91ÊÓƵ

Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.

President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.

Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia’s state-owned airline, formalizing a framework deal arranged in late 2022.

Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.’s off-the-road tire business for at least $1 billion, according to people familiar with the matter.

Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.

OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.

A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.

Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.

Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.

OPEC+ is pressing on with informal talks aimed at finalizing an agreement on oil output cuts this weekend, officials said.