News Highlights: Top Company News of the Day - Thursday at 11 AM ET
January 18 2024 - 10:15AM
Dow Jones News
Nelson Peltz Calls for Disney to Target 'Netflix-Like' Streaming Margins
The activist investor's Trian Fund Management lists that goal
among others in its preliminary proxy statement for Disney's annual
meeting.
Drugmakers Raise Prices of Ozempic, Mounjaro and Hundreds of Other Drugs
The list prices of 775 brand-name drugs rose during the first
half of January.
TSMC Thinks 2024 Will Repower Chip Sales
The world's largest contract chip maker expects revenue to grow
over 20% this year-a sign the electronics downturn is finally
over.
Target Names Finance Chief Fiddelke Chief Operating Officer
Target has designated its top finance executive, Michael
Fiddelke, to succeed John Mulligan as the retailer's chief
operating officer.
Birkenstock's First Earnings as a Public Company Disappoint
Adjusted earnings of 13 euro cents a share fell shy of analysts'
projections for 15 euro cents a share.
Humana Stock Crumbles as Forecast Cut on Higher Medical Costs
Humana expects fiscal 2023 adjusted earnings of about $26.09 a
share, down from the company's prior estimates of $28.25.
Samsung Kicks Off AI Upsell Cycle
Smartphone and PC makers are banking on AI-enabled devices to
revive sales this year.
One of Biden's Favorite Chip Projects Is Facing New Delays
Taiwanese chip maker TSMC expects to delay production at the
second of two semiconductor plants it is building in Arizona.
Hyundai, Kia Emerge as Tesla's Biggest U.S. Rivals on EVs
A pair of allied Korean carmakers are pushing to launch electric
vehicles ahead of competitors.
Spotify Dominates Audio Streaming, but Where Are the Profits?
The company has expanded beyond music to stay ahead but has
struggled to make money.
(END) Dow Jones Newswires
January 18, 2024 11:00 ET (16:00 GMT)
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