Meta Faces EU Probe Over Disinformation Ahead of Elections

The European Union is investigating whether Meta Platforms shirked responsibility in tackling disinformation and misleading advertising in breach of its sweeping digital-competition law ahead of EU elections in June. 


 
FTC Targets 'Junk' Patent Listings on Ozempic and Other Drugs

The antitrust cop says that the more than 300 patent listings stall generic competition, keeping prices high for diabetes drugs, inhalers and more. 


 
Burger King parent company to invest $300 million more to modernize restaurants

Restaurant Brands edged past earnings expectations with its latest results on Tuesday while announcing plans to invest further in Burger King remodels. 


 
Coca-Cola Earnings Beat Estimates. Its Stock Is Down.

The company expects 2024 revenue growth of between 8% to 9%, above a prior forecast of 6% to 7%. 


 
3M's stock surges toward a 14-month high after profit, sales beat expectations

The consumer, industrial and healthcare-products company reported first-quarter profit and revenue that beat expectations. 


 
McDonald's Pushes Value as Consumers Grow Skittish on Spending

The burger giant reports slower-than-expected same-store sales growth for the first quarter. 


 
Paramount's Hollywood Ending Won't Be Tidy

The CEO's departure indicates a deal is near, but both potential suitors would bring fresh drama. 


 
GM in Talks to Move Credit-Card Business From Goldman to Barclays

The deal including roughly $2 billion of card balances could be struck by summer. 


 
Huawei's Net Profit Rose More Than Sixfold

Huawei Technologies' net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker's smartphone sales in China. 


 
PayPal's stock is climbing after earnings show progress on a key number

PayPal sported 4% growth in transaction-margin dollars, whereas it saw a decline on the metric in the fourth quarter.


(END) Dow Jones Newswires

04-30-24 1115ET