Schneider Electric plans an offer for smart-device maker Shelly Group, valuing the company at about €1.2bn (≈$1.37bn). The firms signed an agreement on a €70-per-share offer. Schneider says the deal will combine its residential, retrofit and small-commercial building tech products with Shelly’s software-centric home energy management platform. The transaction is subject to customary regulatory approvals and is expected to close in Q1 2027.

Iranian President Pezeshkian said Iran needs nuclear energy, not nuclear weapons.

On Thursday, following a sharp rise in Brent crude, the 30-year US Treasury yield rose about 4bps to 5.44%, its highest level since 2004. Yields across the curve had already surged earlier this week, leaving several maturities near highs not seen since 2007. Columbia Threadneedle portfolio manager Ed Al-Hussainy said investors now require greater compensation to lock funds for 30 years. Stronger growth, elevated energy prices, persistent inflationary pressure and larger government borrowing are pushing long-term yields higher and intensifying pressure on long-dated Treasuries. The rise in 30-year yields has undercut Treasury efforts to lower long-term funding costs; the Treasury under Bessent expanded its government bond buyback program in mid‑August to ease market stress, but the measure has not produced a sustained market impact.