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Shortages key to copper's upward price trajectory to new peaks

Upward momentum that has propelled copper prices to within a whisker of the psychological $10,000 a metric ton mark is expected to be sustained by the appearance of shortages over the coming months.

Lockheed Martin reports higher sales on strong defense demand

U.S. weapons maker Lockheed Martin on Tuesday reported a near 14% rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their defense spending, driving demand for new weapons.

JPMorgan China names new heads of China securities unit

JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company spokesperson.

MSCI Q1 profit jumps on higher demand for index products

MSCI's first-quarter profit rose on Tuesday, due to strong demand for its index products and analytics services as the likelihood of fewer U.S. Federal Reserve rate cuts sparked volatility.

Pfizer vs Moderna battle over COVID vaccine patents begins in UK

Pfizer and BioNTech asked a London court to revoke rival Moderna's patents over technology key to the development of vaccines for COVID-19, as the latest leg of a global legal battle began on Tuesday.

PulteGroup beats profit, revenue estimates on higher home sales

Homebuilder PulteGroup beat Wall Street estimates for first-quarter profit and revenue on Tuesday, aided by strong demand for new constructions amid an acute shortage of existing homes.

Kimberly-Clark lifts annual forecasts on resilient demand, higher prices

Kimberly-Clark raised annual sales and profit forecasts on Tuesday after topping first-quarter expectations, banking on higher pricing and robust demand for its premium personal care and household products in North America.

RTX profit jumps 20% on aviation strength, military demand

Aerospace and defense major RTX on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand.

Halliburton beats quarterly profit estimates on growing international strength

Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America.

Goldman and BofA face renewed calls to split CEO, chairman's roles

Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance.

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