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Universal Music Group (UMG) has appointed Jamie Krents as the new chief executive of its catalog division, Universal Music Enterprises (UMe), as part of a leadership transition announced Tuesday. Krents, who currently leads UMG’s Verve Label Group, succeeds UMe founder Bruce Resnikoff, who will transition to the role of chairman after more than four decades with the conglomerate.
Winter storm Fern is expected to cause up to $4 billion in insured damages across the United States, positioning it as one of the most destructive cold-weather events in history. According to initial modeling from Verisk Analytics, the storm’s impact spans 14 states from Texas to Massachusetts, with freezing temperatures serving as the primary driver of property claims.
Alphabet is scheduled to release its fourth-quarter earnings on Wednesday, with analysts expecting a surge in profit to $31.91 billion as the company scales its Gemini AI model and expands its autonomous driving footprint.
Ivanhoe Mines shares jumped 7.4% on Tuesday following the announcement of advanced negotiations to supply the United States' new $12 billion critical minerals stockpile, known as "Project Vault." The Canadian miner is coordinating with Congo’s state-owned Gecamines and Swiss trader Mercuria to reroute production from its Kipushi mine toward U.S. markets, aiming to bolster domestic supply chains for high-tech manufacturing.
French spirits giant Remy Cointreau has released its mandatory transparency data regarding share capital and voting rights as of December 31, 2025. The disclosure provides investors with the final equity structure and voting power distribution for the group at the close of the calendar year.
PowerBank shares rallied on Tuesday after the renewable energy developer secured $13.7 million in gross proceeds through a common stock offering, providing a capital injection to accelerate its solar and battery storage pipeline.
Industry Minister Melanie Joly announced Tuesday that the Canadian government intends to recover "hundreds of millions of dollars" from Stellantis and General Motors. The move follows significant production pullbacks by both automakers, which officials claim violate the terms of substantial federal subsidies designed to anchor manufacturing in Ontario.
Shares of oilfield services provider RPC tumbled Tuesday after the company reported a surprise fourth-quarter loss, missing analyst estimates as a year-end activity slowdown and volatile crude prices weighed on the bottom line.
Thomson Reuters shares fell more than 17% in Toronto on Tuesday following the debut of a legal automation tool from AI startup Anthropic. The move directly threatens the information giant’s core legal-workflow business, sparking a broader selloff among European professional data providers including RELX and Wolters Kluwer.
Prelude Therapeutics shares climbed Tuesday after the oncology firm secured U.S. Food and Drug Administration clearance to begin human trials for its blood-cancer candidate, PRT12396. The Phase 1 study marks a significant step for the clinical-stage biotech as it pivots toward its core JAK2 and KAT6 development programs.
Mesa Laboratories shares climbed Tuesday after the quality-control tool provider reported a return to profitability in its fiscal third quarter, fueled by stabilizing demand across its core biopharmaceutical markets and a significant earnings beat.
French tire giant Michelin has reached an agreement to acquire Texas-based sealing specialist Flexitallic, a move designed to accelerate the company’s diversification into polymer composites. The deal, expected to close in the first half of this year, aligns with Michelin’s 2030 strategy to expand beyond its core tire manufacturing business into high-growth industrial sectors.
BlackSky Technology shares climbed more than 8% on Tuesday following the announcement of multiple high-value contracts with a new international defense customer. The deal, valued in the seven-figure range, centers on the company’s Gen-3 Assured services, a space-based intelligence suite designed for strategic military operations.
The S&P/TSX Composite Index climbed 0.5% on Tuesday as gains in the materials and energy sectors offset a sharp selloff in tech services. While the broader Canadian market found support in mining and nuclear energy prospects, Thomson Reuters shares plunged 19% following a direct competitive threat from AI startup Anthropic.
U.S. commercial crude oil stockpiles are expected to have held steady last week, according to a Wall Street Journal survey of analysts, as a projected dip in refinery utilization offsets shifting demand for refined products.
