Daily Management Review
Business & Finance
Stone Ridge completes $1.3 billion purchase of Oklahoma Energy Assets from Conoco

Stone Ridge completes $1.3 billion purchase of Oklahoma Energy Assets from Conoco

Stone Ridge Holdings, via its energy division Stone Ridge Energy (SRE), has finalized the purchase of a collection of Oklahoma energy assets from ConocoPhillips for around $1.3 billion, according to industry source Offshore Technology. After acquiring rival Marathon Oil Corp. for nearly $17 billion...
ByteDance Prices Buyback of TikTok stocks at Over $330 Billion to Signal AI Strength and Bolster Staff Amid U.S. Pressure

ByteDance Prices Buyback of TikTok stocks at Over $330 Billion to Signal AI Strength and Bolster Staff Amid U.S. Pressure

ByteDance has set the price for a new employee share buyback that values the company at more than $330 billion, a strategic move company executives say reflects strong revenue momentum, heavy investment in artificial intelligence capabilities and a desire to stabilise and retain talent amid...
Tariffs are hindering Lamborghini sales among richest Americans

Tariffs are hindering Lamborghini sales among richest Americans

Lamborghini CEO Stephan Winkelmann stated that even affluent buyers are postponing sports car acquisitions due to uncertainty surrounding U.S. import tariffs. The White House and the European Union have recently settled on 15% tariffs, yet automakers continue to incur a higher tariff of 27.5%....
EV Industry Transformed as Competing Battery Technologies Accelerate

EV Industry Transformed as Competing Battery Technologies Accelerate

The global electric vehicle industry is entering a pivotal phase as a wave of competing battery technologies promises to reshape production, supply chains, and vehicle performance. Automakers and startups are racing to develop alternatives to conventional lithium-ion batteries, exploring...
Keurig Dr Pepper may buy JDE Peet's for $18 billion

Keurig Dr Pepper may buy JDE Peet's for $18 billion

The American producer of beverages like soft drinks, tea, coffee, and coffee machines, Keurig Dr Pepper, is nearing a deal to purchase the European coffee producer JDE Peet's for $18 billion, according to The Wall Street Journal, referencing sources. Sources suggest that the agreement could be...
Tesla may refuse producing new Model Y L in the U.S.

Tesla may refuse producing new Model Y L in the U.S.

Elon Musk, Tesla's CEO, mentioned that the newly revealed six-seat Model Y in China might not be produced in the U.S. The electric vehicle known as the Model Y L, manufactured at Tesla's facility in Shanghai, features a longer wheelbase and three seating rows, with a price tag of approximately...
Sony to raise PlayStation 5 prices in the US on August 21

Sony to raise PlayStation 5 prices in the US on August 21

On August 21, Japanese firm Sony Corp. revealed a rise in the suggested retail prices for the PlayStation 5 gaming console in the US. “Similar to numerous international firms, we persist in functioning under difficult economic circumstances,” the organization remarked in a statement shared on its...
Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point

Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point

Coconut oil — long a pantry staple and a flavour hallmark across South and Southeast Asia — has moved well beyond culinary territory to become a strategic commodity with global consequences. Across the region, prices have raced upward amid weather shocks, aging plantations and a sudden surge in...
Novo Nordisk cuts Ozempic price in the US to $499 per month

Novo Nordisk cuts Ozempic price in the US to $499 per month

Danish pharmaceutical firm Novo Nordisk has lowered the cost of the weight loss medication Ozempic for US patients who self-finance the treatment. A monthly treatment regimen (three doses of the medication) will be priced at $499 rather than nearly $1,350 if bought with insurance, reports CNBC....
Saudi Arabia's PIF cuts megaproject investment valuation by $8 billion

Saudi Arabia's PIF cuts megaproject investment valuation by $8 billion

The Public Investment Fund (PIF) of Saudi Arabia has reduced its investments in significant domestic projects by $8 billion due to declining oil prices and various other factors, according to the Financial Times. The fund projected the worth of its investments in Saudi megaprojects to be 211...
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