Blacklisted Chinese Companies Rebrand as American to Dodge Crackdown
Firms tagged as military entities use new names and licensing deals to try to keep their businesses going in the U.S.
Merck Nears $1.3 Billion Deal for Eye-Drug Company EyeBio
Such an acquisition would steer a company known for its cancer immunotherapy, Keytruda, into the multibillion-dollar eye-drug market.
Australian Bank Teams Up With JPMorgan on Anti-Scam Payment Security Tech
JPMorgan will test an anti-scam and mistaken payment technology created by Australia's largest retail lender to make international transactions more secure.
Lenovo to Raise $2 Billion Via Convertible Bonds
Lenovo Group is raising US$2.0 billion by issuing convertible bonds to a unit of Saudi Arabia's sovereign-wealth fund, which could result in the investor owning a stake in the world's largest PC maker.
Robinhood's stock jumps 4% after $1 billion buyback unveiled
Shares of Robinhood Markets Inc. rose more than 5% in the extended session Tuesday after the online broker said its board approved a $1 billion share buyback program.
Activist Irenic Builds Stake in Trucking Company Forward Air
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
Faraday Future Intelligent Electric Withdraws Production Outlook
The EV maker said the decision has been driven by current market conditions and funding levels.
Hess Shareholders Give Approval to $53 Billion Merger With Chevron
Investors' green light clears one hurdle for the tie-up to happen but a challenge by Exxon makes the final outcome uncertain.
Cava Stock Tumbles After Earnings Beat. Consumers Pulled Back.
The fast-casual food chain's same-store sales growth slowed even as quarterly earnings beat estimates.
Ex-Pioneer CEO Says FTC Used Him as 'Scapegoat' in Exxon Deal
Scott Sheffield says the antitrust enforcer smeared him with collusion allegations when it blocked him from Exxon's board.
(END) Dow Jones Newswires
05-29-24 0115ET