J&J Snack Foods stock suffered its steepest intraday decline in nearly four years on Tuesday, falling 13% after the company reported a surprise dip in first-quarter revenue. The maker of Dippin' Dots and Luigi's Real Italian Ice faced a 5.2% drop in net sales, fueled by a weakening bakery business and a temporary disruption in federal food assistance programs.
Uber Technologies is set to report fourth-quarter results on Wednesday morning, with analysts projecting a revenue climb to $14.32 billion as gross bookings continue their upward trajectory. While the company faces a year-over-year dip in net profit due to previous one-time gains, the focus has shifted toward its ability to navigate a looming autonomous vehicle disruption.
Eli Lilly is set to report a surge in fourth-quarter profit and revenue on Wednesday morning, driven by the explosive popularity of its weight-loss portfolio. Wall Street expects the pharmaceutical giant to capitalize on the momentum of its blockbuster treatments as it transitions from addressing supply constraints to aggressive market expansion.
AbbVie is expected to swing to a substantial profit in its fourth-quarter results on Wednesday, driven by rising revenue and the continued expansion of its newer immunology portfolio. Analysts polled by FactSet project a net income of $4.71 billion, a sharp reversal from the loss reported during the same period last year.
Veolia Environnement has released its monthly update on share capital and voting rights, reporting a total of 741,723,437 shares and more than 731 million exercisable voting rights as of January 31, 2026.
Overland AI has raised $100 million in a new funding round to accelerate the deployment of its autonomous ground vehicle technology across the U.S. military. Led by Joe Lonsdale’s 8VC, the investment marks a pivot as the Department of Defense moves from testing experimental robotics to integrating AI-driven hardware into active operations.
Dutch grid operator TenneT Holding has agreed to sell a 25.1% stake in its German subsidiary to the German government for approximately €3.3 billion ($3.89 billion). The deal, executed through state-backed lender KfW, is designed to stabilize the financial foundation of critical energy infrastructure as Germany accelerates its transition to renewable power.
U.S. safety regulators have escalated an investigation into Ford Motor Co.’s F-150 pickup trucks from the 2015-2017 model years following hundreds of reports of sudden transmission failures. The National Highway Traffic Safety Administration (NHTSA) opened an engineering analysis after drivers reported losing control when their vehicles unexpectedly dropped into lower gears at high speeds.
Mueller Industries saw its stock price tumble 11% on Tuesday after the manufacturer warned of a slow recovery for its core markets in 2026, overshadowing record fourth-quarter profits. Despite navigating trade tariffs and rising material costs, the company’s conservative forecast for the coming year prompted a sharp sell-off in morning trading.
Deswell Industries has named Karen Chan Chi Yin as its new Chief Financial Officer, effective Monday, as the manufacturer transitions its executive leadership following the departure of Herman Wong.
Demant shares plunged more than 13% on Tuesday after the Danish hearing-aid manufacturer issued a conservative 2026 forecast and announced plans to eliminate 700 positions. The company’s financial outlook fell short of analyst expectations, reflecting broader macroeconomic volatility and a projected slowdown in the global hearing healthcare market.
MarineMax, the global yacht retailer and marina operator, has received an unsolicited $1.1 billion buyout proposal from investment firm Donerail Group. The all-cash offer of $35 per share seeks to take the company private, representing a significant premium over recent trading averages.
Skeena Resources shares surged Tuesday after the company received the final regulatory approval required to restart production at its Eskay Creek gold and silver project in British Columbia. The granting of the Environmental Management Act permit concludes the permitting phase, clearing the path for the site to transition into commercial development with a projected restart date in the second quarter of 2027.
Toronto-based property services leader FirstService has announced an 11% increase to its quarterly cash dividend, raising the payout from 27.5 cents to 30.5 cents per share. The hike reflects the firm's ongoing strategy to return capital to investors amid steady performance in the North American real estate market.
Relay Therapeutics shares climbed 9% after the U.S. Food and Drug Administration granted Breakthrough Therapy Designation to its experimental drug zovegalisib for the treatment of advanced breast cancer. The designation applies to the drug when used in combination with fulvestrant for patients with locally advanced or metastatic cases.