Rio Tinto Plans $600 Million Investment in Solar, Battery Storage for Australia's Pilbara 

Rio Tinto said it intends to invest $600 million to build two solar farms and battery storage in Australia's Pilbara region.

Horizon Therapeutics Fields Takeover Interest From Pharma Giants 

The drugmaker recently had a market value almost $18 billion as big pharmaceutical companies rely on acquisitions to expand sales.

HPE's stock surges on record sales, strong revenue guidance 

Hewlett Packard Enterprise Co.'s stock was initially up 7% in extended trading Tuesday after the company reported quarterly results in line with analyst estimates and offered strong revenue guidance.

AMC Networks to Lay Off 20% of U.S. Workers as CEO Exits 

The company has been under pressure from cord-cutting as Americans have moved from traditional pay-TV packages to streaming services. Shares of AMC closed 5.3% lower.

Twitter Under Elon Musk Abandons Covid-19 Misinformation Policy 

The platform is an outlier among social-media companies in giving up policing false and misleading information about Covid-19.

BlockFi Affirms Efforts to Return Customer Funds 

The cryptocurrency lender said in a bankruptcy-court hearing that it is different from FTX and is working to return client funds as soon as possible.

That Knee Surgery You Postponed Could Soon Hobble Insurance Giants 

Managed care companies have outperformed the broader stock market due to lower-than-expected medical costs, but that could start to change in 2023.

Elon Musk's Apple Attack Sets Stage for Public Spat 

The dispute could draw new attention to how speech is monitored on the internet.

Apollo Taps Connecticut State Treasurer for New Client Role 

Shawn Wooden, the state's public retirement plan investment official, will become chief public pension strategist for Apollo next year.

Nestlé Considers Shedding Peanut Allergy Treatment as Sales Disappoint 

Palforzia, the world's only approved peanut allergy drug, has so far proved a flop, potentially because of a laborious treatment process.


(END) Dow Jones Newswires

November 29, 2022 19:15 ET (00:15 GMT)

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