What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (June 18, 2019).

The U.S. campaign against Huawei is taking a toll, with the company's founder forecasting a hit to revenue of about $30 billion this year and next.

French billionaire Patrick Drahi is buying Sotheby's for $2.7 billion, ending the auction house's 31-year run as a public company.

Pfizer agreed to buy Array BioPharma for $10.64 billion, seeking to expand its cancer-treatment lineup with targeted therapies.

KPMG agreed to pay $50 million to settle SEC allegations of ethical lapses at the accounting firm.

Amazon's yearslong effort to invade the $130 billion videogame industry is hitting a rough patch.

A group of five TV-station owners agreed to settle Justice Department allegations concerning sales of local advertising spots.

U.S. stocks edged higher ahead of central-bank policy meetings. The Dow and S&P 500 both rose 0.1%.

Airbus said it would develop its longest-range single-aisle plane yet, adding pressure on rival Boeing.

GE has to redesign an engine part for Boeing's new 777X long-haul jet, delaying the plane's first test flight.

The price of bitcoin has topped $9,000 amid a cryptocurrency rebound.

(END) Dow Jones Newswires

June 18, 2019 02:47 ET (06:47 GMT)

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