Highlights: May 9, 2022 - May 15, 2022
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Stellantis to invest $2.8 billion in Canadian EV manufacturing, add hundreds of jobs
Stellantis is investing $2.8 billion in its assembly plants here and in Brampton. The company also plans to expand its Automotive Research and Development Centre (ARDC) to accelerate the company's move to electric vehicles...Westpac new tech hub to bring up to 200 jobs to Queensland
Westpac, an Australian bank and financial services provider, announced the opening of a new technology engineering hub on the Gold Coast, which will create up to 200 additional jobs in the state over the next few years...Norway offers agriculture $1 billion
The state presented its offer to the Norwegian Farmers' Association and the Norwegian Farmers' and Smallholders' Association in this year's agricultural negotiations...Brookfield buys Watermark Lodging Trust for $3.8 billion in cash
Private real estate funds managed by Brookfield Asset Management agreed to buy Watermark Lodging Trust...Primark intends to train 275,000 cotton farmers in more sustainable farming by 2023
Ireland-based fashion retailer Primark has announced a major expansion of its Sustainable Cotton Programme...ArcelorMittal invests $150 million in Michoacan
ArcelorMittal Mexico, one of the most important steel companies in Latin America, will invest $150 million to boost mining in Michoacan, Mexico, according to state Governor Alfredo Ramirez Bedolla...White Mountains to sell NSM to Carlyle in $1.775 billion deal
White Mountains Insurance Group announced that it has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle...TreeHouse Foods Q1 net loss $3.0 million
TreeHouse Foods reported a net loss of $3.0 million or $0.05 per share, compared to net income of $1.5 million or $0.03 per share in the prior-year quarter...Tyson Foods Q2 profit increases
Tyson Foods announced earnings for its second quarter that increased from last year...Community First Bancorporation Q1 earnings increased 221%
Community First Bancorporation, parent company for Community First Bank, and SeaTrust Mortgage Company, announced its financial results for the first quarter of 2022...First Quantum approves $1.25 billion expansion of Zambia operation
First Quantum announced that its board approved a $1.25 billion expansion of its Zambia operation...Azul Q1 revenue increased 74.9%
Azul announced its results for the first quarter of 2022...Atlantic Building Components & Services to create 105 jobs in Robeson County, North Carolina
Atlantic Building Components & Services, Inc. will locate a new manufacturing facility in Robeson County, North Carolina, creating 105 jobs...AUB to acquire Tysers for $613 million
AUB Group, an Australia equity-based insurance broker network, has reached an agreement to acquire wholesale broker Tysers fro Odyssey Investment Partners for a sale price of AUD $880 million ($613 million)...BioNTech Q1 profit surges
BioNTech reported significantly higher profit and revenues in its first quarter mainly with strong demand for COVID-19 vaccine...Fraport EBITDA grew by 75.9 percent
During the first three months of 2022, Fraport's business performance continued to be affected by the coronavirus pandemic, as well as the initial impact on aviation from Russia's invasion of Ukraine...TPG Telecom to sell assets to OMERS for $950m
TPG Telecom has entered into a binding agreement to sell 100% of its passive mobile tower and rooftop infrastructure to OMERS Infrastructure Management (OMERS) for $950 million...Pfizer to buy Biohaven for $11.6 billion
Pfizer said on it will buy migraine drug maker Biohaven Pharmaceutical Holding Company for about $11.6 billion in cash...Occidental Q1 net income $4.7 billion
Occidental announced net income attributable to common stockholders for the first quarter of 2022 of $4.7 billion, or $4.65 per diluted share, and adjusted income attributable to common stockholders of $2.1 billion, or $2.12 per diluted share...Hyatt Q1 net loss $304 million
Hyatt reported first quarter 2022 financial results...Novelis to invest $2.5 billion to open Alabama aluminum plant, create 1,000 jobs in Baldwin County
Novelis plans to invest more than $2.5 billion to build a new low-carbon recycling and rolling plant in Baldwin County, Alabama...Krispy Kreme Q1 net revenue grew 15.8%
Krispy Kreme reported strong financial results for the first quarter ended April 3, 2022 with net revenue growing 15.8% year-over-year to $372.5 million while organic revenue grew 15.0% to $370.1 million with high growth across all three segments...Tennessee: Prisma Nashville to expand operations in Davidson County, create 109 new jobs
Prisma Nashville announced the company will invest $12 million to expand operations in Davidson County, Tennessee...Alabama: Airbus expansion project adding 1,000 jobs in Mobile
Governor Kay Ivey joined Airbus officials, Mobile leaders and education professionals at a community event to celebrate the aerospace company's new growth plans at its Alabama manufacturing facility...Max Solutions will create 150 new jobs in Cabarrus County, North Carolina
Max Solutions will create 150 new jobs in Cabarrus County, North Carolina...Arrowhead Pharmaceuticals to create more than 230 high-paying jobs in Verona, Wisconsin
Arrowhead Pharmaceuticals wiil invest $220 million into expansion in Verona, Wisconsin that will create more than 230 high-paying jobs...Walt Disney Q2 profit cut in half
Walt Disney reported second quarter profit of $470 million or $0.26 per share, compared with last year's profit of $901 million or $0.49 per share...COSMOIND to create 168 new jobs in Nash County for first North American operation
COSMOIND will create 168 new jobs in Nash County, North Carolina...State of Georgia's April net tax revenues up 78.9 percent
The State of Georgia's net tax collections for April totaled $5.01 billion, for an increase of $2.21 billion, or 78.9 percent, compared to April 2021, when net tax collections totaled $2.80 billion. ...Champion Home Builders will create 182 jobs in Scotland County, North Carolina
Champion Home Builders will expand its North Carolina operations to create 182 jobs in Scotland County...State of Georgia: Saint-Gobain ADFORS North America to create 400 new jobs in Laurens County
Saint-Gobain ADFORS North America will invest $28 million to expand its operations at its Dublin, Georgia, manufacturing facility, creating 400 new jobs over the next two years in Laurens County...TAQA Group's net income up 37%
Abu Dhabi National Energy Company (TAQA) reported consolidated financial results for the three months ended March 31, 2022...Philip Morris will acquire Swedish Match for $16b
Philip Morris International made a public offer to acquire Swedish Match for cash valued at Swedish Krona (SEK) 106 per share for a total consideration of SEK 161.2 billion (equivalent to $16 billion)...U.S. datacenter operator Switch to be purchased for $11 billion
U.S. datacenter operator Switch is to be purchased by private investors led by DigitalBridge Investment Management in an all-cash transaction for approximately $11 billion...Taiho Pharmaceutical to buy Cullinan Pearl in up to $405m deal
Taiho Pharmaceutical has signed an agreement under which the company will acquire Cullinan Oncology subsidiary, Cullinan Pearl, in a deal valued at up to $405m...Saudi Aramco Q1 net income increased 82%
The Saudi Arabian Oil Company (Aramco) announced its first quarter 2022 financial results, posting an 82% year-on-year (YoY) increase in net income to $39.5 billion...UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion
United Arab Emirates-based telecoms company e& has bought a 9.8% stake in Vodafone for $4.4 billion... ■