Budweiser maker Anheuser-Busch InBev SA/NV (BUD, ABI.BR) announced that it will invest more than $20 million in its St. Louis brewery and Arnold can manufacturing plant in Missouri to expand production. The investment is expected to upgrade brewery and packaging equipment to boost capacity for fastest-growing...
SThree plc (STEM.L) issued a trading update for the half year ended 31 May 2026. Group net fees were down 7% from prior year, with the rate of decline moderating through the half, supported by strong growth in the USA. Contract net fees declined 8%. SThree plc expects fiscal 2026 performance to be in...
Saab (SAABb.ST) and the French General Directorate of Armaments, Direction générale de l'Armement, have signed a contract regarding Saab's Next Generation Light Anti-tank Weapon. Deliveries are scheduled 2026-2030. The order includes NLAW weapons as well as indoor and outdoor trainers. NLAW is Saab's...
General Motors Company (GM) is holding discussions with Lockheed Martin to supply components for the defense company's weapons, the Wall Street Journal reported, citing people familiar with the matter. Under the proposed arrangement, GM would produce commonly used parts for various munitions programs,...
Gold miner Newmont Corp. (NEM, NEM.AX) announced that it has appointed Brian Tabolt as chief financial officer and Mark Rodgers as chief operating officer. The company also named David Thornton chief technical officer, and promoted David Fry, currently Newmont's Group Head, Global Projects, to executive...
Takeda (TAK, 4502.T) presented additional results from two pivotal studies at SLEEP 2026, showing oveporexton or TAK-861 improved daily functioning as well as cognitive and sleep-related symptoms associated with narcolepsy type 1. The company said these data, along with previously disclosed Phase 3 results,...
Infratil Ltd. (IFT.NZ, IFT.AX) on Tuesday announced leadership changes aimed at supporting the company's ongoing growth, with Chief Financial Officer Andrew Carroll appointed to the newly created role of Chief Operating Officer and Deputy Chief Financial Officer Matt Ross promoted to CFO. Carroll,...
Defense technology company Lockheed Martin Corp. (LMT) announced late Monday that it has received a $514 million contract from the U.S. Space Force to build Global Positioning System IIIF Space Vehicles 23 and 24. According to the firm, the 14 upcoming GPS IIIF satellites will deliver advanced, reliable...
After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Monday. The major averages all showed significant moves to the upside, with the Dow reaching a new record closing high.
NASA's X-59 experimental supersonic plane has reached a major milestone, flying in Mach 1.4 speed and an altitude of 55,000 feet, the conditions required for the aircraft to make future flights critical to its mission. NASA said that the X-59 still has months of performance testing ahead, but after those are complete, its Quesst mission will fly the aircraft over several U.S. communities to c
Stocks have moved sharply higher during trading on Monday, extending the strong upward move seen over the two previous sessions. The major averages have all shown significant moves to the upside, with the Nasdaq and S&P 500 climbing further off last Wednesday's one-month lows. Currently, the major averages are just off their highs of the session.
Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
Monday, Inhibrx Biosciences, Inc. (INBX) announced that the U.S. Food and Drug Administration has accepted for filing its Biologics License Application seeking approval of ozekibart for the treatment of patients with unresectable or metastatic conventional chondrosarcoma, a rare type of cancer. The...
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.