latest news in companies
Teck Resources and Anglo American Secure Court Approval for Historic Merger
Vancouver, Friday, 12 December 2025.
On December 12, 2025, the Supreme Court of British Columbia finalized the legal approval for the merger of equals between Teck Resources and Anglo American. This decisive move establishes the framework for “Anglo Teck,” a new Canada-headquartered entity set to become a top-five global copper producer. By consolidating assets, the merged giant will offer investors over 70% exposure to copper, fundamentally reshaping the competitive landscape for critical minerals as the deal moves toward regulatory review in 2026.
Rivian Targets Autonomy Leadership with New Custom Chips and LiDAR Strategy
Irvine, Friday, 12 December 2025.
Rivian unveiled a proprietary 5nm processor and confirmed LiDAR integration for its upcoming R2 models, signaling a major strategic shift toward vertical integration to achieve Level 4 autonomy.
Oracle Earnings Miss Reignites AI Bubble Fears Amid Soaring Capital Costs
New York, Thursday, 11 December 2025.
Oracle wiped $80 billion in value after missing revenue targets, exposing deep market anxiety over the sustainability of massive AI infrastructure spending despite broader economic resilience.
Bass Pro Shops CEO Challenges NASCAR Leadership Integrity Over Disparaging Texts
Daytona Beach, Thursday, 11 December 2025.
Billionaire sponsor Johnny Morris suggests removing NASCAR’s commissioner after unsealed messages revealed leadership called team owner Richard Childress a “stupid redneck” and suggested he be flogged.
NASCAR and Michael Jordan’s Team Reach Settlement Ending Federal Antitrust Trial
Charlotte, Thursday, 11 December 2025.
NASCAR and Michael Jordan’s 23XI Racing reached a settlement ending their federal antitrust trial today. The historic agreement reportedly secures permanent team charters, fundamentally reshaping the business of professional motorsports.