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The Latest Breaking News from Wall Street Journal

Merck Shows Takeover Interest In Seagen: WSJ

Merck & Co Inc (NYSE:MRK) is reportedly mulling buying cancer-focused biotech Seagen Inc (NASDAQ:SGEN), Wall Street Journal reported citing people familiar with the matter. If the deal happens, it would be significant, given Seagen's market value of roughly $28 billion. According to the report, some people said other unnamed suitors are also eying Seagen, a…

Benzinga

Vince McMahon steps back as WWE CEO amid investigation into alleged hush money payment

McMahon to give up CEO and chairman responsibilities during investigation but will continue to carry out his duties relating to WWE’s creative content

The Independent UK

Benzinga Before The Bell: SpaceX Fires Staff Critical Of Musk, Snapchat Tests Subscriptions And Other Top Financial Stories Friday, June 17

Reuters London’s Gatwick Airport To Fly Lesser Number Of Flights During Summer Season

Benzinga

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The U.S. Is Spending $130 Million a Day on Military Aid for Ukraine Without Meaningful Congressional Oversight

Lawmakers are avoiding important debates about America's role in the conflict and the potential for misuse of funds and weapons.

Reason

WWE CEO investigated for alleged $3m hush money payment to ‘mistress’, report says

Vince McMahon is estimated to be worth $2.4bn, according to Forbes

The Independent UK

Benzinga Before The Bell: Tesla Raises Prices, Revlon Goes Bankrupt And Other Top Financial Stories Thursday, June 16

Wall Street Journal Moderna Plans COVID-19 Vaccine Trial For Infants

Benzinga

McDonald's Settles French Tax Case For $1.3B: WSJ

McDonald's Corp (NYSE:MCD) has agreed to settle a tax dispute in France by paying about $1.3 billion in fines and back taxes, the Wall Street Journal reported. The fast-food giant has been facing a probe in France over the proper declaration of all its activities. The deal's details are expected to be…

Benzinga

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Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

Zendesk Explores Settlement Discussions With Activist Investor Jana Partners

Customer engagement software solutions portfolio provider Zendesk, Inc (NYSE:ZEN) is exploring settlement options with activist investor Jana Partners LLC, days after the software company failed to divest itself, the Wall Street Journal reports. The truce could call for the exit of CEO Mikkel Svane and director Carl Bass. Bass, the former CEO of Autodesk Inc (NASDAQ:ADSK),…

Benzinga

Economy and Society: Passive fund ownership of US stocks overtakes active—for first time

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Alibaba, Other Chinese Stocks Brace For Uncertainty As US Looks To Monitor, Restrict Investment In China

Congress pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains, the Wall Street Journal reports. The action would require American companies and investors to disclose new outbound investments with a new interagency panel to review and block investments on national…

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

CNBC

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 10

Reuters Rebranded McDonald’s Restaurants To Reopen In Russia

Benzinga

Facebook Appears To Migrate Investments From News To Better Compete With TikTok

News organizations stand to lose revenue worth tens of millions of dollars as Meta Platforms, Inc's (NASDAQ: META) Facebook is reassessing its commitment to paying for news,

Benzinga

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Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

US Schedules Covid-19 Vaccines For Children Below Five Years

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

The Guardian - UK

Dom Phillips: editors around world urge Bolsonaro to do more to find missing journalist

Media organisations call on Brazil’s president to step up efforts to find Phillips and Indigenous advocate Bruno Pereira

Benzinga

Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

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Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga

Western Digital Weighed Strategic Alternatives Including Business Split

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

Asharq Al-Awsat

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

The Independent UK

Making music accessible the goal of Pearl scholarship winner

A musician who wants to make classical music more accessible to more diverse performers and audience members has been named this year’s recipient of a college scholarship founded in honor of slain Wall Street Journal reporter Daniel Pearl

Benzinga

Goodyear Recalls Over 170,000 Tires Used On RVs

Goodyear Tire & Rubber Co (NASDAQ:GT) is recalling more than 170,000 tires used on trucks and recreational vehicles. The tires subject to recall were produced between 1996 and 2003. The recall specifically applies to G159 tires size 275/70R22.5, commonly found on RVs. The tire maker received over 600 claims for personal injury and property…

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

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