Le Pen calls on the European Central Bank to lower financing costs to create fiscal space

The transaction includes $1.95 billion in cash and about 33.3 million shares of stock. Vaquero owns around 300 miles of pipeline across four counties in West Texas. The contracts are on a fee-based structure, supported by approximately 100,000 acres of dedicated land, with an average remaining term of about 10 years. Additional share information is provided in paragraph 4, and analysts’ comments are added in paragraphs 6 and 7. Pranav Mathur, Reuters, October 6th – Energy Transfer (ET.N) said on Tuesday that it has agreed to acquire Vaquero Midstream for approximately $2.6 billion in cash and stock, a move that will expand the pipeline company’s midstream business. Energy Transfer said the deal includes $1.95 billion in cash and about 33.3 million newly issued shares. Earlier this year, the company stated it expects to invest $5 to $5.5 billion in capital in 2026, mainly for its natural gas network projects. Shares of Energy Transfer fell 1.2% in early trading. The company said these assets connect to its existing natural gas and NGL infrastructure, providing additional volumes for its transportation, fractionation, terminal, and export business. “With the wave of consolidation continuing in this space, this marks the continuation of midstream consolidation, highlighting the value of these assets,” said James West, analyst at Melius Research. He noted that the combination of M&A and organic expansion projects is ushering midstream companies into a growth cycle that could last over a decade and is likely to drive further upward revaluation for the sector. The acquisition is expected to close in the fourth quarter of this year. Vaquero operates about 300 miles of pipelines in Loving, Reeves, Ward, and Winkler counties, Texas, serving producers in the Southern Delaware Basin. Its Caymus processing complex features three processing trains with a total capacity of about 675 million cubic feet per day. Vaquero’s contracts are fee-based and backed by about 100,000 acres of dedicated land, with an average remaining contract term of about 10 years. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or not capture the intended context; Reuters does not guarantee their accuracy and provides them solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translation.)

The fiscal year 2028 revenue forecast has been raised from $18 billion to approximately $20 billion. Revenue for fiscal year 2031 is now expected to reach between $70 billion and $90 billion, exceeding previous expectations. If targets are met, the deal signed with Google in August could generate up to $120 billion in revenue before fiscal year 2033. The full article provides detailed information and background. Reuters, October 6 – On Tuesday, Marvell Technology (MRVL.O) raised its fiscal 2028 revenue forecast to around $20 billion, surpassing Wall Street's expectations, thanks to growing demand for its custom data center chips and surging artificial intelligence (AI) spending. The company's shares rose about 7%, while competitor Broadcom (AVGO.O) saw its stock rise about 4% in early trading. Marvell had outlined a strategy focused on custom and cloud-optimized chips (specially designed for data centers) at its 2021 Investor Day. Since then, the company has become one of the main beneficiaries of the AI infrastructure boom. As tech firms develop proprietary AI processors to reduce reliance on Nvidia (NVDA.O) chips, Marvell’s custom chip business has become a primary growth driver. This year, Marvell's stock price has more than tripled. In August, Marvell disclosed an agreement with Alphabet's Google (GOOGL.O) which, if certain milestones are achieved, could generate up to $120 billion in sales by fiscal year 2033. That same month, the company raised its full-year revenue forecast from $16.5 billion to around $18 billion. On Tuesday, Marvell forecasted fiscal year 2031 revenue to be between $70 billion and $90 billion. According to Visible Alpha’s survey of four analysts, the midpoint of that range—$80 billion—exceeds Wall Street’s previous expectation of $46.85 billion. According to data compiled by the London Stock Exchange Group (LSEG), analysts had previously expected 2028 revenue to be $18.2 billion. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Because machine translation may contain errors or lack the required context, Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters is not liable for any damage or loss arising from the use of automated translation.)