S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
iTeos Therapeutics (NASDAQ: ITOS) will replace Magellan Health (NASDAQ: MGLN) in the S&P SmallCap 600, effective January 5, 2022. This change coincides with Centene Corp. (NYSE: CNC) acquiring Magellan Health, pending final conditions. The adjustment is significant for iTeos as inclusion in a prominent index like the S&P SmallCap 600 can potentially improve market visibility and investor interest. This strategic move highlights the dynamic shifts within the healthcare sector as companies adapt to evolving market conditions.
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S&P Global (SPGI) and IHS Markit (INFO) announced the sale of IHS Markit’s Base Chemicals business to News Corp for $295 million and S&P Global’s CUSIP Global Services (CGS) business to FactSet Research Systems for $1.925 billion. These transactions are part of the ongoing merger process between the two companies, anticipated to yield net proceeds of approximately $1.3 billion. Both divestitures are subject to customary conditions, including regulatory approvals.
S&P Global (SPGI) and IHS Markit (INFO) have signed agreements to divest IHS Markit's Base Chemicals business to News Corp for $295 million and S&P Global's CUSIP Global Services (CGS) to FactSet Research Systems for $1.925 billion. These divestitures are part of the regulatory conditions required to complete their merger. The companies expect to receive aggregate net proceeds of approximately $1.3 billion. Additional divestitures, including the Leveraged Commentary and Data business, are planned to meet regulatory approval, with the merger anticipated to close in Q1 2022.
The S&P/Experian Consumer Credit Default Indices for November 2021 show a slight decline in the composite default rate to 0.37%, down from 0.38% in October. The bank card default rate decreased to 1.94%, a drop of seven basis points, while auto loans rose to 0.44%. Notably, New York reported the largest decline in defaults among major metropolitan areas, falling to 0.30%. Dallas also experienced a reduction, while Los Angeles saw a rise in defaults. The indices provide insight into the consumer credit landscape across various loan categories.
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S&P Global Platts released its 2022 energy outlook, noting significant volatility in energy markets. Key highlights include anticipated supply growth outpacing demand due to increased LNG exports and a rebound in US shale production. However, geopolitical risks in regions like Iran and Libya could disrupt these forecasts. Natural gas prices remain vulnerable to weather conditions, while global oil prices could test $100 per barrel if supply chains are affected. Despite calls for energy transition, demand for fossil fuels is expected to rise, indicating a complex market landscape ahead.
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