Tesla Faces a Tougher Road Ahead in China
The company hasn’t said why it won’t join the more than 100 exhibitors packing China’s most prestigious industry event.
DOJ Opposes Protection for Johnson & Johnson in Second Talc Bankruptcy
U.S. bankruptcy watchdog says talc affiliate’s repeat chapter 11 faces “possibly insurmountable obstacles.”
Florida Gov. Ron DeSantis Sets Stage for Legislative Action Against Disney
The company says state officials previously reviewed its comprehensive plan for development near Orlando.
Ericsson Cautions on Uncertain Outlook
Ericsson posted a below-forecast operating profit of SEK3 billion in the first quarter and warned that the trading environment would remain choppy in 2023 with poor visibility.
GSK to Buy Canadian Biotech
GSK has reached an agreement to acquire the Canadian late-stage biopharma BELLUS Health for around $2 billion.
Nickel Miner Merdeka Battery Materials’ Shares Rise in Jakarta Debut
Shares of the nickel miner Merdeka Battery Materials opened sharply higher in their Indonesia debut, signaling strong interest for producers of components used in electric vehicles.
Fox News, Dominion Face Risks if Defamation Case Goes to Trial
The network’s push to settle its case with Dominion Voting Systems leaves both sides weighing strengths and weaknesses of their positions.
Canada Public Broadcaster Joins NPR in Quitting Twitter Over Label Uproar
CBC said the label “government-funded media” in which officials determine editorial content is “untrue and deceptive.”
State Street, Schwab See Deposits Drop
Banks across the board are under pressure to pay depositors more as interest rates continue to rise.
Apple Makes the iPhone a Home for Savings Accounts
Apple Card credit-card holders can open an account with a 4.15% annual percentage yield.