Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
A battle between Chevron and Occidental Petroleum to take control of U.S. driller Anadarko Petroleum is fueling speculation about more oil and gas deal-making, but BP CEO Bob Dudley on Tuesday suggested his company will stay on the sidelines.
BP purchased BHP Billiton's U.S. shale assets for $10.5 billion last year, giving the oil major a foothold in the Permian Basin and other regions where drillers extract oil and gas from rock formations. BP took over those operations last month.
"We've got our plate full. It's the biggest acquisition we've done in 20 years," Dudley told CNBC's Brian Sullivan at the Milken Institute Global Conference in Beverly Hills, California.
"So I think we're fine, not on the hunt, but this doesn't surprise me we're starting to see some of the consolidation in the Permian," he said, referring to the top U.S. shale oil region stretching from western Texas to southeastern New Mexico.
Anadarko's acreage in the Permian is widely seen as the company's crown jewel and the biggest prize for the winning bidder. Warren Buffett's Berkshire Hathaway entered the fray on Tuesday, committing to a $10 billion investment in Occidental to help the driller acquire Anadarko.
Dudley said BP would not put in a bid to rival Chevron's and Occidental's offers for Anadarko.
Dudley expects oil and gas companies to continue striking deals and swapping acreage in order to string together continuous strips of land in the Permian.
Before the BHP purchase, BP's onshore U.S. operations mostly produced natural gas. Dudley said the "great management team" that oversaw that business will bring their experience from the gas fields to BHP's oil-rich assets.