California Cancels Paramount Meeting, Citing Leaks
The two sides were scheduled to discuss a settlement of a multistate antitrust lawsuit aiming to block the Paramount-Warner merger.
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FTC Reaches Settlement With Zillow, Redfin Over Antitrust Concerns
The FTC said its settlement unwinds an agreement from last year, in which Zillow paid Redfin $100 million to shut down its internet-listing services business and stay out of the market for up to nine years.
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NHTSA Expands Investigation Into GM Braking System
The National Highway Traffic Safety Administration is expanding its investigation into GM's electronic braking system after receiving several complaints.
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FDA Approves Alzheimer's Blood Test Developed by Roche and Eli Lilly
The Food and Drug Administration cleared a blood test for identifying Alzheimer's disease symptoms, which was developed by Roche and Eli Lilly.
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UAW Workers Reject Deere's Contract Extension Offer, Setting Up 2027 Battle
UAW President Shawn Fain called the offer an effort to avoid the usual bargaining process.
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XPeng Net Loss Widens Amid Physical AI Push
The Chinese EV maker remained in the red despite resilient margins, as heavy investment in new models and AI-related tech outweighed profits from its main business and higher-margin services.
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Eli Lilly Launches Foundayo Weight-Loss Pill in U.K.
The once-daily pill was approved for patients with a body mass index of at least 30, or between 27 and 30 in the event of at least one weight-related health condition.
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SoftBank Plans Record Retail Bond Issuance Amid AI Push
The fundraising comes as SoftBank seeks to finance an increasingly ambitious AI strategy.
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Alibaba to Raise $10.20 Billion for AI Investment With Share Placement
The Chinese company has been spending heavily on the technology as it jostles with rivals for dominance in the rapidly growing AI sector.
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YMTC Seeks $4.9 Billion IPO
China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years.
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Wendy's CEO Aims for Chain to Get Back in the Burger Fight
Bob Wright said that the chain has traded quality for cost savings and that a former McDonald's executive is joining as marketing chief.
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Shein Targets $27 Billion Valuation in Long-Awaited Hong Kong IPO
The fast-fashion giant said it would use the proceeds raised to strengthen its technology infrastructure, as well as strengthen its global presence.