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The Latest Breaking News from Wall Street Journal

Double Digits: General Motors Is Making Only This Many Hummer EVs Per Day

One of the largest traditional automotive companies has put forth a plan to increase its position in the electric vehicle industry, something that has drawn praise from President Joe Biden.

Benzinga

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga

American Airlines passenger drives 45 minutes to airport for ticket help after waiting on hold for four hours

‘By far the worst airline call center experience I’ve ever had,’ passenger says

The Independent UK

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Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Benzinga

Benzinga Before The Bell: Tesla's Autopilot Layoff, TikTok Removal From App Stores, US Sanction On Russian Gold And Other Top Financial Stories Wednesday, June 29

CNBC

Benzinga

Effect Of Roe Vs. Wade Ruling - Pharmacies Ration Contraceptive Pills

Major pharmacies like CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Rite Aid Corporation (NYSE:RAD) have put a limit on purchases or deliveries of Plan B and other emergency contraceptive pills, writes Wall Street Journal. The move comes as demand for contraceptive pills spiked following the Supreme Court ruling overturning a constitutional right to abortion. These were in…

Benzinga

Elon Musk's Track Record Building Companies: Massive Risk And Reward

Musk uses his wealth to leverage future companies into the market’s limelight, disrupting industries and putting it all on the line for products he believes in.

InsideEVs

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Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

Benzinga

CVS and Walmart are rationing Plan B in response to Roe decision

A spokesperson for CVS told The Wall Street Journal that customers, temporarily, could only purchase a restricted number of pills

The Independent UK

Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High

As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution.

Benzinga

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Benzinga

Get Ready for the Post-Roe Sex Police!

If life begins at conception, there are virtually no limits on government surveillance of women in a post-Roe world.

Reason

Cadillac Celestiq Could Cost $300,000: Report

Production reportedly starts in late 2023.

Motor1

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

Benzinga

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Benzinga

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga

Merck/Seagen Potential Deal Talks Pick Up Speed: WSJ

Merck & Co Inc (NYSE:MRK) is pushing forward with a potential deal for Seagen Inc (NASDAQ:SGEN), Wall Street Journal reported, citing people familiar with the matter. The Journal mentioned that the deal could be one of the largest takeovers of the year. The Wall Street Journal reported last week that Merck was in talks to…

Benzinga

Here's Why Zendesk Shares Are Trading Higher Today

Zendesk, Inc (NYSE:ZEN) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports. Zendesk, with a market value of ~$7 billion, was likely to strike a settlement agreement with activist investor Jana Partners LLC days after it declined to…

Benzinga

Toyota Recalls EVs Over Faulty Wheels: WSJ

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported. The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle. Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle Toyota…

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The Independent UK

Tucker Carlson says Biden’s nicotine crackdown will make people ‘easier to control’

The CDC says smoking is the leading cause of death in the US, accounting for 480,000 deaths each year

Benzinga

US LNG Exports To China Plummet By 95%: What You Need To Know

U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data.

Benzinga

Benzinga Before The Bell: Tesla's Cybertruck Update, Twitter's New Feature, Netflix's Ad-Tier And Other Top Financial Stories Thursday, June 23

CNBC Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities

Benzinga

Meta Abruptly Ends Sponsorship Of US Event Struck With Controversy

Meta Platforms, Inc (NASDAQ:META) terminated its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., the Wall Street Journal reports. Meta did not disclose the reasons for the pullout. Internal battle and a discrimination lawsuit filed by ex-female executives plagued the project, WSJ wrote.…

Mic

You may soon be able to get abortion pills at your local pharmacy

This new FDA rule is a big first for the U.S.

Asharq Al-Awsat

Report: 2 Actors on Netflix Series Killed in Mexico Road Accident

Two actors from the Netflix's original series "The Chosen One" were killed and six people injured in a road accident on Mexico's Baja California Sur peninsula, the Wall Street Journal reported on Saturday. Actors Raymundo Gurdano and Juan Francisco Aguilar died in the accident on Thursday, the report said citing…

Reuters

Two actors on Netflix series 'The Chosen One' killed in road accident in Mexico - WSJ

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