Biden Administration Upholds Apple Watch Ban. Apple Is Appealing. 
 

U.S. Trade Representative Katherine Tai declined to overturn a ruling that bans Apple from selling several models of the Apple Watch in the U.S. over a patent-infringement issue.

 
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion 
 

The deal demonstrates renewed interest in radiopharmaceutical drugs to treat cancer

 
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.

(END) Dow Jones Newswires

December 26, 2023 13:15 ET (18:15 GMT)