haslinda Amin."
Critical minerals and data centers remain top investment opportunities in Africa, according to Bloomberg Businessweek's latest Investors Guide to Africa. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja reports
European asset management firm Eurazeo has opened its first Middle East office in Abu Dhabi. Mathieu Teisseire, Eurazeo, Head of Investor Relations told Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on why they decided to expand in the region despite the geopolitical tensions.
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