Top Company News of the Day: Roivant, Microsoft, Johnson & Johnson, Ripple

Roivant in Talks to Sell Stomach Drug to Roche in Deal Valued at More Than $7 Billion

Roivant, started by presidential candidate Vivek Ramaswamy, could seal a deal in coming days.

FTC Continues Fight to Block Microsoft’s $75 Billion Deal for Activision

The agency is asking for a stay that could keep the deal from closing by the July 18 deadline.

Microsoft Email Hack Shows Greater Sophistication, Skill of China’s Cyberspies

Hackers adapt to the U.S.’s growing cyber defenses, learn to tread lightly and avoid detection.

Johnson & Johnson Sues Doctors Over Studies Linking Talc-Based Products and Cancer

Company says the studies played a significant role in lawsuits over its Baby Powder and Shower to Shower products.

Ripple Ruling Deals a Blow to SEC’s Effort to Regulate Crypto

The judge’s decision is a boost for other crypto firms that claim regulators have too aggressively policed the market.

EQT Bets Billions on Electric School Buses

First Student, a school bus operator that the private-equity firm bought two years ago, plans to put 30,000 electric buses on the road by 2035.

Twitter Starts Sharing Ad Revenue With Creators

Elon Musk makes good on February promise as the competition for content creators heats up.

ChatGPT Comes Under Investigation by Federal Trade Commission

The agency is investigating whether OpenAI’s chatbot has harmed individuals by publishing false information about them.

Crypto Lender Celsius CEO Is Arrested, Sued by Regulators

Celsius Network founder Alex Mashinsky was arrested in New York early Thursday and charged with securities fraud.

PepsiCo Sales, Earnings Rise on Snacks Spending

PepsiCo reported strong growth in sales and profit as consumers continued to shrug off price increases and spend on Doritos, Cheetos and other snacks.

Source: Dow Jones Newswires


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