Marathon Petroleum is positioned for significant profits as global refining disruptions, especially in Russia, keep crack spreads elevated above $45 for over 15 months. Ukrainian strikes have reduced about a third of Russian refining capacity, supporting these high margins. The company expects around $70 per share in excess cash flow by Q3 2027, enabling aggressive share buybacks and at least 10% share retirement in the next year. Analysts see a sum-of-the-parts valuation target of $335 per share, with further positive revisions and share price gains anticipated.

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Pedigree recalls dog food over metal and plastic contamination risks

Mars Petcare US has voluntarily recalled two lots of Pedigree High Protein Chopped Chicken & Duck Flavor dog food due to potential contamination with sharp metal and plastic pieces. The affected 13.2-ounce cans, identified by lot codes 613C3KKCFC and...

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