Oracle Challenges Fed-Fiesta
- Here's a summary of the key business news from the provided text, categorized for clarity:
- * Munich Re: Expected to exceed its 2025 strategic objectives.
- * Oracle: Stock price fell 11.5% after-hours following quarterly results.
Here’s a summary of the key business news from the provided text, categorized for clarity:
European Companies:
* Munich Re: Expected to exceed its 2025 strategic objectives.
* Porsche AG: Cost-cutting measures may lead to job losses at its German headquarters.
* Eni: Will present its 2026-2029 strategic plan on March 19, 2026.
* Brunello Cucinelli: forecasts a turnover increase of +11-12% for 2025 (at constant exchange rates).
* SGS: President Calvin Grieder will step down in 2026.
* Deme group NV: Won contracts for the BC-Wind offshore wind farm in Poland.
* Basilea Pharmaceutica AG: Collaborating with Phare Bio to develop a new antibiotic.
* LPP SA, Carl Zeiss, Schott Pharma: These companies have main publications/reports released today.
North American Companies:
* Oracle: Stock price fell 11.5% after-hours following quarterly results.
* Adobe & Chewy: Had lukewarm reactions to their quarterly results.
* Pfizer: Plans to cut hundreds of jobs in Switzerland to reduce costs.
* Warner Bros. Discovery & Netflix: A potential deal is complicated by Donald Trump’s opposition if CNN is involved.