S&P Global Inc. - SPGI STOCK NEWS

Cercarbono, a Colombian standards-setting body for greenhouse gas reduction projects, has become the first participant in S&P Global Commodity Insights' Meta Registry® platform. This innovative solution connects environmental registries worldwide to enhance tracking, transfer, and retirement of carbon credits while mitigating double-counting risks.

The platform provides seamless connectivity between carbon reduction programs, national registries, buyers, sellers, and trading exchanges through a single dashboard. Cercarbono brings approximately 160 environmental projects to the platform, spanning across multiple countries including Colombia, Brazil, Mexico, and Peru. The registry focuses on ecosystem preservation and emerging technologies, with South American countries contributing nearly 15% of all carbon credits historically.

S&P Global Market Intelligence has released a report highlighting that generative artificial intelligence (GenAI) adoption is at an inflection point. According to their research, 18% of organizations have fully integrated GenAI, marking a 5-point increase in 6 months. The report identifies data quality and budget constraints as primary causes of AI project failures. Venture funding in GenAI has reached $20 billion in the first three quarters of 2024, with several startups achieving unicorn status before product launch.

R1 RCM (NASDAQ:RCM) will be removed from the S&P MidCap 400 index, effective prior to market opening on November 20, 2024. This change comes as a result of the company's pending acquisition by TowerBrook Capital Partners and Clayton, Dublier & Rice, expected to complete around November 19. Shift4 Payments (NYSE:FOUR) will replace R1 RCM in the index. The transition marks R1 RCM's departure from the Healthcare sector of the S&P MidCap 400, while Shift4 Payments will join as part of the Financials sector.

S&P Global (NYSE: SPGI) has launched the Kensho LLM-ready API in beta, enabling customers to integrate S&P Global datasets with generative AI models. The solution allows natural language querying of financial data through large language models like GPT, Gemini, or Claude. The API provides access to S&P Capital IQ Financials, Compustat® Financials, and Market Data, with partial access to Key Developments and GICRS. Additional datasets will be available throughout 2025. The service has been in beta testing with select customers since April 2024, helping institutions accelerate their GenAI adoption and workflows.

S&P Global (NYSE: SPGI) announced major generative AI enhancements to S&P Capital IQ Pro, introducing Document Intelligence and ChatIQ. Document Intelligence provides smart search and analysis capabilities for company filings, earnings calls, and other documents, while ChatIQ serves as an AI assistant for company and industry research. The platform now includes IQ Newsletters with mid-day market summaries for US, European, and Asian markets. These AI-powered tools aim to streamline analysis, improve user experience, and provide faster insights through modern technology solutions.

Global manufacturing demand showed continued weakness in October 2024, according to the GEP Global Supply Chain Volatility Index, which posted -0.39. U.S. factories made their strongest cutbacks to buying volumes in nearly 18 months, while Europe's industrial recession persisted, particularly affecting Germany's automotive sector.

In contrast, China's factory production rebounded after three months of contraction, and India maintained strong expansion. The index indicated one of the highest levels of spare capacity at global suppliers in over a year, with October marking the 14th consecutive month of excess supply relative to manufacturing demand globally.

By region, North America recorded the weakest purchasing activity (-0.72), followed by Europe (-0.52), while Asia showed more resilience (-0.20).

According to S&P Global Commodity Insights, Canadian oil sands' absolute greenhouse gas emissions increased by less than 1% in 2023 despite production growth. Since 2020, emissions growth has slowed to about 1% annually, compared to 5% in the previous decade. While absolute emissions were 3% higher in 2023 compared to 2019, production grew by 9% (250,000 barrels per day) in the same period. The average GHG intensity of production decreased to 58 kilograms of CO2 equivalent per barrel in 2023, marking a 28% reduction since 2009. Despite this trend, absolute emissions are expected to rise in the near term due to anticipated production increases.

S&P Global (NYSE: SPGI) announced that President and CEO Martina Cheung will participate in the J.P. Morgan 2024 Ultimate Services Investor Conference on November 14, 2024, in New York. Cheung will engage in a fireside chat presentation scheduled for 10:50 am EST. The session will be accessible via webcast, potentially including forward-looking information about the company.

S&P Global Commodity Insights has launched daily spot physical price assessments for pork in Europe and North Asia, effective November 1. The new assessments include the Platts EU Pork Marker (EUPM) for frozen pork belly in Barcelona, Spain, and the Pork Belly Cost and Freight (CFR) North Asia assessment for deliveries to Busan, South Korea. This expansion complements their existing protein price assessments for chicken, beef, and seafood, enhancing transparency in the global pork market where consumption reaches 118.3 million metric tons annually. Pork represents 40% of global per capita consumption and 68.6% in China.