Elon Musk Teases New Tesla Products While Warning About Economic Challenges
Former Tesla tech chief JB Straubel also won a seat on the auto maker’s board at the company’s annual shareholder meeting.
Lyft Taps New CFO Amid Layoffs, Soft Earnings Forecast
Lyft tapped a new chief financial officer from financial-services firm Charles Schwab in the ride-hailing company’s latest C-suite shift as it works through layoffs and a weaker-than-expected earnings forecast.
Pfizer borrows $31 billion in mega bond deal as debt issuance picks up ahead of debt-ceiling deadline
Pharmaceutical giant Pfizer secures $31 billion in financing on Tuesday, as companies pick up the borrowing pace ahead of a June U.S. debt-ceiling deadline.
Carrier Fire Business Expects to Fight Insurers on Chemical Lawsuit Coverage
Kidde-Fenwal said it believes it has potentially hundreds of millions of dollars in coverage, but insurers are disputing their obligations.
FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics
The FTC hasn’t often challenged mergers involving drugmakers, but under Chair Lina Khan it has taken a stricter stance on deals.
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement goods is softening as shoppers spend more on services.
Verizon Cuts Number of Unlimited Data Plans
The wireless carrier’s new consumer boss is looking to reduce the “paradox of choice” and curb subscriber losses.
Brazil’s Petrobras to End Market-Friendly Fuel Pricing
Leftist President Luiz Inácio Lula da Silva has called for more control of gasoline and diesel prices, which analysts see as a possible return to costly fuel subsidies.
Ex-Apple Engineer Indicted in Crackdown on Flow of Restricted Tech to China, Russia
A former Apple engineer has been charged with trying to steal the company’s self-driving-car technology, U.S. authorities said.
Sharpie parent Newell Brands’ stock falls toward 14-year low after dividend slashed by 70%
Sharpie parent Newell Brands’ stock fell toward a 14-year low Tuesday after the company cut its dividend as it “deliberately” reset its spending priorities.
Source: Dow Jones Newswires