•Treasury Secretary Scott Bessent stated that the dollar can remain strong during rate cuts if they are driven by falling inflation while the economy remains robust.
•Bessent projected a return to 3% US GDP growth this year, driven by AI productivity gains and eased Iran conflict tensions.
•Vaar Energi and its partners will invest about 14 billion crowns ($1.42 billion) to develop three oil and gas discoveries in the Gjoea area offshore Norway, according to plans submitted to the energy ministry on Thursday.
•South Korean authorities imposed a fine of $136,000 on Bithumb for sharing user information with overseas exchanges in violation of data protection laws.
•Granite announced it has been awarded a contract by the Utah Department of Transportation valued at approximately $116.9 million for the West Davis Corridor expansion.
•Hertz Global Holdings (HTZ) announced pricing of a private offering of $350 million exchangeable senior first-lien secured PIK notes due 2030 with a 6.75% coupon, upsized from the original amount.
•Compass Diversified entered into a Settlement Agreement and Plan Support Agreement regarding the Chapter 11 proceedings of Lugano Diamonds & Jewelry Inc.
•Micron projects fiscal Q4 revenue of approximately $50 billion, with a $1 billion range, and outlines $100 billion in supply chain agreement remaining performance obligations.
•Abbott declared its 410th consecutive quarterly dividend of $0.63 per share.
•Abbott announced a licensing deal with ALZpath to use its pTau217 antibody for a blood-based Alzheimer's diagnostic test on its Alinity ci-series systems.
•Tower Resources has received formal approval from Namibia's Ministry of Industries, Mines and Energy for the farm-out of its PEL96 offshore licence to Prime Global Energies.
•Wiley (WLY) declared a quarterly cash dividend of $0.3575 per share, equivalent to an annual dividend of $1.43 per share, an increase from the previous dividend.
•China's state-owned refiners are considering resuming Iranian oil purchases, but competing alternative supplies and falling domestic fuel demand will temper their interest.
