Safety Firm UL Solutions Holder Seeks Up to $812 Million in IPO

Business Notícia

Safety firm UL Solutions is planning to raise up to $812 million in its initial public offering (IPO). This news comes as Tesla's sales fall short of estimates for the first time since 2020. Additionally, Enauta has proposed a merger with Brazil Oil Juniors, while Shell warns that support for the energy shift will decrease if prices soar. Other news includes a gag order expansion in the Trump hush-money trial, Apple's struggle after its worst quarter in a decade, and the auction of a Tesla Cyberbeast to test its resale value. GoldenTree, owned by Tananbaum, has sold its crypto subsidiary to Republic. Furthermore, the UAE has cut its economic growth forecast due to the OPEC+ oil output cap, and oil prices are near a five-month high due to Middle East risks and a supply cut in Mexico. Lastly, Russian crude processing has increased after drone strikes caused a temporary output cut.