Merck to Buy Verona Pharma in $10 Billion Deal
The move bolsters Merck's lineup as it braces for the 2028 loss of patent exclusivity for blockbuster cancer drug Keytruda.
----
Google's Unloved Stock Makes It a Big Tech Bargain
The search giant and its parent Alphabet face challenges that have pressured shares, but none is existential.
----
Prosecutors Question Doctors About UnitedHealth's Medicare Billing Practices
Justice Department prosecutors recently interviewed former employees about company practices that boost federal payments.
----
Vie Ventures Launches to Bankroll Autoimmune-Disease Biotechs
Aiming for a $75 million initial fund closing, the new venture investor plans to connect startups with nonprofits to speed their research.
----
Volkswagen Vehicle Deliveries Rise Despite North America Weakness
Deliveries increased in the second quarter after gains in China and South America offset a steep decline in North America.
----
UniCredit Doubles Equity Stake in Commerzbank
The Italian lender now owns around 20% of Commerzbank's shares and is the largest shareholder of the bank it hopes to engineer a merger with.
----
Elon Musk's Grok Chatbot Publishes Series of Antisemitic Posts
Several of the responses were deleted, and xAI says it has taken action to ban hate speech before the chatbot posts on the platform.
----
Apple COO Jeff Williams to Step Down; Design Team Will Report to CEO Tim Cook
Apple's chief operating officer plans to hand the role off this month and retire later this year after roughly a decade as the tech giant's No. 2 under Chief Executive Tim Cook.
----
WPP Shares Plunge After Ad Giant Cuts Profit Forecasts
The London-listed company is grappling with client defections and the rise of artificial-intelligence.
----
The Sequoia Investor Whose Anti-Mamdani Posts Set Off a Silicon Valley Storm
Shaun Maguire's right-wing political commentary is clashing with the culture of his much quieter employer, Sequoia Capital.
----
LVMH Taps Michael Burke to Lead Americas Business Amid Trade Uncertainty
The appointment, set to bolster the group's presence in North and South America, reflects LVMH's ambition to further invest in the region in coming years, according to a company memo.
----
Goldman Sachs Hires Former U.K. Prime Minister Rishi Sunak
The onetime world leader will work part time for the investment bank as a senior adviser while remaining a lawmaker.
(END) Dow Jones Newswires
July 09, 2025 09:00 ET (13:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.