BP to sell U.S. midstream assets to Sixth Street for $1.5 billion

The United States is pushing for UN sanctions against seven vessels linked to North Korea's export activities. This move is significant as it aims to curb the country's illicit trade and reinforce international efforts to hold North Korea accountable for its actions. By targeting these vessels, the US hopes to disrupt the flow of goods that support North Korea's controversial programs, thereby promoting global security and stability.

The US manufacturing sector is facing significant challenges as concerns over tariffs continue to loom. This downturn is not just a statistic; it affects jobs and economic stability across the country. With manufacturers struggling to cope with rising costs and uncertainty, the implications could ripple through the economy, impacting everything from consumer prices to employment rates.

Iraq's Prime Minister has stated that the country can only disarm various factions once the United States completes its withdrawal. This statement highlights the complex relationship between Iraq's internal security and foreign military presence, emphasizing the challenges Iraq faces in establishing full sovereignty and stability.

AstraZeneca has received strong support from its shareholders for its decision to list on the New York Stock Exchange, marking a significant pivot towards the US market. This move is important as it not only enhances the company's visibility and access to capital but also aligns with its growth strategy in a key market. The backing from shareholders reflects confidence in AstraZeneca's future prospects and its commitment to innovation in the pharmaceutical industry.

Big manufacturing economies are facing significant challenges as US tariffs impact their order books. This situation is crucial because it highlights the ripple effects of trade policies on global supply chains and economic stability. As manufacturers struggle to adapt, it raises concerns about job losses and economic growth in these regions.

US factory activity has contracted for the eighth consecutive month, with the manufacturing index from the Institute for Supply Management dropping to 48.7. This persistent decline highlights ongoing challenges in the manufacturing sector, reflecting sluggish demand and economic uncertainty. It's a significant indicator of the overall health of the economy, as sustained weakness in manufacturing can lead to broader economic implications.

Ford's sales in the US saw a notable increase in October, driven primarily by strong demand for pickup trucks, even as electric vehicle sales faced a decline. This trend highlights the enduring popularity of traditional vehicles amidst the growing shift towards electric options, showcasing Ford's ability to adapt to market demands. The rise in sales is significant for Ford as it reflects consumer preferences and could influence future production strategies.

The latest trends in US debt issuance show a steady increase in T-Bills while bond rates remain stable. This situation reflects the government's ongoing efforts to manage its debt effectively, which is crucial for maintaining investor confidence and economic stability. Understanding these trends helps investors make informed decisions in a fluctuating market.

In a significant move, Kimberly-Clark has announced its intention to acquire Kenvue, the maker of Tylenol, for a staggering $40 billion. This acquisition is poised to strengthen Kimberly-Clark's portfolio in the consumer health sector, allowing them to expand their reach and enhance their product offerings. The deal highlights the growing trend of consolidation in the healthcare industry, as companies seek to leverage synergies and improve their competitive edge.

DuPont's spinoff, Qnity, made a strong debut on its first day of trading, reflecting optimism in the market, particularly with the ongoing AI boom. This positive performance is significant as Qnity is set to join the S&P 500, which could further enhance its visibility and attract more investors. The success of Qnity not only highlights the potential of new companies emerging from established firms but also underscores the growing influence of AI in shaping market trends.

Jon Stewart has announced that he will continue his role at 'The Daily Show' through 2026, much to the delight of fans. Known for his incisive humor and sharp critiques, particularly of President Trump, Stewart's presence is expected to bring a fresh perspective to the show during a pivotal time in politics. His commitment to the program not only reinforces its relevance but also promises to engage audiences with thought-provoking content.

Advent Technologies has announced the resignation of two board members, which raises concerns about the company's governance and future direction. This change in leadership could impact investor confidence and the company's strategic initiatives, making it a significant development for stakeholders.

Oil prices have remained steady even as OPEC+ announced plans to pause output increases. This decision is significant as it reflects the group's strategy to stabilize the market amidst fluctuating demand and geopolitical tensions. By maintaining current production levels, OPEC+ aims to prevent oversupply and support price stability, which is crucial for both producers and consumers.

The Supreme Court has ruled that it cannot intervene in all of Trump's tariffs, a decision that has sparked discussions among officials about the implications for trade policy. This ruling is significant as it underscores the limitations of judicial power in economic matters and highlights the ongoing debates surrounding tariffs and their impact on the economy.