BIZ

TL/DR - The United States and Indonesia are discussing a potential minerals partnership aimed at boosting trade of the electric vehicle battery metal nickel. The talks, which will include discussions on the environmental, social, and…

## Huawei's New Chip Shipments Indicate Progress Despite US Export Controls A unit of Huawei Technologies is shipping new surveillance camera chips made in China, hinting that the tech giant is finding ways around the U.S. export controls…

TL/DR - Orrick, Herrington & Sutcliffe has hired John Eliason, formerly co-leader of Greenberg Traurig's energy project finance practice, as a partner in its energy and infrastructure team. Eliason praised Orrick's commitment to energy…

Instacart's IPO Hike In a significant move, the grocery delivery app Instacart has raised its proposed price range for its forthcoming initial public offering (IPO). With its latest terms, the San Francisco-based firm is now aiming for a…

Disney in talks to sell ABC TV network to Nexstar Media Group Walt Disney Co has reportedly engaged in preliminary discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc, according to…

# BP CEO Bernard Looney Steps Down Amidst Investigation into Personal Relationships Bernard Looney, the Chief Executive Officer of (https://www.reuters.com/markets/companies/BP.L), has announced his immediate resignation. Looney's…

UAW Considers Strikes as Contract Deadline Looms As the deadline for new contracts with the Detroit Three automakers approaches, the United Auto Workers (UAW) union is contemplating strikes at targeted auto plants, according to sources…

## Alibaba's New CEO Outlines Strategic Priorities In an internal letter reviewed by Reuters, Alibaba Group's newly appointed CEO, Eddie Wu, has emphasized that the tech giant's strategic focus will be centered on artificial intelligence…

**RTX to Ground Airbus A320neos for Quality Checks** Aerospace supplier RTX announced on Monday that an average of 350 Airbus A320neos will be grounded through 2026. The company's Pratt & Whitney engines unit will be removing the…

New Leadership for Alibaba's Cloud Unit In a surprising recent development, Alibaba's ex-group CEO, Daniel Zhang, stepped down from leading the company's cloud computing unit. The news unsettled investors, causing Alibaba's stock to…