Novartis Lifts Guidance Again
Novartis said it now expects core profit in the year to grow by a percentage in the mid to high teens range after it reported a 21% rise in core earnings in the third quarter, boosted by strong sale of key drugs.
ZTE Shares Skid as Profit Growth Slows, Revenue Falls
Shares of ZTE slumped after the Chinese tech company’s profit growth slowed and revenue fell in the latest quarter.
Microsoft Earnings Will Bring More Questions About AI
Microsoft shares have stalled as investors await a payoff from generative AI.
Microsoft to Make Record Investment in Australia
The U.S. tech giant said it will make its largest-ever single investment in Australia and expand its cloud computing and AI infrastructure in the country.
Tesla Confirms Probe Into Executive Perks and Related-Party Deals
Federal prosecutors have sent subpoenas to Tesla seeking information about executive perks, deals with related parties and decisions to hire or fire employees.
Alaska Airlines Pilot Arrested After Alleged Attempt to Disable Engines Midflight
The off-duty pilot was riding in a cockpit jump seat on a regional flight operated by Horizon Air.
WPP Fires Employee Detained in China, Launches Investigation
The advertising giant said its GroupM unit was suspending trade with any external organization that was part of the police inquiries.
UAW Strike Expands to Stellantis’s Largest U.S. Factory
The United Auto Workers expanded its strike against Detroit’s car companies in a surprise action that hit Chrysler-parent Stellantis.
Ozempic Maker Novo Nordisk Has a Weight Problem
What happens when one company accounts for more than half of a stock index?
Chevron and Exxon May Have Kicked Off an Oil Land Grab
Few sizable targets remain in the most coveted U.S. shale basin after the oil supermajors’ mega acquisitions, setting off a scramble for what is left.
Source: Dow Jones Newswires