Highlights:

• Canada's Oil Sands Poised for Mega Merger After Busy 2025 — Analysts say the oil patch is ripe for consolidation after a strong year of deals has depleted smaller acquisition targets. Bloomberg Industries

• Enel to Shift Investments Toward US, Europe in New Business Plan — Italy's Enel SpA is expected to announce a stronger strategic focus on Europe and the US to secure steady returns. Bloomberg Industries

• South Africa Banks Raise $322 Million in Debut Rescue-Debt Issue — Major South African lenders raised capital in loss-absorbing debt to comply with central bank requirements for orderly resolution of failing institutions. Bloomberg Industries

• Goldman's Petershill Seeks $5 Billion for New Flagship Fund — Goldman Sachs' Petershill unit is raising capital for its next fund focused on acquiring stakes in private-market investment firms. Bloomberg Industries

• Danone Sees Up to €70 Million Hit From Baby Formula Recalls — Danone estimates a €35–€70 million financial impact in Q1 from recent infant formula recalls over contamination concerns. Bloomberg Industries

• Franklin Templeton Sets Sights on Mexico's $500 Billion Pension System — The asset manager views Mexico's pension fund system as a potential partner for infrastructure development initiatives. Bloomberg Industries

• Starbucks Boosts Investments in 'Focus' Market India Undeterred by Mounting Losses — Starbucks India is expanding store count and menu offerings to grow its presence despite widening losses in the market. Bloomberg Industries

• Chrysalis Looks to Drop Managers as UK Fintech Fund Sells Assets — Fund managers at London-listed Chrysalis Investment are resisting a plan that would strip them of control as the firm sells down its portfolio after years of underperformance. Bloomberg Industries

• Trump Says Tariffs Pushed Novartis to Expand Operations in US — President Trump stated that his tariff policies prompted Swiss drugmaker Novartis to expand its US manufacturing footprint following a White House meeting. Bloomberg Industries