Shares dropped as much as 16% as the agreement nixed for now the prospects of higher freight rates.
Related Posts
Teva Fined Around $500 Million Over MS Drug Competition Concerns
The European Union fined Israel’s Teva Pharmaceutical 462.6 million euros, saying it abused its market position in a way that might have delayed competitors from […]
BMW Hopes to Be a Steady Hand Amid EV Uncertainty
BMW is sticking to planned investments for its battery-powered future while holding onto its conventional gasoline-fueled roots, its technology chief Frank Weber said in an […]
Volvo Trims Profit Outlook
Carmaker Volvo cut its earnings expectations for 2025, citing complex market conditions and uncertainty around worldwide trade wars.