U.S. Appeals Court Sides With Drugmakers on Discount Program

The court ruled that drugmakers can limit their shipments of federally-discounted drugs to pharmacies, in a blow to hospitals and clinics.

 
Ford Cuts Prices of EV Mustang Mach-E

The move came weeks after Tesla reduced prices on a number of its models.

 
J&J's Talc Bankruptcy Case Thrown Out by Appeals Court

A federal appeals court said Johnson & Johnson's LTL Management can't use bankruptcy to resolve numerous talc-injury lawsuits.

 
AMC's Two Equity Securities Begin to Converge After Shareholder Proposal Released

AMC's so-called Ape units are rising while its common shares are falling as the movie theater operator nears a consequential shareholder vote.

 
Rout in Adani Stocks, Bonds Deepens

The namesake conglomerate of India's richest man, Gautam Adani, fired back at an American short seller, but the group's 413-page response didn't stop a slide in the shares and bonds of its companies.

 
Tesla's Big Price Cuts Spark Backlash

Tesla's decision to slash prices on some vehicles has upset some customers, many of whom paid thousands of dollars more for their cars just weeks earlier.

 
Philips to Cut a Further 6,000 Jobs

The job cuts are part of a reorganization aimed at improving Philips's performance and add to a wave of corporate layoffs in recent weeks.

 
GE HealthCare's First Solo Earnings Are Strong. It's Bullish on the Future.

The company was spun out of General Electric on Jan 3. It posted fourth-quarter earnings per share of $1.31 and sales of just more than $4.9 billion.

 
Nissan and Renault Fix One Problem, Leave Others

A new era for the unhappy marriage between the two auto makers brings hope but also complications.

 
Unilever Taps Dairy Boss as New CEO

Hein Schumacher, the head of a European dairy cooperative, will take over in July. Activist investor Nelson Peltz said he strongly supported the appointment.

(END) Dow Jones Newswires

January 30, 2023 15:15 ET (20:15 GMT)

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