Tesla Has a Plan to Stay in the China EV Race 
 

Tesla is preparing to launch a revamped version of its popular Model Y SUV at its plant in Shanghai, according to a report.

 
Boart Longyear Agrees to Takeover by American Industrial Partners 
 

Drilling services company Boart Longyear has agreed to a takeover by American Industrial Partners Capital Fund VIII in a deal that values its stock at around US$371 million.

 
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains 
 

SoftBank Group's shares rose on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US.

 
NIO Shares Jump on Launch of New Flagship EV 
 

NIO's Hong Kong-listed shares rose sharply after the Chinese electric-vehicle maker launched a new model amid stiffening competition in its home market.

 
The Bud Light Boycott Was Just the Beginning of a Crazy Year for Beer 
 

A Bud Light boycott in 2023 reshuffled the beer industry, vaulting Modelo Especial to the top spot in America. At the same time, many people simply stopped drinking beer altogether.

 
Apple Appeals U.S. Ban That Halted Watch Sales 
 

A federal trade agency's ruling forced the iPhone maker to stop selling its two most popular watch models.

 
Online Retailer Zulily Liquidating in California State Proceedings 
 

The private equity-backed seller of clothing, footwear and home goods is shutting down due to a "challenging business environment."

 
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures 
 

Employees of OEP Capital Advisors sent investors private details about potential deals and other confidential information, violating the private-equity firm's policies, U.S. regulators said.

 
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion 
 

The deal demonstrates renewed interest in radiopharmaceutical drugs to treat cancer

 
Shoppers Kept Spending This Holiday Season 
 

U.S. retail sales in stores and online rose 3.1% from Nov. 1 through Dec. 24.

(END) Dow Jones Newswires

December 27, 2023 07:15 ET (12:15 GMT)