Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails
An $11 billion bid for Origin Energy, one of Australia’s largest power companies, was rejected by its shareholders on Monday in a stark illustration of how investors are adopting different strategies to bet on the energy transition.
Roche to Buy Carmot Therapeutics for $2.7 Billion
Roche said it would buy the California-based obesity and diabetes drugs maker for $2.7 billion with additional payments of up to $400 million based on development milestones.
Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
The streaming giant will cut about 1,500 more jobs as it accelerates a profitability push.
Evergrande Shares Rise as Court Grants More Time for Debt Talks
China Evergrande’s shares rose after a court granted the Chinese property developer more time to work out a plan to restructure billions of dollars in debt.
Alaska Air Reaches Deal to Buy Hawaiian Airlines
Alaska Air will pay roughly $1 billion in cash to acquire a rival in the Pacific region.
Australian Food Retailers Face Inquiry Into Alleged Price Gouging
Australia’s biggest food retailers face a parliamentary inquiry into alleged price gouging after the government agreed to an investigation amid a steep jump in the cost of living.
Fashion’s New Look for Stores: Bigger, Better, Fewer
Retailers including H&M and Zara are investing in their shops to woo consumers in ways they can’t online.
Walmart Stops Ads on X, Joining the Advertising Exodus
The retailer says its halt isn’t a boycott, but due to poor performance.
EV Battery Plant Rides Bumpy Road in This Michigan Town
Ford pauses and then scales back proposed facility backed by government funding and set to employ hundreds.
Digital Payments Are Having a Jolly Holiday
Investors might be warming again to the growth potential of alternative ways to pay.
Source: Dow Jones Newswires