News Highlights: Top Company News of the Day
December 26 2023 - 2:30PM
Dow Jones News
Apple Appeals U.S. Ban That Halted Watch Sales
A federal trade agency's ruling forced the iPhone maker to stop
selling its two most popular watch models.
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion
The deal demonstrates renewed interest in radiopharmaceutical
drugs to treat cancer
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures
Employees of OEP Capital Advisors sent investors private details
about potential deals and other confidential information, violating
the private-equity firm's policies, U.S. regulators said.
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.
(END) Dow Jones Newswires
December 26, 2023 15:15 ET (20:15 GMT)
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