SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains 
 

SoftBank Group's shares rose on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US.

 
NIO Shares Jump on Launch of New Flagship EV 
 

NIO's Hong Kong-listed shares rose sharply after the Chinese electric-vehicle maker launched a new model amid stiffening competition in its home market.

 
Boart Longyear Agrees to Takeover by American Industrial Partners 
 

Drilling services company Boart Longyear has agreed to a takeover by American Industrial Partners Capital Fund VIII in a deal that values its stock at around US$371 million.

 
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.

 
Online Retailer Zulily Liquidating in California State Proceedings 
 

The private equity-backed seller of clothing, footwear and home goods is shutting down due to a "challenging business environment."

 
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.

 
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.

(END) Dow Jones Newswires

December 27, 2023 03:00 ET (08:00 GMT)