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...Novavax shares closed 98.7 per cent higher on Friday in New York at $8.88, moderating from a gain of as much as 146 per cent earlier in the session, following the announcement....
...Shah Capital now owns 6.7 per cent of Novavax, having first bought into the company in the last quarter of 2022....
...Last week Icahn Enterprises reported its net assets had dropped about 7 per cent in the fourth quarter to $4.8bn....
...Revenue was up 7 per cent year on year to $4.6bn and operating margins ticked up slightly to 41.6 per cent....
...Pioneer’s more than tripled to $7.9bn from $2.1bn in 2021, its previous record. EOG, which reported on Thursday night, earned $7.8bn, up from $4.7bn the previous year....
...Now as in 1984, everyone loves a happy ending. ★★★☆☆ In cinemas from April 7...
...Then, in the shale bust of 2014-16, many energy firms once rated low-IG slid to high-HY, becoming one of the biggest segments in HY....
...Scott Sheffield is retiring as head of shale giant Pioneer Natural Resources. Allen & Overy has promoted 36 new partners....
...Same-store sales rose 7.6 per cent in the third quarter; a bit less than half of that came from price increases. That’s good growth, but a lot slower than 2021....
...That makes Buffett’s investment group one of the lender’s largest shareholders, with a 9.7 per cent stake, according to data provider Refinitiv....
...The fundamentals are there: Ben and Jerry’s gives 7.5 per cent of pre-tax profits to charity and a fair deal to its farmers....
...The US pharmaceuticals group on Monday said it would buy the stake at a price of €9.49 a share — a 20 per cent premium to Valneva’s closing price on Friday of €7.94 — via a reserved capital increase....
...Music rights holders have confronted Jeff Bezos for showing “wilful blindness” to unlicensed songs on the Amazon-owned streaming platform Twitch, as they step up a campaign for royalty payments....
...US natural gas prices are still a bargain compared with Europe or Asia, but they have recently soared to the highest level since 2008 to surpass $7 a million British thermal units....
...A person familiar with the matter told Scoreboard that IMG will continue to earn royalties based on the deals the agency secured on her behalf....
...The overall figure for all companies in the study was 7.4 to one....
...But the shale boom has made the industry a key contributor to the public purse in states such as North Dakota and New Mexico....
...Merck last month signed a royalty-free deal last month with the MPP to boost access to its antiviral pill to treat Covid-19 in low-income nations....
...The royalty-free deal with the MPP should boost global supplies of Pfizer’s antiviral pill....
...A version of this article was first published by Nikkei Asia on September 12, 2021. ©2021 Nikkei Inc. All rights reserved....
...Other recent deals include the $7.6bn takeover of US shale group Parsley Energy by Pioneer Natural Resources, Chevron’s $13bn plan to buy Noble Energy and Devon Energy’s $12bn deal to combine with rival...
...Chevron paid a mere 7.5 per cent premium for Noble. To appreciate how low that is, look back 18 months to when Occidental Petroleum shelled out $56bn, including debt, for Anadarko Petroleum....
...This means that a UK resident, for example, pays no Portuguese tax on UK rental income, dividends and royalties for a 10-year period, and a flat pension tax rate of just 10 per cent as well as a 20 per cent...
...She called that proposition a “non-starter”, the latest episode in a long-running feud that has divided the top echelons of pop royalty....
...The rate is likely to reach 17 per cent by the end of the year Mr Rosenthal added, just off the record of 19.7 per cent set in January 2017....
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