Business News 3 March 2026 - 10 March 2026

Virax Biolabs Stock Faces a Make-or-Break Nasdaq Vote After a Wild Week
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Virax Biolabs Stock Faces a Make-or-Break Nasdaq Vote After a Wild Week

Virax closed Friday at $0.2775, down 9.31%, but up 81% from May 15. Shareholders will vote June 5 on a 10-for-1 to 30-for-1 reverse share consolidation as the company faces a July 11 Nasdaq deadline to regain $1 minimum bid compliance. U.S. markets are closed Monday for Memorial Day, with trading to resume Tuesday. Armistice Capital disclosed a 4.99% stake in Virax earlier this month.
May 25, 2026
Diageo plc Shares Stay Near Lows After Dave Lewis Slashes Dividend and Cuts Forecast
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Diageo plc Shares Stay Near Lows After Dave Lewis Slashes Dividend and Cuts Forecast

Diageo shares closed down 0.29% at 1,521 pence Monday after the company cut its 2026 organic sales forecast and halved its interim dividend to 20 cents a share. The group expects 2026 organic sales to fall 2%-3% and reported a 2.8% drop in first-half organic net sales and profit. CEO Dave Lewis plans to present a new strategy later this year. Net debt stood at $21.7 billion as of Dec. 31.
March 10, 2026
Glencore plc weighs ASX listing after Rio Tinto talks collapse
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Glencore plc weighs ASX listing after Rio Tinto talks collapse

Glencore is considering a secondary listing on the Australian Securities Exchange to attract new investors, CEO Gary Nagle told the Australian Financial Review. The move follows failed merger talks with Rio Tinto, which Glencore said undervalued its copper business. No timetable has been set, and shareholder consultation is required before any decision. Glencore declined further comment.
March 9, 2026
ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook
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ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook

ZIM Integrated Shipping reported fourth-quarter net income of $38 million, down sharply from $563 million a year earlier, with revenue falling 32% to $1.48 billion. The company declared a $0.88 dividend but withheld 2026 guidance due to its pending $4.2 billion sale to Hapag-Lloyd. Average freight rates dropped 29% and carried volume slid 9%. Shares rose 1.8% to $28.32 in New York trading.
March 9, 2026
IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded
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IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded

British Airways remains unable to operate flights from Abu Dhabi, Amman, Bahrain, Doha, Dubai, and Tel Aviv due to restricted airspace, adding extra Muscat-London flights for stranded passengers. IAG shares dropped 3.6% in London Thursday, while Wizz Air and Lufthansa warned of profit hits from the Middle East conflict. Over 25,000 flights in and out of the region were canceled between Feb. 28 and March 5.
March 6, 2026
ANZ Group Holdings Limited Moves 2026 Half-Year Results Forward, Resets Interim Dividend Dates
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ANZ Group Holdings Limited Moves 2026 Half-Year Results Forward, Resets Interim Dividend Dates

ANZ Group has moved its 2026 half-year results announcement to May 1, ahead of major rivals NAB and Westpac. The bank also reset its interim dividend dates and set August 13 for its third-quarter update. ANZ’s first-quarter cash profit rose to A$1.94 billion, with expenses down 8%. The lender still faces scrutiny over net interest margin management and ongoing regulatory issues.
March 6, 2026
Plug Power stock jumps again as new CEO Crespo steps in and targets 2026 EBITDA
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Plug Power stock jumps again as new CEO Crespo steps in and targets 2026 EBITDA

Plug Power shares surged 11.2% to $2.48 on Wednesday, capping a three-day rally after naming Jose Luis Crespo as CEO and reporting improved margins. Trading volume reached 129 million shares, well above average. The company posted a fourth-quarter gross profit of $5.5 million and swung to a 2.4% gross margin. Analysts remain divided on the stock’s outlook as Plug plans asset sales and aims for positive EBITDAS by end-2026.
March 5, 2026
JD.com earnings miss: China e-commerce giant slips to Q4 loss as price war bites
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JD.com earnings miss: China e-commerce giant slips to Q4 loss as price war bites

JD.com reported fourth-quarter revenue of 352.3 billion yuan ($51.12 billion), up 1.5% but below analyst expectations, and posted a net loss of 2.7 billion yuan versus a 9.9 billion yuan profit a year earlier. Service revenue rose 20.1% while product revenue fell 2.8%. The board approved an annual cash dividend and reaffirmed its share repurchase plan. Marketing expenses jumped 50.6% as the company invested in new initiatives.
March 5, 2026
Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions
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Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions

