Germany's Merck KGaA has struck a deal to buy U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 ...

Layoffs have hit companies from HPE to Meta and Boeing already this year amid a backdrop of cost-cutting and technological ...

President Donald Trump's administration has dismissed all contributors to the U.S. government's signature study that informs ...

The latest Financial Times stories highlight economic and political shifts. The IMF adjusted the UK's growth forecast ...

A key pledge of President Donald Trump’s energy policy is to “unleash American energy,” make the U.S. energy industry ...

Donald Trump will reduce the scale of his tariffs against the car industry, officials have said, after pressure from bosses ...

Houston-based energy giant ConocoPhillips is preparing to reduce its workforce as part of a sweeping restructuring plan following its $23 billion acquisition of Marathon Oil. The layoffs, expected to ...

The rig count has dropped under the Trump administration, with the biggest losses reported in Texas, the oil and natural gas capital of the U.S. As of March 28, there were 290 rigs in Texas, down from ...

The global economy has entered a phase of heightened uncertainty, and at the center of this instability stands the United ...

On a weekly U.S. oil production basis, volumes reached an all-time high of 13.63 million barrels per day in early December ...

BP Chair Helge Lund will step down in 2026, initiating a succession process following the company’s strategic reset, according to CNBC. BP focuses on executing its new strategy, improving performance, ...