Activism

Elliott has said it hopes to push Phillips 66 to focus more on its core refining business, cut operating costs and raise its share price, which on Tuesday closed 4.7% higher at $129.55. Its market value is $53.5 billion. The stock last year was trading at more than $170. Key to Elliott's plans, according to a report in the Wall Street Journal on Tuesday, is a spinoff of Phillips' midstream business responsible for transporting energy, as The Wall Street Journal previously reported. The Phillips' midstream business makes money transporting energy....

What’s happening right now is that Democrats, having been thrown out of power by American voters in a landslide victory for Trump, have decided they’re going to deploy a widely-used tactic from Trump’s first term to thwart the president’s agenda: use the federal judiciary. Under the false pretext that the federal judiciary is a “coequal branch of government” with the executive, they’re aiming to shut down Trump’s reform efforts with a fusillade of preliminary injunctions. In recent days dozens of lawsuits have been filed against the Trump administration by Democrat...

Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square Mile I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Under pressure CEO Murray Auchincloss said he would be revealing “a new direction” for the energy giant’s future at an investor update later in the month. He told shareholders :”Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance, all in service...

Editor's note: Warning, this article contains sexual descriptions that some readers might find disturbing. A women's rights campaigner is deriding a museum's claim that Legos are heteronormative and therefore anti-LGBT because the pieces fit together, similar to mating between men and women. The Science Museum in London, which previously attracted controversy over a display that promoted so-called “gender-affirming care,” has made headlines once again over a self-guided tour titled “Seeing Things Queerly” that claims Lego toys are viewed by some as anti-gay.

BP stock soared after an activist investor was reported to have taken a stake.

BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.

BP shares BP UK:B shot up 8% in London trade. The U.K.-listed shares are down 5% over the last 52 weeks.

The newly elected vice chair of the Democratic National Committee once labeled himself “one of the most politically toxic people in the country” and “too radical” for politics. Hogg was named to the plum post in party elections held on Feb. 1. Only 24 years old, Parkland shooting survivor David Hogg is arguably America’s most powerful Zoomer, and he’s left a trail of revealing social-media posts since coming to national prominence following the February 2018 mass shooting in Florida, which left 17 people dead. “I’m one of the most politically...

A female activist threatened park rangers in a profanity-laced fury as they took her into custody for allegedly tearing down an American flag and replacing it with a Mexican one at a California park, body cam footage shows. Crystal Aguilar, 24, was arrested on Thursday for slashing a chain that secured a flagpole located at Hart Park in Bakersfield before throwing the US flag in the mud and raising Mexico’s national banner in its place, according to the Kern County Sheriff’s Office. “You’re not going to tell me what to...

In an appearance on Thursday’s CNN Newsroom, Republican Congressman Brandon Gill (TX) ran circles around host Pamela Brown and the network’s purported fact-checkers. At one point, Gill called out how taxpayers had been wasting money by paying for “left-wing activism” at NPR and PBS, to which Brown tried to defend it as just “journalism.” She also repeatedly warned him that CNN’s fact-checkers were ready to pounce, but Gill stayed many steps ahead of them. When Brown tried to pin Gill on the possibility that some or all of the 7,030...

Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, the latest in a line of industrial conglomerates seeking a more streamlined portfolio.

The Charlotte, North Carolina-based company plans to separate its aerospace division from its automation business, while also proceeding with a previously planned spin-off of its advanced materials arm. The breakup process should be complete by the second half of 2026, Honeywell said Thursday in a statement as it also reported quarterly results.

Beyoncé just did what she has always done—excelled beyond expectations and redefined what is possible. At the 2025 Grammy Awards, she made history as the first Black woman to win album of the year this century and the first Black woman to ever win best country album, a genre where Black artists have traditionally had little space to shine. Beyoncé didn’t ask for permission to make a country album. She didn’t campaign for inclusion. She simply delivered an undeniable masterpiece that forced the world to recognize her. And that, right...