Morgan Stanley has cut about 2,500 jobs across all divisions, roughly 3% of its workforce, according to the Wall Street Journal. The layoffs began last week and peaked Wednesday. The bank did not immediately comment, and Reuters could not independently verify the report. Roles affected include private bankers, back-office staff, and some mortgage-related positions.
March 5, 2026
Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view
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Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view

Amazon shares rose 3.9% to $216.77 in after-hours trading Wednesday after announcing a $427 million purchase of George Washington University’s Virginia Science and Technology campus in Ashburn for new data-center capacity. The company faces zoning hurdles and local power constraints for the site. Investors await Friday’s U.S. jobs report as Amazon projects $200 billion in 2026 capital expenditures.
March 4, 2026
Bradesco sets March 31 vote on Bradseg spin-off in Bradsaúde healthcare push
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Bradesco sets March 31 vote on Bradseg spin-off in Bradsaúde healthcare push

Bradesco filed a distance voting ballot for a March 31 shareholders’ meeting to seek approval for a partial spin-off of Bradseg Participações. The move is part of a plan to transfer health assets into Odontoprev, which would become Bradsaúde. Bradesco’s New York-listed shares fell 6.6% after the filing. Shareholder approval and regulatory clearance are still required.
March 4, 2026
Beazley share price today: Stock stuck near 1,290p as Zurich takeover overshadows results
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Beazley share price today: Stock stuck near 1,290p as Zurich takeover overshadows results

Beazley shares edged up 0.04% to 1,290.5 pence after reporting a 19% drop in 2025 pretax profit to $1.15 billion and flat interim dividend. Zurich’s 1,335 pence-per-share cash offer remains the main reference point as traders await deal approvals and Beazley’s April updates. Written premiums slipped 1% to $6.10 billion, with cyber premiums down and combined ratio rising to 81.2%.
March 4, 2026
GE Vernova stock price drops 4% as Wall Street turns defensive; Italy expansion, Proficy sale in focus
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GE Vernova stock price drops 4% as Wall Street turns defensive; Italy expansion, Proficy sale in focus

GE Vernova shares fell 4.4% to $842 Tuesday, touching a low of $812 before steadying after hours. The drop followed a broader market decline amid concerns over Middle East conflict and rising oil prices. GE Vernova announced a $30 million expansion of its Italian plant and completed the $600 million sale of its Proficy software business to TPG.
March 4, 2026
Netflix stock edges up after hours as JPMorgan turns bullish and CFO sale hits tape
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Netflix stock edges up after hours as JPMorgan turns bullish and CFO sale hits tape

Netflix shares rose 0.6% to $97.70 in after-hours trading Tuesday after JPMorgan upgraded the stock to “overweight” with a $120 target. A Form 4 filing showed CFO Spencer Neumann sold 57,260 shares under a preset plan. Investors are watching for his comments at a conference Wednesday. The moves follow Netflix’s exit from a major acquisition and a $2.8 billion termination fee.
March 3, 2026
Seagate stock slides as CEO sale notice lands in a risk-off session
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Seagate stock slides as CEO sale notice lands in a risk-off session

Seagate shares dropped 5.2% to $359.96 Tuesday amid a broad market selloff, with the stock hitting a low of $350.15. A Form 144 filing showed CEO Dave Mosley proposed selling 20,000 shares, following two earlier 20,000-share sales under a 10b5-1 plan. Western Digital and NetApp also fell. Investors awaited Seagate’s appearance at the Morgan Stanley conference later in the day.
March 3, 2026
Plug Power stock price jumps after hours as Q4 margin turns positive and Crespo takes over
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Plug Power stock price jumps after hours as Q4 margin turns positive and Crespo takes over

Plug Power shares jumped about 8% after hours Monday after reporting a rare positive gross margin and confirming a CEO transition. Fourth-quarter gross profit reached $5.5 million on $225.2 million revenue, with adjusted loss narrowing to 6 cents a share. New CEO Jose Luis Crespo took over March 2. Plug ended 2025 with $368.5 million in unrestricted cash and outlined plans to raise $275 million through asset sales.
March 3, 2026
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Stock Market Today

  • ASX 200 Rally Defies Oil Market Challenges
    May 25, 2026, 3:57 AM EDT. The ASX 200 index rallied despite ongoing oil market turbulence, driven by robust performances in key sectors such as financials and materials. Investors appeared to shrug off concerns about oil price volatility, focusing instead on positive corporate earnings and economic data. The index's resilience highlights a broader market confidence amid global energy uncertainties, with traders seeking opportunities in sectors less exposed to energy price swings. This divergence underscores the complexity of market dynamics where commodity fluctuations do not uniformly impact stock performance.