News Highlights: Top Company News of the Day - Monday at 9 AM ET

Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural 
 

Chevron's Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.

 
Winemaker Duckhorn Agrees to Be Taken Private in $1.95 Billion Deal 
 

Duckhorn Portfolio has agreed to be taken private by Butterfly Equity in an all-cash deal that values the winemaker at $1.95 billion.

 
Activist Starboard Value Takes $1 Billion Stake in Pfizer 
 

The drugmaker's shares have slumped as demand for Covid-19 vaccines and treatments has slowed.

 
Apollo Global to Take Barnes Group Private in $3.6 Billion Deal 
 

Barnes Group has agreed to be acquired and taken private by Apollo Global Management in an all-cash deal that values the company at $3.6 billion.

 
Equinor Buys 9.8% Stake in Orsted as Part of Renewables Push 
 

Equinor plans to allocate more than 50% of its investments in renewable and low-carbon projects by 2050, from around 20% in 2023.

 
Rio Tinto in Talks to Acquire Arcadium Lithium 
 

Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.

 
Old Drug Repurposed for Schizophrenia Could Reap Alzheimer's Windfall 
 

Bristol-Myers' newly approved schizophrenia treatment might be coming full circle.

 
Shell Expects Higher LNG Output But Flags Continued Refining Weakness 
 

Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter's, potentially offsetting continued refining margin weakness.

 
Richemont to Sell e-Commerce Business YNAP to Mytheresa 
 

Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.

 
Chinese Semiconductor Stocks Extend Rally on China's Stimulus Measures 
 

Investor sentiment has been boosted by Beijing's recent package of stimulus measures across multiple policy fronts.

(END) Dow Jones Newswires

October 07, 2024 09:15 ET (13:15 GMT)

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