Investors Are Bailing on Cathie Wood’s ARK Fund
Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion.
Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans.
Whitehaven Coal Output Rebounds, Net Cash Position Strengthens
Whitehaven Coal’s fourth-quarter coal production rebounded amid drier weather along Australia’s east coast, while a record average coal price across its fiscal 2023 has strengthened its cash position.
Call of Duty Will Stay on PlayStation After Microsoft-Activision Deal
Sony had opposed the $75 billion merger amid regulators’ concerns it would harm competition in the videogame industry.
Drugs Like Ozempic Created a Gold Rush. These Drugmakers Want In.
Companies developing weight-loss drugs have raised or made deals valued at more than $1.4 billion since about a year ago.
How Allbirds Lost Its Way
Quality complaints-and intractable holes-have dogged the hot shoe company, which rolled out an assortment of new products but found environmental sustainability a tough sell.
Electric Big Rigs Hit the Streets, but Chargers Are Scarce
California and other states have accelerated adoption of fleets of electric trucks, while grid upgrades needed for charging could take years.
Why Hydrogen Cars Refuse to Die
With so many lingering questions about batteries in electric vehicles, having a backup technology isn’t as crazy as it might sound.
Tom Cruise’s New ‘Mission: Impossible’ Falls Short of Other Summer Hits
The film’s opening-weekend results lagged behind the performances of Spider-Man and other franchises.
United Pilots Would Get Raises of Up to 40% Under Preliminary Deal
The pact follows agreements at Delta and American that included significant raises for pilots.
Source: Dow Jones Newswires