The two companies said they have formed a 50:50 joint venture aimed at handling future orders for the development of tanks and infantry fighting vehicles based on Rheinmetall’s Panther and Lynx models.
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- Lithium prices are plumbing multiyear lows in a market awash with the battery material, and it is unlikely they have hit bottom yet.
- Private-equity firm Carlyle Group is in exclusive talks to acquire medical-device maker Baxter's kidney-care spinoff Vantive for more $4 billion, including debt.
- The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
- The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
- The head of America's biggest retail bank, Chase Bank, has a warning for its 86 million customers: Prepare to pay for your bank accounts.
- Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a biofuels plant.
- Israel has declared control over its single-largest swath of land in the occupied West Bank this year, expanding its ability to build settlements in the Palestinian territory as it pursues the war in Gaza.
- Biden defiantly rejected calls for him to withdraw from the presidential race, telling voters in battleground Wisconsin that he was determined to win re-election against Trump.