SoftBank Chip Unit Arm Files for an IPO Likely to Be 2023’s Biggest
Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link
Corporate/Industrial News
Teva Agrees to Pay $225 Million to Settle U.S. Price-Fixing Charges
The generic drugmaker’s U.S. unit also must sell the drug line for cholesterol treatment pravastatin. Source link
America’s Tech Giants Rush to Comply With New Curbs in Europe
Some of the impact will hit right away, changing how users scroll, search and shop online. Source link
Anti-ESG Funds Face Obstacles to Broad Investor Acceptance
One problem is defining exactly what these funds actually invest in. Source link
The Battle to Ban TikTok and the Man at the Center of It
Montana Attorney General Austin Knudsen helped start a case that he thinks could make its way to the Supreme Court....
Dan Schulman Took PayPal to New Heights. He’s Having a Bumpy Landing.
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing...
Elon Musk’s Latest Antics Have Some Asking: Is He Out of Touch?
The billionaire’s taunts of Mark Zuckerberg, his rival at Meta Platforms, are drawing cringes and questions. Source link
America’s Fight Over Tipping at Restaurants Comes to Its Biggest Battleground Yet
Chicago restaurants say they will have to boost prices and cut staff if a “sub-minimum wage” proposal becomes law. Source...
Why a Zara Bet Big on the Maxi Dress This Summer
Fashion retailer arms managers with bevy of data, and authority to act on it, in bid to keep ahead of...
China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts,...
Why Child-Care Prices Are Rising at Nearly Twice the Overall Inflation Rate
Providers are boosting tuition as their costs rise and federal aid ends, straining some families’ finances. Source link
WSJ News Exclusive | A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX
The rocket company and satellite operator narrowed its loss to $559 million in 2022. Costs increased, but revenue rose faster....
This Tomato Sauce Is Delicious. It’s Also Worth Billions of Dollars.
Campbell Soup is splurging for the company behind Rao’s. What is the brand’s secret sauce? Source link
Next Time You Buy Parmesan, Watch Out for the Microchip
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EV Startup VinFast’s Market Debut Pushes Value Higher Than GM, Ford
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly...
China Torpedoes Intel’s Bid to Buy Israeli Chip Maker Tower Semiconductor
Intel scrapped its more-than-$5 billion offer to buy Tower after Chinese regulators failed to approve the deal in time, the...
Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source...
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China...
WSJ News Exclusive | Movie Financier TSG Accuses Disney of Depriving It of Millions of Dollars
TSG Entertainment, which helped finance hits including “Avatar: The Way of Water” for Twentieth Century Fox, is suing the studio...
UAW Calls Out Slow Progress on Talks with Detroit Automakers
The union plans to hold a strike authorization vote next week with its labor contracts set to expire Sept. 14....
