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The transaction involved the sale of over 55.85 million common shares at $25.72 each, resulting in gross proceeds of approximately $1.44 billion.

EOG said it expects to fund the acquisition through $3.5 billion of debt and $2.1 billion of cash on hand.

At the time of writing, U.S. West Texas Intermediate (WTI) crude futures were down 1.50% at $60.03 per barrel.

Trump is set to deliver his remarks at 5 p.m. ET on Friday at a U.S. Steel facility in Pennsylvania, a key swing state he carried in the 2024 election.

The GenAI-powered tool will automate SAS code migration, reduce manual effort, and accelerate cloud modernization across various industries.

Summit now intends to file a Biologics License Application (BLA) with the U.S. Food and Drug Administration seeking approval for Ivonescimab plus chemotherapy based on the results of the trial.

The apparel maker expects Q2 revenue to be flat year-on-year, while for the rest of the fiscal year 2025, the firm believes Trump’s tariffs could result in a $100 million hit to its operating income.

According to Bloomberg, the list includes $331 million previously allocated to Exxon Mobil for a hydrogen initiative and $170 million intended for Kraft Heinz.

Central to Palantir’s expansion within the federal framework is its Foundry platform, which is now in use at agencies such as the Department of Homeland Security and the Department of Health and Human Services.

Gilead Chief Commercial Officer Johanna Mercier told Reuters that the company is eyeing a “global approach" to the launch of Lenacapavir.