News Highlights: Top Company News of the Day
May 25 2022 - 7:30AM
Dow Jones News
TotalEnergies to Buy Stake in U.S. Wind and Solar Company
The French energy company said it would buy a 50% stake in
Clearway Energy Group in a deal worth about $2.4 billion, the
latest move by an oil major to expand in wind and solar power.
Pfizer to Sell Vaccines, Drugs at Low Prices to Poorer Countries
The arrangement means that some of the drugs that carry list
prices of tens of thousands of dollars a year in the U.S. would be
substantially less for the low-income countries to buy, according
to Pfizer.
CVS Will Stop Filling Controlled-Substance Prescriptions for Cerebral, Done
The pharmacy chain will stop filling prescriptions for
controlled substances ordered by clinicians working for Cerebral
and Done starting Thursday, a move that will impact thousands of
patients.
Marks & Spencer Posts Profit But Warns on Outlook
UPDATED: Marks & Spencer delivered a pretax profit of GBP392
million for fiscal 2022 but cautioned that earnings growth this
year will be harmed by its Russia exit and rising cost pressures on
consumers.
NetEase, Kuaishou Could Feel China's Pandemic Pains This Quarter
Chinese tech companies NetEase Inc. and Kuaishou Technology beat
expectations with their latest earnings, but the painful impact of
a resurgent pandemic in the world's second largest economy is
likely to begin showing in the current quarter, analysts say.
Glossier Founder Emily Weiss to Step Aside as CEO
Kyle Leahy, who joined the beauty brand in November as chief
commercial officer, will take over as CEO immediately, while
founder Emily Weiss will stay on as executive chairwoman.
McDonald's Poised to Retain Both Seats in Proxy Fight With Icahn
Activist investor Carl Icahn had challenged the fast-food chain
over its suppliers' treatment of animals.
Wendy's Largest Shareholder Explores Burger-Chain Deal
Trian Fund Management said it is weighing possible transactions
to acquire control of the company.
Starbucks to Sell Juice Brand as Coffee Chain Focuses On Its Stores
Interim CEO Howard Schultz directs investment to the company's
cafes and baristas as Bolthouse agrees to acquire the Evolution
Fresh line of juices.
Intuit Shares Gain as Earnings and Outlook Top Street Estimates
The tax and accounting software company's strong results come
amid economic pressures that are weighing on the company's many
small business customers.
(END) Dow Jones Newswires
May 25, 2022 07:15 ET (11:15 GMT)
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