China’s ‘Tesla Killer’ Stumbles as EV Price War Takes Toll
NIO, which had resisted cutting prices until recently, has become a symbol of the challenges automakers face in the world’s largest electric-vehicle market.
Starbucks Workers, Citing Pride Decorations, Strike at Some Stores
The tension between the company and some employees over in-store decorations comes amid contract negotiations with unionized stores.
Pill for Obesity Has Wall Street Salivating
Obesity treatments are currently limited to injections, but pills could expand the market and lower costs.
Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift Cards
Kroger, Walmart and other retailers report anonymous threats, prompting law-enforcement investigations.
Store Brands Strike Back
Hit by inflation, consumers are trading down to private label again.
Tech Startup Targets Missile Motors as Silicon Valley Moves Into Weapons
Anduril’s purchase of a solid rocket engine maker marks a further pivot from software to military hardware.
Junk-Bond Sales Are Up as Firms Submit to Tougher Terms
Low-rated companies are finding ways to tap bond markets while minimizing the hit to their borrowing costs.
Crypto Custodian Prime Trust Teeters on the Brink of Collapse
The company previously stored assets and provided banklike services to crypto firms Binance.US, FTX and Celsius.
Demand for Airliners Soars: ‘We Cannot Make Planes Fast Enough’
The CEO of Airbus sees demand continuing to outstrip supply as the European plane maker accelerates output and pulls further ahead of Boeing.
IBM Nears $5 Billion Deal for Software Provider
Purchase of Apptio, owned by private-equity firm Vista Equity Partners, could be finalized over the weekend.
Source: Dow Jones Newswires