EBay Rejects GameStop's $56 Billion Takeover Proposal
The e-commerce platform called the offer "neither credible nor attractive" after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
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Under Armour Posts Loss on Lower Revenue
Under Armour reported a fiscal fourth-quarter loss as revenue declines in North America offset international sales gains.
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JD.com Beats Profit Expectations; Food-Delivery Losses
JD.com returned to profit with better-than-expected results in the first quarter, as the Chinese e-commerce giant made progress in stemming losses in its food-delivery business.
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Bristol-Myers Squibb and China's Hengrui Pharma Forge Tie-Up
U.S. pharma giant Bristol-Myers Squibb has struck a partnership and licensing deal with Chinese drugmaker Hengrui, in a deal that could worth more than $15 billion.
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EU's Von der Leyen Floats Tighter Restrictions for Minors' Social Media Use
The European Union could present new rules to tighten restrictions on minors' use of social media platforms this summer.
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Nvidia Stock Drops After Report CEO Huang Is Excluded From Trump's China Trip
Nvidia stock has hit a new high but ambitions of selling chips in China might face a setback.
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Sam Altman's Business Dealings Under GOP Scrutiny Ahead of OpenAI's IPO
The Republican-led House Oversight Committee says it is investigating, and six GOP state attorneys general are calling for SEC review after a WSJ article.
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Elon Musk's Grok Is Losing Ground in AI Race
Adoption by business and consumer users has slowed as parent SpaceX rents out spare computing capacity to rival Anthropic.
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Novo Nordisk Says Higher-Dose Wegovy Shot Helps Some Patients Lose 28% in Weight
The company said the majority of the weight loss-around 84%-came from losing body fat while preserving muscle function and improving muscle health.
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Bayer Shares Climb After Earnings Beat Expectations
The stock rose as much as 6.9% in European morning trading Tuesday, in a session with broad-based losses across European stocks due to worries about the Middle East conflict.
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Adnoc Gas Expects Strait of Hormuz Closure to Hit Full-Year Profit
The Abu Dhabi-owned gas company anticipates a hit to second-quarter net income between $400 million and $600 million due to the strait's closure.
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China's Kuaishou Plans Spinoff of AI Unit That Could Be Valued at $20 Billion
The Chinese short-video company is in talks with prospective investors-including Tencent, a major shareholder of Kuaishou-to raise around $2 billion for its Kling unit.
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Byron Allen to Acquire Majority Stake in BuzzFeed for $120 Million
Allen, whose company Allen Media Group owns the Weather Channel and more than 30 network affiliate broadcast channels, plans to acquire 40 million shares for $3 apiece, BuzzFeed said.
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Rigetti Computing Revenue Triples. There's More to Why the Quantum Stock Is Climbing.
Rigetti says it is targeting a quantum system with 1,000 physical qubits in the next few years.
(END) Dow Jones Newswires
May 12, 2026 09:00 ET (13:00 GMT)
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