EIA foresees no growth in GDP this year, with a projected downturn in the following year, consequently dampening energy demand. This highlights the need to keep an eye on XOM, CVX and COP.
Hess shareholders approve Chevron merger but challenges remain, OpenAI forms new safety committee as it rolls out next model, and other news to start your day.
Hess shareholders voted on Tuesday to approve a $53 billion merger with Chevron removing the first of three question marks hanging over the deal. The news is particularly important for Chevron, which is counting on the Hess deal to bulk up its future production. Chevron stock rose 0.8% on Tuesday, and Hess climbed 0.4%.