Top Company News of the Day: Illumina, Mitsubishi, Adbri, SenseTime

Illumina to Shed Cancer-Test Maker Grail After Antitrust Battle

The gene-sequencing company said its goal was to complete the divestiture by the middle of 2024.

Mitsubishi UFJ Agrees to Buy Australia’s Link Administration

Mitsubishi UFJ Financial Group agreed to buy Link Administration in a deal valuing the Australian financial technology company’s equity at $800 million.

Adbri Gets Takeover Offer From CRH, Barro Group

Building materials supplier Adbri said it has received a takeover offer from U.S.-listed CRH and the Barro Group that values its equity at around $1.41 billion.

SenseTime Shares Fall on News of Death of Billionaire Founder

SenseTime Group’s shares fell sharply on news of the death of its founder and controlling shareholder.

Rept Battero Energy Shares Rise in Hong Kong Trading Debut

Shares of Chinese lithium-ion battery maker Rept Battero rose in their Hong Kong trading debut, indicating that investor demand for companies associated with electric-vehicle space remains buoyant.

Jobs Platform Gigs Is Looking for the Hourly Worker

The startup carries postings for blue-collar to services jobs, using AI to match applicants with permanent positions as well as gigs. Changes in the economy might help it.

New York Times Staffers Form Journalistic ‘Independence Caucus’ Amid Concerns Over Union’s Actions

Journalists at the Times have been at odds with the NewsGuild over its involvement on issues from the Israel-Hamas conflict to debate over the outlet’s transgender coverage.

Robinhood Woos Wealthier Clients From Bigger Brokerages

Known for a clientele of first-time investors, the trading app has received $1.1 billion in account transfers since it started offering a 1% match.

Tesla’s Self-Driving Tech Has Competition

Gradually improving driver-assistance features is the right way to make cars autonomous, but the EV pioneer is far from alone.

How the Maker of ‘Fortnite’ Beat Google and Got Its Mojo Back

Epic’s CEO founded the company in his parents’ basement. He isn’t done challenging the tech giants.

Source: Dow Jones Newswires


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