Tessenderlo Group has completed the acquisition of a 20% stake in US crop protection firm FMC Corp for approximately $403 million. The deal grants Tessenderlo a board seat and aligns with their agriculture and industrial solutions portfolio.
CDC vaccine policy recommendations have stalled after Health Secretary Kennedy disrupted the advisory committee, leaving newly approved vaccines like mFlusiva without official endorsement. Legal challenges and administrative changes now create uncertainty regarding vaccine coverage and scheduling.
New data from the Association of American Railroads shows North American chemical rail traffic continues near year-ago levels. During the week ended Sept. 19, chemical railcar volume totaled 48,677 carloads, up 5.3%.
BASF confirmed exploratory talks with RAG-Stiftung and Evonik Industries regarding a potential takeover of the specialty chemicals firm. The outcome remains open as BASF evaluates strategic acquisition options to strengthen core businesses.
North American chemical rail traffic remained near year-ago levels in September, totaling 48,677 carloads for the week ended Sept. 19. Regional data indicates growth in the US and Canada against trendlines, while Mexican volumes declined significantly.
Driven by the Middle East crisis and peak seasonal demand, US and European diesel prices have reached record highs. US averages rose 85% year-on-year to $6.53 per gallon, while German and French benchmarks also hit all-time peaks.
Anmol Industries filed for an $188 million IPO after net profits jumped five-fold to 1.91 billion rupees. The Kolkata-based biscuit maker competes with major rivals like Britannia and ITC in India's food sector.
A chemical leak at BASF's Shanghai facility reportedly disrupted polyurethane raw material prices, alongside China's first export of a complete F-class heavy gas turbine. National power generation capacity also reached 4.1 billion kW in the first eight months.
The EU Commission initiated an antidumping investigation into PVC imports from China, South Korea, Mexico, and Taiwan due to alleged price distortions and market harm. The probe will examine dumping and injury trends, with conclusions expected within one year.
Hodogaya Chemical has completed its acquisition of Hungarian API producer Framochem to strengthen its specialty chemicals business and establish a Japan-Europe manufacturing hub. The move aims to expand phosgene derivative capabilities while deepening European market presence.
The White House considers tax suspensions and export limits to curb soaring diesel prices, impacting refiners and global markets. State governors simultaneously waive off-road diesel restrictions for farmers facing record fuel costs.
US Senate negotiators discuss a bipartisan deal to expedite permitting for power lines and natural gas pipelines, though a vote may be delayed until after November elections. The agreement targets infrastructure reform affecting renewable energy projects and electricity costs.
ECB Vice President Boris Vujcic warned that high diesel prices driven by refining shortages and geopolitical conflicts threaten to fuel euro zone inflation. Supply disruptions from Ukraine and the Middle East are exacerbating energy cost pressures.
Star Meat Delivery Inc. is recalling over 167,000 pounds of raw meat nationwide due to falsified USDA inspection stickers. While no illnesses have been reported, the agency warns the products may contain contaminants.
The European Union faces an energy price crisis linked to supply issues from the Iran conflict, prompting Commissioner Dan Jorgensen to urge member states to curb demand and maintain gas storage levels ahead of winter.
Two University of Mississippi students died, prompting authorities to warn against kratom despite unconfirmed links. The incident reignites debate over the herbal supplement's safety, regulatory status, and increasing usage across the U.S.
Nigeria's NNPC confirmed a final investment decision on an $800 million offshore gas project by Amni International and TotalEnergies, which will supply Nigeria LNG's Train 7 expansion and boost annual production capacity to 30 million tonnes.
Colombia anticipates over $3 billion in foreign investment across pharmaceuticals, energy, and mining sectors following a pro-business policy shift. The government plans to revive oil exploration and position the country as a key supplier of food and medicine to Venezuela.
A new poll indicates 72% of Albertans favor staying in Canada before an October referendum, coinciding with government agreements to relax environmental rules and boost oil and gas production.
Starbucks announced plans to close 250 North American stores, citing financial results and customer experience goals. The restructuring will incur $300 million in charges and impact 20 unionized locations.
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