SoftBank Is Selling Wag Stake Back to Company 
 

SoftBank's Vision Fund has agreed to sell its nearly 50% stake in Wag Labs Inc. back to the struggling dog-walking startup, marking another disappointment for the Japanese investing giant.

 
Judge Puts T-Mobile Merger Trial on Fast Track 
 

A federal judge told lawyers fighting over T-Mobile US's more than $26 billion bid for Sprint to skip their customary opening arguments so they could start questioning witnesses, a sign he is seeking a speedy trial.

 
Tiger Global Cuts Juul's Valuation to $19 Billion 
 

Tiger Global Management, one of Juul's earliest boosters, slashed its valuation of the e-cigarette startup to $19 billion, the latest sign of a broader reassessment investors are making of several one-time Silicon Valley darlings.

 
PG&E Charges to Swell to $25 Billion After Wildfire Settlement 
 

PG&E expects to take a fourth-quarter charge of $4.9 billion in connection with a new $13.5 billion deal to settle claims from wildfire victims, the company disclosed in a securities filing.

 
Amazon Claims 'Improper Pressure' From Trump on Pentagon Contract 
 

Amazon.com said President Trump exerted "improper pressure" on the Pentagon to keep a lucrative cloud-computing deal from going to his perceived enemy, company founder Jeffrey Bezos.

 
Big Drugmakers Push Deeper Into Cancer Treatment 
 

Merck and Sanofi, two of the world's biggest drugmakers, struck multibillion-dollar deals aimed at bolstering their lineups in the fiercely competitive cancer-drugs market.

 
Nuclear Power, a Low-Carbon Energy Source, Is Shunned by the West 
 

As countries and companies push to counter climate change, nuclear-power firms are struggling to survive. Some experts say nuclear power should play a larger role in any move away from fossil fuels.

 
HSBC Cuts More Top Executives in Strategy Shift 
 

HSBC pruned its top ranks and announced new hires as part of a strategic revamp, with three of its most senior executives set to retire or move into other roles.

 
Trucker Celadon Group Files for Bankruptcy 
 

Celadon Group Inc. and its affiliate entities have filed for bankruptcy under Chapter 11 of the U.S. bankruptcy code, and will shut down its business operations effective Monday.

 
Bill.com IPO Is Worth the Tab 
 

Business software companies that also have payments tools have been a sweet spot for investors.

(END) Dow Jones Newswires

December 09, 2019 15:00 ET (20:00 GMT)

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