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The Latest Breaking News from WSJ

WWE CEO Paid More Than $12M In Hush Money To Former Female Employees: WSJ

World Wrestling Entertainment Inc. (NYSE: WWE) CEO Vince McMahon agreed to pay more than $12 million to four women in an effort to keep allegations of sexual misconduct and infidelity a secret.

Atlantic City Casino Workers Seal Labor Pacts With MGM, Caesars

Atlantic City Casino Workers Seal Labor Pacts With MGM, Caesars

The Atlantic City, New Jersey, casino workers union has reached an agreement with MGM Resorts International (NYSE:MGM) and Caesars Entertainment Inc (NASDAQ:CZR). The agreements reached are likely to prevent strikes at MGM Resorts’ Borgata casino and Caesars Entertainment’s Caesars, Harrah’s, and Tropicana properties. Unite Here Local 54 union organizers have been asking for a pay raise…

This Analyst Believes Seagen Is Evaluating Strategic Alternatives

This Analyst Believes Seagen Is Evaluating Strategic Alternatives

Raymond James initiated coverage on Seagen Inc (NASDAQ:SGEN) at Outperform with a $220 target price. Citing the recent departure of the long-time Seagen CEO, Raymond James thinks that the Board of Directors is likely evaluating strategic alternatives for the company. The relationship with Merck & Company, Inc. (NYSE:MRK) has been long-standing. With Keytruda losing its patent…

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Report: Deshaun Watson’s Contract Could Be Delayed a Year

The Browns QB’s disciplinary hearing is slated to begin Tuesday, and the NFL is reportedly preparing to angle for an ‘indefinite suspension.’

Sports Illustrated

Cadillac Celestiq Luxury EV May Cost Up To $300,000

If this is so, then it means it will be priced to compete with the most exclusive sedans in the world.

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…

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.…

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FDA may order Juul products off shelves

FDA may order Juul products off shelves

With pressure from Congress and health groups mounting, FDA may order Juul to take its products off the market this week.

Vince McMahon Appears on WWE’s ‘SmackDown’ Amid Scandal

Vince McMahon Appears on WWE’s ‘SmackDown’ Amid Scandal

The 76-year-old stepped down as CEO on Friday after a report emerged detailing alleged misconduct with former employees.

Sports Illustrated

Merck Shows Takeover Interest In Seagen: WSJ

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…

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

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

Tampon Manufactures Step Up Output To Avoid Any Major Supply Crunch: WSJ

Tampon Manufactures Step Up Output To Avoid Any Major Supply Crunch: WSJ

Some of the largest U.S. tampon makers are beefing up production to boost supplies as consumers in some parts say they cannot find their preferred products.

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

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

Citi Turns Bullish On Boeing - Read Why

Citi Turns Bullish On Boeing - Read Why

Citi analyst Charles J Armitage upgraded the aerospace and defense firm Boeing Co (NYSE:BA) to Buy/High Risk from Neutral and lowered the price target to $209 (implying an upside of 56.3%) from $219. The analyst seeks to value Boeing on the assumption that the (significant) medium-term risks can be mitigated while also quantifying those risks.…

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Boeing Now Has a Liaison To Raise Concerns For Employees Who Work On Behalf Of FAA: WSJ

Boeing Co. (NYSE:BA) has appointed Mark Fava as its new ombudsperson for employees working on behalf of the Federal Aviation Administration, reported WSJ. Fava is a former U.S. Navy officer and airline operations official. According to a Boeing representative, Fava has recently concentrated on regulatory issues concerning the company's commercial…

Sports Illustrated

Report: WWE Board Investigating ‘Secret’ Vince McMahon Settlement

The probe reportedly also found additional, older NDAs involving ex-WWE female employees and claims of misconduct.

Softbank-Backed Mental Health Startup Cerebral Under FTC Scrutiny: WSJ

The Federal Trade Commission (FTC) has begun investigating mental-health startup Cerebral Inc on its potential engagement in unfair practices related to advertising or marketing of services.

Cryptocurrency Companies Reduce Hiring In Response To Market Downturn

Coinbase Global Inc (NASDAQ: COIN) revoked employment offers to people who accepted them and announced a slowing of its hiring pace in recent weeks.

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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,

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

Big 4 Accounting Firm Ernst & Young Considers Separating Audit and Advisory Businesses: WSJ

Big Four accounting firm Ernst & Young is considering a global split of its audit and advising businesses amid regulatory scrutiny of potential conflicts of interest in the profession,

WeWork Appoints Andre Fernandez As Finance Chief; Affirms Outlook

WeWork Inc (NYSE:WE) has appointed Andre J. Fernandez as Chief Financial Officer (CFO) effective June 10, 2022. This is the third time the co-working space operator has hired a finance chief since March 2020, the Wall Street Journal reported. Fernandez recently served as the CFO of Atlanta-based enterprise software company NCR Corp (NYSE:NCR). The WSJ report…

Asharq Al-Awsat

Report: Apple Looks to Boost Production Outside China

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report…

Is The NFT Market Dead Or Alive? That Depends On Who You Ask

After taking the market by storm in 2021, the growth of non-fungible tokens has faced some bumps in 2022. Ask those who cover the sector if the NFT market is dead or alive, and you may get some different answers.

Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

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