Top Company News of the Day: AstraZeneca, Maersk, Amazon, Ben & Jerry’s

AstraZeneca to Buy Gracell Biotechnologies

AstraZeneca has agreed to buy Gracell Biotechnologies for a transaction value of $1.2 billion, as part of the former’s efforts to grow its cell therapies business.

Fog at Chicago’s Midway Airport Scuttles Southwest Holiday Flights

The airline canceled hundreds of flights Sunday and more than 100 on Monday as it deployed a new strategy to deal with weather-related fallout.

Chinese Gaming Stocks Rebound After Regulators Soften Stance

Chinese gaming stocks listed in Shanghai and Shenzhen rebounded after regulators softened their stance on the latest proposal to further tighten controls on online games.

Maersk to Resume Red Sea Shipments as Multinational Force Deploys

Moller-Maersk had paused shipping via the waterway that leads to the Suez Canal after several attacks on its vessels.

Amazon Is a Go-To for Toilet Paper, Batteries. Can It Sell Cars?

The online retailer said car buyers will be able to finance and purchase Hyundai vehicles on its platform starting next year.

Nelson Peltz Resigns From Wiesenthal Board Over Its Ben & Jerry’s Tweet

The Jewish organization called for consumers to shun the ice-cream maker following pro-Palestinian posts from its chairman.

The Crypto Queen Pulling the Strings at Binance

Yi He, a former talk-show host, has sweeping control over the crypto giant’s marketing and investment divisions. She is also founder Changpeng Zhao’s longtime romantic partner.

Sam Altman’s Knack for Dodging Bullets-With a Little Help From Bigshot Friends

The OpenAI CEO lost the confidence of top leaders in the three organizations he has directed, yet each time he’s rebounded to greater heights.

Big Design-Software Companies Synopsys, Ansys in Talks to Merge

An acquisition by Synopsys of Ansys, which has a market value of nearly $30 billion, could be struck early in 2024.

Cummins to Pay $1.7 Billion to Settle Claims It Skirted Engine-Emissions Rules

The fine would mark the largest payout for a Clean Air Act violation.

Source: Dow Jones Newswires


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