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

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

 
Bristol Myers to Buy Karuna Therapeutics for $14 Billion 
 

The cash deal would help Bristol establish a beachhead in neuroscience drugs, including a schizophrenia treatment up for approval.

 
Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal 
 

Lions Gate Entertainment has agreed to separate its studios business and merge it with Screaming Eagle Acquisition, a special-purpose acquisition company.

 
Tencent Rocked by China's New Boss Level 
 

Beijing's internet clampdown isn't done yet, wiping tens of billions of dollars off the value of games companies, but the damage is hard to quantify.

 
Adidas and Puma shares, plus Dick's and JD Sports, slump after Nike's warning 
 

Nike cut its guidance and outlined plans to make $2 billion worth of cost savings over the next three years

 
A 'Recipe for Disaster': Insiders Warned Meta's Privacy Push Would Shield Child Predators 
 

The company's own child-safety experts sounded the alarm about efforts to encrypt messages on Instagram and Facebook. This month, it started doing it anyway.

 
New Yelp Has Earned Its Extra Stars 
 

The online review pioneer has made its advertising business more cost effective, helping the stock make its best run in years.

 
China's Sportswear Giants Take a $25 Billion Tumble 
 

A nationalist buying frenzy has faded, hurting shares of Li Ning and Anta.

 
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.

 
Airline Passengers Are Still Losing It 
 

Throwing punches and opening doors: In-flight disruptions are still happening at worrisome levels, regulators and airlines say.

(END) Dow Jones Newswires

December 22, 2023 13:00 ET (18:00 GMT)