Oil Holds Steady In Cautious Trade

Princess Eugenie pregnant with first child with husband Jack Brooksbank

Princess Eugenie is pregnant with her first child with husband Jack Brooksbank.

The Royal Family announced the happy news in a statement this morning, saying the baby is due in early 2021.

The Queen and The Duke of Edinburgh and Eugenie’s parents Prince Andrew and Sarah, Duchess of York are said to be ‘delighted’.

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Aunt Bessie's factory worker dies after coronavirus outbreak

An Aunt Bessie’s factory worker has died two weeks after a coronavirus outbreak was confirmed among staff.

This is a breaking story. More to follow.

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Aging Norwegian King Admitted to Oslo Hospital

Copenhagen, Denmark (AP) — Norway’s 83-year-old King Harald V was admitted to the main hospital in Oslo on Friday, the Norwegian palace said, without giving any further information about his condition.

The palace said his son, Crown Prince Haakon, has stepped in and taken over his father’s duties, including a scheduled meeting with the Norwegian government.

Harald ascended the throne upon the death of his father King Olav on Jan. 17, 1991.

The country’s first native-born king since the 14th century, he married a commoner as a prince and won hearts in his egalitarian country by leading the mourning in 2011 for the victims of mass killer Anders Behring Breivik.

In 2016, a speech by Harald in support of gay rights and diversity attracted widespread international attention. “Norwegians are girls who love girls, boys who love boys, and girls and boys who love each other,” he said.

The speech was shared tens of thousands of times on social media.

Veolia CEO Says He Will Raise Offer Price for Suez Stake

Veolia Environnement SA’s chief executive officer said he will improve the price at which the French waste and water utility is seeking to buy part of Engie SA’s stake in local rivalSuez SA.

The new offer will be examined by Engie’s board, which is meeting later on Friday, Veolia CEO Antoine Frerot said in a press conference in Paris. He had earlier said that Veolia is ready to buy the 29.9% stake despite Suez’s “poison pill.”

Frerot hasindicated this week that he’s open to boosting the offer, in a first step to a full takeover of Suez that would create a French waste and water giant. At the end of last month, Veolia had offered 2.9 billion euros ($3.4 billion) for the 29.9% stake. Engie had called that bid inadequate.

Suez shares rose 3.8% in Paris trading as of 10:10 a.m. local time. Veolia was 1.2% higher and Engie gained 1.1%.

PMV Pharma Prices IPO At $18/Shr, At High End Of Range

PMV Pharmaceuticals, Inc. announced the pricing of initial public offering of 11.765 million common shares at $18.00 per share, at high end of expected range.

The company originally filed to sell 7.35 million common shares with an expected price of between $16.00 and $18.00 per share.

Earlier on Thursday, the company filed an amendment and the size of the IPO was increased to 11.765 million shares.

PMV Pharma’s common stock to begin trading on Nasdaq Global Select Market on September 25, 2020 under the ticker symbol “PMVP.”

The company expects offering to close on September 29, 2020 and estimates the offering gross proceeds, before expenses, to be about $211.8 million.

In addition, PMV Pharma has granted underwriters a 30-day option to buy additional 1.76 million shares at the initial public offering price less the underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities, Cowen and Evercore ISI are acting as joint book-running managers for the offering.

Oil Holds Steady In Cautious Trade

Oil inched higher on Friday, but remained on track for a weekly fall on concerns about the global resurgence of coronavirus infections and its effects on fuel demand.

Benchmark Brent crude edged up 11 cents, or 0.25 percent, to $42.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 5 cents, or 0.1 percent, at $40.36.

Brent is on track for a 3 percent loss this week, while U.S. crude is heading for a drop of nearly 2 percent on growth worries and amid expectations that the prospect of the return of Libyan barrels to the market will add to supply.

U.S. coronavirus cases topped 7 million, accounting for more than 20 percent of the world’s total. In Europe, health officials warned of the risk of a potentially lethal “twindemic of Covid-19 and the flu.”

Authorities have warned of tougher times in Spain as the country’s cumulative tally of confirmed coronavirus infections passed 700,000 on Thursday.

The U.K. reported the highest number of new coronavirus cases in a single day since the start of the pandemic.

France also reported a record number of Covid-19 cases, a day after the government announced new restrictions on bars and restaurants in major cities.