White House Says $14.1 Billion U.S. Steel Sale Deserves 'Serious Scrutiny' 
 

Under the deal, Japan's Nippon Steel would acquire one of America's most storied industrial enterprises.

 
Nike Sends Warning About Slowing Consumer Spending 
 

Sneaker giant cuts revenue outlook and outlines cost-cutting plan to save up to $2 billion

 
This Retailer Launched Last Year and It's Shipping a Million Packages a Day 
 

Newcomer Temu and Shein are targeting bargain hunters and benefit from lower shipping costs by sorting packages in China.

 
Elon Musk tells Cathie Wood he wants to make X a 'giant brain' and financial platform 
 

Musk spoke in a wide-ranging, 100-minute interview with Cathie Wood, chief executive of investment-management firm ARK Invest, on X's Spaces app Thursday.

 
Activision and California Agency File Settlement of Gender Discrimination Claims 
 

State withdraws claims of sexual harassment as Activision agrees to pay nearly $55 million while denying wrongdoing.

 
Energy Company Hess Agrees to Pay Up to $187 Million to Settle Asbestos Claims 
 

With the deal, a bankrupt Hess subsidiary is on its way to exit chapter 11.

 
Warner and Paramount CEOs Discussed Possible Merger of Companies 
 

Warner Bros. Discovery CEO David Zaslav met Paramount CEO Bob Bakish and discussed a possible merger between the media giants, people familiar with the matter said-a deal that would unite some of Hollywood and cable's biggest brands.

 
U.K. Serious Fraud Office Must Pay Mining Company After Botched Corruption Probe 
 

A court found the agency committed a 'serious breach' when it privately conferred with a lawyer representing ENRC.

 
Ultragenyx to Pay $6 Million to Settle Alleged False Medicare, Medicaid Claims 
 

The Justice Department alleges Ultragenyx paid for free genetic tests for patients, and bought test results, to induce prescriptions of its drug Crysvita.

 
IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit 
 

The Internal Revenue Service will accept 80% repayment of the employee retention tax credit, or ERC, in exchange for amnesty from civil penalties.

(END) Dow Jones Newswires

December 22, 2023 01:00 ET (06:00 GMT)