Huntsman said its second-quarter profit skyrocketed as a hefty legal settlement offset a steep drop in sales. For the period ended June 30, the company reported net income of $406 million compared with $24 million in the year-earlier period. The results were bolstered by a gain of $1.7 billion from a settlement earlier in the year with Deutsche Bank and Credit Suisse Group. Sales fell 36 % to $1.87 billion.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
