Rubio's announcement on X late Wednesday was a complete reversal from U.S. special envoy Richard Grenell, who said the license would be extended for 60 days.
Shareholders elected former ConocoPhillips Chief Financial Officer Sigmund Cornelius and former Targa Resources executive Michael Heim among Elliott’s nominees.
U.S. stocks trimmed early-session losses by midday Monday, as investors showed limited concern after Moody's downgraded U.S. sovereign credit from Aaa to Aa1, effectively stripping the world's largest economy of its last top-tier credit rating.
Paul Singer, Elliott Management's founder, made bold energy bets in Q1 of 2025, investing $2B each in Phillips 66 and Suncor Energy, while trimming exposure to broader market ETFs.
Wall Street fought for a fifth consecutive day of gains on Friday, with major indexes edging slightly higher by midday in New York as investors continued to digest the week's significant trade breakthroughs and recalibrate their economic expectations.
U.S. stocks traded mixed Thursday, with major indices posting timid midday gains as investors digested fresh economic data revealing signs of consumer strain and disinflationary pressure stemming from April's tariff escalation.
