News Highlights: Top Company News of the Day
27 December 2023 - 3:15AM
Dow Jones News
Bristol Myers Squibb to Buy RayzeBio for $4.1 Billion
Bristol Myers Squibb has struck a $4.1 billion deal to buy
radiopharmaceutical therapeutics company RayzeBio.
Shoppers Kept Spending This Holiday Season
U.S. retail sales in stores and online rose 3.1% from Nov. 1
through Dec. 24.
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.
Israel Finance Minister Calls Intel's $25 Billion Investment 'Important and Significant'
Intel's choice 'to approve the unprecedented investment of $25
billion and to establish its new factory right here, in Israel, is
important and significant,' says the country's finance
minister.
How Food Stocks Spoiled in 2023
Companies making packaged food were among the most notable U.S.
stock underperformers of the year, and the causes were many. Next
year might look better.
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.
Verano Executive Bullish on the Future of the U.S. Cannabis Industry
A potential decision to reclassify cannabis as a less
restrictive drug and pending banking legislation could have a
lasting impact on the sector, says company executive Darren
Weiss.
Return Policies Have Gotten More Annoying This Holiday Season
Retailers such as Amazon and Macy's have added fees or shortened
the window for returning online purchases.
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.
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.
(END) Dow Jones Newswires
December 26, 2023 11:00 ET (16:00 GMT)
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