This Financial Times report highlights major financial developments including Elliott Management's proxy battle at Phillips 66, Perplexity's impending $500 million funding round, Cobalt Holdings' London IPO,

The broader market backdrop only sharpens the appeal. With investors facing persistent uncertainty around inflation, growth, and global risks, companies with stable cash flows and tangible catalysts are increasingly rare. Phillips 66 offers a strong dividend, credible operational levers, and a catalyst for change already underway.

Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner ...

Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid heavy turnaround activities across the U.S. refining sector.