Tesla Sales Slump in Third Quarter
Its electric-vehicle deliveries declined 2% as the broader U.S. market slowed down and the company pivoted toward robotaxis and AI.
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David Ellison Changes Name of Combined Paramount-Warner to Skydance
The new name replaces iconic brands that have dominated Hollywood for decades.
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Two Blue Owl Private Credit Funds See Redemption Requests Well Above 5%
Investors move to pull another $4.2 billion from two funds.
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Novartis to License Drug From China's Abogen in Up to $7.8 Billion Deal
Novartis struck the deal to license the messenger RNA drug candidate and gain options over future therapies.
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Amazon's New Push to Get Buy-In for Data Center Build-Out
The company is pledging transparency-and an extra $1 billion in community support-to woo skeptics and win "the race our nation can't afford to lose."
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Barbie-Maker Mattel Draws Takeover Interest From Authentic Brands Group
The brand-licensing giant has made an approach for the toy maker, which has been dealing with a sliding stock and now a chief-executive transition, according to people familiar with the matter.
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Volvo Car Pulls Guidance as Chinese Auto Market Worsens
Volvo Car scrapped its full-year guidance after warning that challenges in its key Chinese and U.S. markets led to lower-than-expected third-quarter sales and a weaker outlook.
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Nike Plans a Smaller Company as Sales Slide Weighs on Shares
The company said job cuts will begin next year after it lowered its sales outlook. Shares dropped 9%.
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OpenAI Fires Researchers for Allegedly Sharing Information with AI Safety Group
The startup, in the throes of responding to rogue AI incidents, said three employees violated policies for handling sensitive company data.
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SK Group's Chey to Sell Stake to Fund Divorce Settlement
SK Group Chairman Chey Tae-won plans to sell part of his stake in the conglomerate's holding company valued at almost $695 million to fund his divorce settlement with his ex-wife.
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ON Semicondcutor to Buy Synaptics for Cash, Not Stock, in Downsized Deal
ON Semiconductor said it will pay $123 a share for Synaptics, giving the deal a value of around $5.7 billion.
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Raytheon Gets $24.4 Billion Navy Contract for Standard Missile-6 Interceptors
The contract is for an initial term of five years and contains two additional option years, the company said.