News Highlights: Top Company News of the Day
22 December 2023 - 2:30PM
Dow Jones News
Bristol Myers to Buy Karuna Therapeutics for $14 Billion
The cash deal would help Bristol establish a beachhead in
neuroscience drugs, including a schizophrenia treatment up for
approval.
Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal
Lions Gate Entertainment has agreed to separate its studios
business and merge it with Screaming Eagle Acquisition, a
special-purpose acquisition company.
Global Gaming Shares Dive After China Proposes Online-Gaming Curbs
Global gaming stocks sank after Beijing released draft
regulations for the online game industry that included restrictions
on incentives to play or spend more online.
A 'Recipe for Disaster': Insiders Warned Meta's Privacy Push Would Shield Child Predators
The company's own child-safety experts sounded the alarm about
efforts to encrypt messages on Instagram and Facebook. This month,
it started doing it anyway.
New Yelp Has Earned Its Extra Stars
The online review pioneer has made its advertising business more
cost effective, helping the stock make its best run in years.
China's Sportswear Giants Take a $25 Billion Tumble
A nationalist buying frenzy has faded, hurting shares of Li Ning
and Anta.
Adidas, Puma, and JD Sports shares slump after Nike warning
Nike cut its guidance and outlined plans to make $2 billion
worth of cost savings over the next three years
White House Says $14.1 Billion U.S. Steel Sale Deserves 'Serious Scrutiny'
Under the deal, Japan's Nippon Steel would acquire one of
America's most storied industrial enterprises.
Airline Passengers Are Still Losing It
Throwing punches and opening doors: In-flight disruptions are
still happening at worrisome levels, regulators and airlines
say.
Sumitomo Life to Buy Singapore Insurer in S$4.6 Billion Deal
Sumitomo Life Insurance has agreed to buy Singapore Life
Holdings in a deal that will value the homegrown insurer at 4.6
billion Singapore dollars (US$3.47 billion).
(END) Dow Jones Newswires
December 22, 2023 09:15 ET (14:15 GMT)
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