Benzinga · Jan 4, 2023
FDA Permits Pharmacies To Distribute Abortion Pills, Tesla's Aggressive Discounting May Have Hit Gross Margins, Goldman Sachs Bullish On M&A Activity In Late 2023: Top Stories Today
Reuters Goldman Sachs Bullish On M&A Deals Activity Picking Up In Late 2023 Goldman Sachs Group Inc (NYSE: GS) seems to be bullish on the recovery of global mergers & acquisition deals in the second half of 2023 despite slow economic growth and a weak credit market. The projections come after global M&A activity fell almost one-third to $3.78 trillion in 2022 from a record $5.91 trillion in 2021, according to Dealogic data. Chevron Eyes First Cargo Export Of Venezuelan Crude After Winning US License U.S. oil producer Chevron Corp (NYSE: CVX) plans to export its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery after bagging a U.S. license in 2022. The 500,000-barrel cargo of Hamaca heavy crude, to be loaded at state-run PDVSA's Jose port, comes from the Petropiar oil joint venture operated by both companies. Another Chevron-chartered vessel, the UACC Eagle, arrived on Tuesday in Venezuelan waters, carrying some 500,000 barrels of heavy naphtha to help operate Petropiar's crude upgrader. SEC Charges Former CFO of SPACS For Fund Embezzlement The SEC disclosed fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp (NYSE: AGAC), a special purpose acquisition company, for stealing over $5 million from the company and investors in two other SPACs that he incorporated. From June 2021 through July 2022, Morgenthau allegedly embezzled money from African Gold and stole funds from another SPAC series, Strategic Metals Acquisition Corp I, and II. Morgenthau allegedly concealed unauthorized withdrawals by falsifying African Gold's bank account statements. Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal Tokyo Gas Co Ltd's (OTC: TKGSY) (OTC: TKGSF) unit is reportedly in advanced talks to buy Rockcliff Energy from Quantum Energy Partners for about $4.6 billion. The unit, TG Natural Resources, which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Castleton Commodities International (CCI) owns the rest of TG Natural Resources. Wall Street Journal Microsoft Nears Workers' Union Debut In US A group of Microsoft Corp (NASDAQ: MSFT) employees voted to mark the debut of ...
